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.

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.

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.

Waiver of Insurers. Each party shall cause each property and loss of income insurance policy (other than the 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 insurance required hereunderfor an insurable loss, such insurance loss shall be deemed to be self-insured with a deemed full waiver of subrogation as set forth in the immediately preceding sentence.