Common use of Waiver of Negligence; No Subrogation Clause in Contracts

Waiver of Negligence; No Subrogation. Landlord and Tenant each waives ------------------------------------ any claim it might have against the other for any injury to or death of any person or persons or damage to or theft, destruction, loss, or loss of use of any property (a "Loss"), to the extent the same is insured against under any insurance policy that covers the Building, the Premises, Landlord's or Tenant's fixtures, personal property, leasehold improvements, or business, or, in the case of Tenant's waiver, is required to be insured against under the terms hereof, regardless of whether the negligence of the other party caused such loss. Each party shall cause its insurance carrier to endorse all applicable policies waiving the carrier's rights of recovery under subrogation or otherwise against the other party.

Appears in 2 contracts

Samples: Lease Agreement (Wells Real Estate Fund Xii Lp), Lease Agreement (Wells Real Estate Fund Xii Lp)

AutoNDA by SimpleDocs

Waiver of Negligence; No Subrogation. Landlord and Tenant each waives ------------------------------------ any claim it might have against the other for any injury to or death of any person or persons or damage to or theft, destruction, loss, or loss of use of any property (a "Loss"), to the extent the same is insured against under any insurance policy that covers is required to be maintained hereunder or is otherwise maintained covering the BuildingComplex, the Premises, Landlord's ’s or Tenant's ’s fixtures, personal property, leasehold improvements, or business, or, in the case of Tenant's waiver, or is required to be insured against under the terms hereof, regardless of whether the negligence of the other party caused or contributed to such lossLoss. Each If necessary under their respective policies to be effective as provided in this subsection, each party shall cause its insurance carrier to endorse all applicable policies waiving the carrier's ’s rights of recovery under subrogation or otherwise against the other party.

Appears in 1 contract

Samples: Office Lease Agreement (Cray Inc)

Waiver of Negligence; No Subrogation. Landlord and Tenant each waives ------------------------------------ any claim it might have against the other for any injury to or death of any person or persons or damage to or theft, destruction, loss, or loss of use of any property (a "Loss"), to the extent the same is insured against under any insurance policy that covers the Building, the Premises, Landlord's or Tenant's fixtures, personal property, leasehold improvements, or business, or, in the case of Tenant's waiver, or is required to be insured against under the terms hereof, regardless of whether the negligence of the other party caused such lossLoss; however, Landlord's waiver shall not include any deductible amounts on insurance policies carried by Landlord. Each party shall cause its insurance carrier to endorse all applicable policies waiving the carrier's rights of recovery under subrogation or otherwise against the other party.

Appears in 1 contract

Samples: Lease Agreement (Art Technology Group Inc)

Waiver of Negligence; No Subrogation. To the extent permitted by law, Landlord and Tenant each waives ------------------------------------ any claim it might have against the other for any injury to or death of any person or persons or damage to or theft, destruction, loss, or loss of use of any property (a "Loss"), to the extent the same is insured against under any insurance policy that covers the Building, the Premises, Landlord's ’s or Tenant's ’s fixtures, personal property, leasehold improvements, or business, or, in the case of Tenant's waiver, is required to be insured against under the terms hereof, regardless of whether the negligence of the other party caused such lossLoss. Each party shall cause its insurance carrier to endorse all applicable policies waiving the carrier's ’s rights of recovery under subrogation or otherwise against the other party.

Appears in 1 contract

Samples: Lease Agreement (Soaring Eagle Acquisition Corp.)

Waiver of Negligence; No Subrogation. Landlord and Tenant each waives ------------------------------------ any claim it might have against the other for any injury to or death of any person or persons or damage to or theft, destruction, loss, or loss of use of any property (a "Loss"), to the extent the same is insured against under any insurance policy that covers the Building, the Premises, Landlord's ’s or Tenant's ’s fixtures, personal property, leasehold improvements, or business, or, in the case of Tenant's ’s waiver, is required to be insured against under the terms hereof, regardless of whether the negligence of the other party caused such lossLoss. Each party shall cause its insurance carrier to endorse all applicable policies waiving the carrier's ’s rights of recovery under subrogation or otherwise against the other party.

Appears in 1 contract

Samples: Lease Agreement (Harvard Bioscience Inc)

AutoNDA by SimpleDocs

Waiver of Negligence; No Subrogation. Landlord and Tenant each waives ------------------------------------ any claim it might have against the other for any injury to or death of any person or persons or damage to or theft, destruction, loss, or loss of use of any property (a "Loss"), to the extent the same is insured against under any insurance policy that covers the Building, the Premises, LandlordXxxxxxxx's or Tenant's fixtures, personal property, leasehold improvements, or business, or, in the case of Tenant's waiver, is required to be insured against under the terms hereof, ; regardless of whether the negligence of the other party caused such lossLoss; however, Landlord's waiver shall not include any deductible amounts on insurance policies carried by Landlord. Each party shall cause its insurance carrier to endorse all applicable policies waiving the carrier's rights of recovery under subrogation or otherwise against the other party.

Appears in 1 contract

Samples: Lease Agreement (Eschelon Telecom Inc)

Waiver of Negligence; No Subrogation. Landlord and Tenant each waives ------------------------------------ any claim it might have against the other for any injury to or death of any person or persons or damage to or theft, destruction, loss, or loss of use of any property (a "LossLOSS"), to the extent the same is insured against under any insurance policy that covers the Building, the Premises, Landlord's or Tenant's fixtures, personal property, leasehold improvements, or business, or, in the case of Tenant's waiver, is required to be insured against under the terms hereof, regardless of whether the negligence of the other party caused such lossLoss. Each party shall cause its insurance carrier to endorse all applicable policies waiving the carrier's rights of recovery under subrogation or otherwise against the other party.

Appears in 1 contract

Samples: Lease Agreement (Beyond Com Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.