Common Contracts
1 similar Subrogation Agreement contracts
SUBROGATION AGREEMENTSubrogation Agreement • June 6th, 2019
In consideration of the receipt by the undersigned Applicant(s) of the Grant Amount under the ReBuild NC Housing Recovery Program (the “Program”) being administered by NCORR, the Applicant(s) hereby assigns to NCORR all of his and/or her future rights to reimbursement and all payments which may be received under any Federal Emergency Management Agency (“FEMA”) program, Small Business Administration (“SBA”) program, policy of flood, casualty or property damage insurance, nonprofit donations or grants, or any other funding, or from claims or causes of action Applicant may have (“Proceeds”) related to physical damage to the Damaged Home (not including contents) caused by the Flood(s) that have not previously been included in the calculation of the Grant Amount. (Capitalized terms shall have the meanings given to them in the Grant Agreement(s) governing the Grant Amount executed by Applicant(s) on the same day as this Subrogation Agreement (“Agreement”).
