Common use of Subrogation of Rights Clause in Contracts

Subrogation of Rights. In the event any payment is made in respect of Losses pursuant to this Article IX, the Indemnifying Party who made such payment shall be subrogated to the extent of such payment to any related rights of recovery of the Indemnified Party receiving such payment against any unaffiliated third party.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Penn National Gaming Inc), Securities Purchase Agreement (St Louis Riverboat Entertainment Inc)

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Subrogation of Rights. In the event any payment is made in respect of Losses pursuant to this Article IXIX or Article VII, the Indemnifying Party who made such payment shall be subrogated to the extent of such payment to any related rights of recovery of the Indemnified Party receiving such payment against any unaffiliated third partyThird Party.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Lions Gate Entertainment Corp /Cn/)

Subrogation of Rights. In the event any payment is made in respect of Losses Damages pursuant to this Article IXVII, the Indemnifying Party who made such payment shall be subrogated to the extent of such payment to any related rights of recovery of the Indemnified Party receiving such payment against any unaffiliated third partyparty other than the Buyer, the Company or any of their Affiliates.

Appears in 1 contract

Samples: Stock Purchase Agreement (On Assignment Inc)

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Subrogation of Rights. In the event any payment is made in respect of Losses Damages pursuant to this Article IXARTICLE VII, the Indemnifying Party who made such payment shall be subrogated to the extent of such payment to any related rights of recovery of the Indemnified Party receiving such payment against any unaffiliated third partyparty other than any Buyer Indemnified Party, the Company or any of their respective Affiliates.

Appears in 1 contract

Samples: Stock Purchase Agreement (Enzo Biochem Inc)

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