Common use of Subrogation Provision Clause in Contracts

Subrogation Provision. In the event that coverage is provided under this AGREEMENT, WE shall be subrogated to all the rights YOU may have to recover against any person or organization arising out of any safety defect which is the subject of a voluntary or mandatory recall campaign, as well as out of any order, judgment, consent decree, or other settlement, and YOU shall execute and deliver instruments and papers and do whatever is necessary to secure such rights. YOU shall do nothing to prejudice those rights. Further, all amounts recovered by YOU for which YOU have received benefits under this AGREEMENT shall belong to, and be paid to US, up to the amount of benefits paid under this AGREEMENT.

Subrogation Provision. In the event that coverage is provided under this AGREEMENTAgreement, WE We shall be subrogated to all the rights YOU You may have to recover against any person or organization arising out of any safety defect which is the subject of a voluntary or mandatory recall campaign, as well as out of any order, judgment, consent decree, or other settlement, and YOU You shall execute and deliver instruments and papers and do whatever is necessary to secure such rights. YOU You shall do nothing to prejudice those rights. Further, all amounts recovered by YOU You for which YOU You have received benefits under this AGREEMENT Agreement shall belong to, and be paid to USUs, up to the amount of benefits paid under this AGREEMENTAgreement.