Common use of Waiver of Right of Recovery Clause in Contracts

Waiver of Right of Recovery. Neither Landlord nor Tenant shall be liable to the other or to any insurance company (by way of subrogation or otherwise) insuring the other party for any loss or damage to any building, structure or other tangible property, or any resulting loss of income, or losses under worker's compensation laws and benefits, even though such loss or damage might have been occasioned by the negligence of such party, its agents or employees if any such loss or damage is covered by insurance benefitting the party suffering such loss or damage or was required to be covered by insurance pursuant to this Lease. ARTICLE 14

Appears in 2 contracts

Samples: Center Lease (Carrollton Bancorp), Center Lease (Carrollton Bancorp)

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Waiver of Right of Recovery. Neither Landlord nor Tenant shall be liable to the other or to any insurance company (by way of subrogation or otherwise) insuring the other party for any loss or damage to any building, structure or other tangible property, or any resulting loss of income, or losses under worker's compensation laws and benefits, even though such loss or damage might have been occasioned by the negligence of such party, its agents or employees employees. However, if by reason of the foregoing waiver, either party shall be unable to obtain any such loss or damage is covered insurance, such waiver shall be deemed not to have been made by insurance benefitting the party suffering such loss or damage or was required to be covered by insurance pursuant to this Lease. ARTICLE 14party.

Appears in 1 contract

Samples: Lease Agreement (Ashworth Inc)

Waiver of Right of Recovery. Neither Notwithstanding anything to the contrary contained elsewhere in this Lease, neither Landlord nor Tenant shall be liable to the other party or to any insurance company (by way of subrogation or otherwise) insuring the other party by way of subrogated rights or otherwise, for any loss or damage to caused by fire or any building, structure other hazard or other tangible propertyperil covered or insurable by fire and extended coverage or all risk insurance, or any resulting loss of income, or losses under worker's compensation laws and benefits, even though such loss or damage might may have been occasioned by the negligence of such party, its agents or employees if any such loss or damage is covered by insurance benefitting the party suffering such loss or damage or was required to be covered by insurance pursuant to this Lease. ARTICLE 14employees.

Appears in 1 contract

Samples: Play Co Toys & Entertainment Corp

Waiver of Right of Recovery. Neither Except as provided in Section 8.6., neither Landlord nor Tenant shall be liable to the other or to any insurance company (by way of subrogation or otherwise) insuring the other party for any loss or damage to any building, structure or other tangible property, or any resulting loss of income, or losses under worker's compensation laws and benefits, even though such loss or damage might have been occasioned by the negligence of such party, its agents or employees if any such loss or damage is covered by insurance benefitting employees. The provisions of this Section 13.7. shall not limit the party suffering such loss or damage or was required indemnification for liability to be covered by insurance third parties pursuant to this Lease. ARTICLE 14Section 13.1.

Appears in 1 contract

Samples: Lease Agreement (Ciao Cucina Corp)

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Waiver of Right of Recovery. Neither Except as provided in Section 8.6., neither Landlord nor Tenant shall be liable to the other or to any insurance company (by Xxx way of subrogation or otherwise) insuring the other party for any loss or damage to any building, structure or other tangible property, or any resulting loss of income, or losses under worker's compensation laws and benefits, even though such loss or damage might have been occasioned by the negligence of such party, its agents or employees if any such loss or damage is covered by insurance benefitting employees. The provisions of this Section 13.7. shall not limit the party suffering such loss or damage or was required indemnification for liability to be covered by insurance third parties pursuant to this Lease. ARTICLE 14Section 13.1.

Appears in 1 contract

Samples: Lease Agreement (Boston Restaurant Associates Inc)

Waiver of Right of Recovery. Neither Landlord nor Tenant shall be liable to the other or to any insurance company (or to Landlord as a self-insurer) (by way of subrogation or otherwise) insuring the other party for any loss or damage to any building, structure or other tangible property, or any resulting loss of income, or losses under worker's compensation laws and benefits, even though such loss or damage might have been occasioned by the negligence of such party, its agents or employees if any such loss or damage is covered by insurance benefitting employees. The provisions of this Section 9.05 shall not limit the party suffering such loss or damage or was required indemnification for liability to be covered by insurance third parties pursuant to this Lease. ARTICLE 14Section 9.04.

Appears in 1 contract

Samples: Lease Agreement (Savvis Communications Corp)

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