Common use of Subrogation Rights; No Duplication Clause in Contracts

Subrogation Rights; No Duplication. (a) Any Indemnitor required to make a payment under this Article XII shall be subrogated, to the extent of such payment, to the rights of the entity to which such payment has been made for reimbursement or indemnification against third parties relating to the claim on which such payment has been based.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Acx Technologies Inc), Asset Purchase Agreement (Printpack Inc), Asset Purchase Agreement (Fort James Corp)

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Subrogation Rights; No Duplication. (a) Any Indemnitor required to make a payment under this Article XII XIII shall be subrogated, to the extent of such payment, to the rights of the entity to which such payment has been made for reimbursement or indemnification against third parties relating to the claim on which such payment has been based.

Appears in 1 contract

Samples: Asset Purchase Agreement (Temple Inland Inc)

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Subrogation Rights; No Duplication. (a) Any Indemnitor required to make a payment under this Article XII VII shall be subrogated, to the extent of such payment, to the rights of the entity to which such payment has been made for reimbursement or indemnification against third parties relating to the claim on which such payment has been based.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gene Logic Inc)

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