Common use of Subrogation Rights Clause in Contracts

Subrogation Rights. In the event that the Indemnifying Party shall be obligated to indemnify the Indemnified Party pursuant to this Article 8, the Indemnifying Party shall, upon payment of such indemnity in full, be subrogated to all rights of the Indemnified Party with respect to the Loss to which such indemnification relates; provided, however, that the Indemnifying Party shall only be subrogated to the extent of any amount paid by it pursuant to this Article 8 in connection with such Loss.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Bluegreen Corp), Stock Purchase Agreement (MLC Holdings Inc)

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Subrogation Rights. In the event that the Indemnifying Party shall be obligated to indemnify the Indemnified Party pursuant to this Article 8, the Indemnifying Party shall, shall upon payment of such indemnity in full, be subrogated to all rights of the Indemnified Party with respect to the Loss to which such indemnification relates; provided, however, that the Indemnifying Party shall only be subrogated to the extent of any amount paid by it pursuant to this Article 8 in connection with such Loss.

Appears in 2 contracts

Samples: 1 Asset Purchase Agreement (Syntellect Inc), Asset Purchase Agreement (Alpine Group Inc /De/)

Subrogation Rights. In the event that the Indemnifying Party shall be obligated to indemnify the Indemnified Party pursuant to this Article 812, the Indemnifying Party shall, upon payment of such indemnity in full, be subrogated to all rights of the Indemnified Party with respect to the Loss to which such indemnification relates; provided, however, that the Indemnifying Party shall only be subrogated to the extent of any amount paid by it pursuant to this Article 8 12 in connection with such Loss.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Minotto Gene J), Agreement and Plan of Merger (Fuqua Enterprises Inc)

Subrogation Rights. In the event that the Indemnifying Party shall be obligated to indemnify the Indemnified Party pursuant to this Article 8, the Indemnifying Party shall, upon payment of such indemnity in full, be subrogated to all rights of the Indemnified Party with respect to the Loss to which such indemnification relates; provided, however, that the Indemnifying Party shall only be subrogated to the extent of any amount paid by it or its insurance carriers pursuant to this Article 8 in connection with such Loss.

Appears in 1 contract

Samples: Option Agreement (Phoenix Medical Technology Inc)

Subrogation Rights. In the event that the Indemnifying Subject to Section 8.15 below, any indemnifying Party shall be obligated to indemnify the which indemnifies any Indemnified Party for any matter pursuant to this Article 8, the Indemnifying Party 7 shall, upon payment in full of the amount owed with respect to such indemnity in fullmatter pursuant to this Article 7, be subrogated to all the rights of the such Indemnified Party against all other Persons with respect to the Loss to matter for which indemnification was provided and, in its own name or in the name of the Indemnified Party, may assert any claim against any such indemnification relates; provided, however, that Person which the Indemnifying Indemnified Party shall only be subrogated to the extent of any amount paid by it pursuant to this Article 8 in connection may have with such Lossrespect thereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Eclipsys Corp)

Subrogation Rights. In the event that the Indemnifying Party shall ------------------ be obligated to indemnify the Indemnified Party pursuant to this Article 8Section 22, the Indemnifying Party shall, upon payment of such indemnity in full, be subrogated to all rights of the Indemnified Party with respect to the Loss to which such indemnification relates; provided, however, that the Indemnifying Party shall only be subrogated to the extent of any amount paid by it pursuant to this Article 8 Section 22 in connection with such Loss.

Appears in 1 contract

Samples: Joint Venture Agreement (Microtel Franchise & Development Corp /Ny)

Subrogation Rights. In the event that the Indemnifying Party shall be obligated to indemnify the Indemnified Party pursuant to this Article 811, the Indemnifying Party shall, shall upon payment of such indemnity in full, be subrogated to all rights of the Indemnified Party with respect to the Loss to which such indemnification relates; providedPROVIDED, howeverHOWEVER, that the Indemnifying Party shall only be subrogated to the extent of any amount paid by it pursuant to this Article 8 11 in connection with such Loss.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Intratel Group LTD)

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Subrogation Rights. In the event that the any Indemnifying Party shall be obligated to indemnify the an Indemnified Party pursuant to this Article 8XI, the such Indemnifying Party shall, upon the payment of such indemnity in fullindemnity, be subrogated to all rights of the Indemnified Party with respect to the Loss Losses and Expenses to which such indemnification relates; provided, however, that the Indemnifying Party shall only be subrogated to the extent of any amount paid by it pursuant to this Article 8 in connection with such Loss.

Appears in 1 contract

Samples: Agreement and Plan of Merger

Subrogation Rights. In the event that the Indemnifying Party shall be obligated to indemnify the Indemnified Party pursuant to this Article 8, the Indemnifying Party shall, upon payment of such indemnity in full, be subrogated to all rights of the Indemnified Party with respect to the Loss to which such indemnification relates; provided, however, that the Indemnifying Party shall only be subrogated to the extent of any amount paid by it pursuant to this Article 8 in connection with such Loss.to

Appears in 1 contract

Samples: Second Option Agreement (Phoenix Medical Technology Inc)

Subrogation Rights. In the event that the Indemnifying Party shall be obligated to indemnify the Indemnified Party Seeking Indemnification pursuant to this Article 8, 11 the Indemnifying Party shall, upon payment of such indemnity in full, be subrogated to all rights of the Indemnified Party Seeking Indemnification with respect to the Loss to which such indemnification relates; provided, however, that the Indemnifying Party shall only be subrogated to the extent of any amount paid by it pursuant to this Article 8 11 in connection with such Loss.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Eplus Inc)

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