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Simple English definitions for legal terms

subrogation clause

Read a random definition: Lord Privy Seal

A quick definition of subrogation clause:

A subrogation clause is a part of an agreement that allows one party to pay for certain expenses related to the property and then recover those payments from future earnings. For example, in an oil and gas lease, the lessee may be allowed to pay taxes or mortgages on the property and then deduct those payments from the profits they make from the lease. This clause helps protect the interests of both parties and ensures that the property is properly maintained and managed.

A more thorough explanation:

A subrogation clause is a provision in a contract that allows one party to pay off certain debts or obligations on behalf of another party and then recover those payments from future proceeds. In the context of oil and gas leases, a subrogation clause may allow the lessee to pay taxes, mortgages, or other encumbrances on the leased property and then recoup those payments from the revenue generated by the lease.

Imagine that a company leases a piece of land for oil and gas exploration. The land has an outstanding mortgage that the lessor has failed to pay. The lessee may choose to pay off the mortgage in order to avoid any legal issues or complications with the lender. However, the subrogation clause in the lease would allow the lessee to recover the amount paid for the mortgage from the revenue generated by the lease.

Another example could be if the leased property has outstanding property taxes. The lessee could pay the taxes and then recover that payment from the revenue generated by the lease.

These examples illustrate how a subrogation clause can protect the lessee from financial liabilities associated with the leased property and ensure that they are able to recoup any payments made on behalf of the lessor.

subrogate | subrogative

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WorthlessAttractiveZombie
14:28
fuck alright
14:28
not this week
14:28
dont even get ur hopes up u fool im from the year 2076
TheMidwestMonger
14:28
I'm terrified with how the world will react to Trump losing
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
14:29
yes it is the key to immortality
TheMidwestMonger
14:29
Sorry, I meant the far right and their reaction lol
I live in alabama if she wins it's gonna be crazy here
14:30
same as last time whine that it was rigged go to court lose every time
good thing im bouncing next year
oh yeah
JumpySubsequentDolphin
14:31
why won’t ASU send my scholly info ☹️
WorthlessAttractiveZombie
14:31
they sent mine about 3 hours after i got the initial acceptance video thing
I just wanna hear back from them
14:31
the adcomm office got there at 10 am took a two hour lunch at 12 and left at 3:30 -- trust me im from the year 2076
lol
WorthlessAttractiveZombie
14:32
lavender, they should usually get back within a month of going complete
okie doke, thank u!
JumpySubsequentDolphin
14:35
@WorthlessAttractiveZombie: good to know! I thought I missed SMTH bc someone told me they got their admissions packet before the video lol
BulbasaurNoLikeCardio
14:35
I got school that have me under review for over a month... just hope it puts me in their first wave of As
TackyProudYogurt
14:39
Anyone know if asu releases decisions all at once or if they trickle out throughout the day?
WorthlessAttractiveZombie
14:39
I'm pretty sure it's a trickle because they send you a personalized video too
TackyProudYogurt
14:40
Ah okay so I do need to continue refreshing my email every 10 seconds
WorthlessAttractiveZombie
14:40
I would say potentially. I received my email/video around noon eastern time, and I've seen people get it past 5pm eastern
coolgirl
14:40
Does anyone know if pending decision means I’ll get a response soon? My status changed
WorthlessAttractiveZombie
14:41
oooh which school?
TheMidwestMonger
14:42
^^
BulbasaurNoLikeCardio
14:42
@coolgirl: does it say that on the lawhub portal? My one A this cycle it said pending decision on their applicant portal and that they will email me in 24hrs the results.
coolgirl
14:43
FAMU
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