Common use of Waiver of Insurers Clause in Contracts

Waiver of Insurers. Each party shall cause each property and loss of income insurance policy required to be obtained by it pursuant to Sections 20 and 21 to provide that the insurer waives all rights of recovery by way of subrogation against either Landlord or Tenant, as the case may be, in connection with any claims, losses and damages covered by such policy. If either party fails to maintain property or loss of income insurance required hereunder, such insurance shall be deemed to be self-insured with a deemed full waiver of subrogation as set forth in the immediately preceding sentence.

Appears in 5 contracts

Samples: Work Letter Agreement (Auspex Pharmaceuticals, Inc.), Work Letter Agreement (Auspex Pharmaceuticals, Inc.), Work Letter Agreement (Axesstel Inc)

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Waiver of Insurers. Each party shall cause each property and loss of income insurance policy (other than commercial general liability insurance) required to be obtained by it pursuant to Sections 20 and 21 to provide that the insurer waives all rights of recovery by way of subrogation against either Landlord or Tenant, as the case may be, in connection with any claims, losses and damages covered by such policy. If either party fails to maintain property or loss of income any such insurance required hereunder, such insurance shall be deemed to be self-insured with a deemed full waiver of subrogation as set forth in the immediately preceding sentence.

Appears in 4 contracts

Samples: Work Letter Agreement (Lacrosse Footwear Inc), Antenna License Agreement (Silicon Image Inc), Industrial Lease (E Digital Corp)

Waiver of Insurers. Each party shall cause each any property and loss of income insurance policy required to be obtained by it pursuant with respect to Sections 20 and 21 the Premises to provide that the insurer waives all rights of recovery by way of subrogation against either Landlord or Tenant, as the case may be, in connection with any claims, losses and damages covered by such policy. If either party Tenant fails to maintain property or loss of income insurance required hereunderhereunder (or if Landlord elects to carry the All-Risk insurance pursuant to Section 20.4 and fails to so maintain such insurance), such insurance shall be deemed to be self-insured with a deemed full waiver of subrogation as set forth in the immediately preceding sentence.

Appears in 2 contracts

Samples: Single Tenant Industrial Lease (Cymer Inc), Cymer Inc

Waiver of Insurers. Each party shall cause each property and loss of income insurance policy required to be obtained by it pursuant to Sections 20 and 21 this Lease to provide that the insurer waives all rights of recovery by way of subrogation against either Landlord or Tenant, as the case may be, in connection with any claims, losses and damages covered by such policy. If either party fails to maintain property or loss of income insurance required hereunder, such insurance shall be deemed to be self-insured with a deemed full waiver of subrogation as set forth in the immediately preceding sentence.

Appears in 2 contracts

Samples: Work Letter Agreement (Rainbow Technologies Inc), Office Lease (Mego Financial Corp)

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Waiver of Insurers. Each party shall cause each property and loss of income insurance policy required to be obtained by it pursuant to Sections 20 and 21 to provide that the insurer waives all rights of recovery by way of subrogation against either Landlord or Tenant, as the case may be, in connection with any claims, losses and damages covered by such policy. If either party fails to maintain property or loss TXXXXX XXXXX COURT, LA JOLLA [Orexigen Therapeutics, Inc.] of income insurance required hereunder, such insurance shall be deemed to be self-insured with a deemed full waiver of subrogation as set forth in the immediately preceding sentence.

Appears in 1 contract

Samples: Work Letter Agreement (Orexigen Therapeutics, Inc.)

Waiver of Insurers. Each party shall cause each property and loss of income insurance policy required to be obtained by it pursuant to Sections Section 20 and 21 to provide that the insurer waives all rights of recovery by way of subrogation against either Landlord or Tenant, as the case may be, in connection with any claims, losses and damages covered by such policy. If either party fails to maintain property or loss Each of income insurance required hereunder, Landlord and Tenant shall bear the costs associated with obtaining such insurance shall be deemed to be self-insured with a deemed full waiver of subrogation as set forth in the immediately preceding sentencefrom its insurance company.

Appears in 1 contract

Samples: Global Brass & Copper Holdings, Inc.

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