Common use of Waiver of Insurers Clause in Contracts

Waiver of Insurers. Each party shall cause each insurance policy (other than the commercial general liability insurance) required to be obtained by it pursuant to 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 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 3 contracts

Samples: Lease (Ddi Corp), Office Building Lease (Quest Software Inc), Office Building Lease (Emulex Corp /De/)

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Waiver of Insurers. Each party shall cause each insurance policy (other than the commercial general liability insurance) required to be obtained by it pursuant to this Lease 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 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 2 contracts

Samples: Office Lease (Websidestory Inc), Lease (Doubleclick Inc)

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Waiver of Insurers. Each party shall cause each insurance policy (other than the commercial general liability insurance) required to be obtained by it pursuant to this Lease Paragraphs 14 and 15 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 any such insurance required hereunderfor an insurable loss, such insurance loss shall be deemed to be self-self- insured with a deemed full waiver of subrogation as set forth in the immediately preceding sentence.

Appears in 1 contract

Samples: Office Lease Agreement (Performance Capital Management LLC)

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