Common use of Mutual Waiver of Parties Clause in Contracts

Mutual Waiver of Parties. Notwithstanding anything to the contrary in this Lease, Landlord and Tenant hereby waive their rights against each other and their respective agents, contractors, employees, tenants, subtenants, successors, assignees with respect to any claims or damages or losses to any property which are caused by or result from any risk is actually insured against, which is required to be insured against under this Lease, or which would normally be covered by all risk property insurance, without regard to the negligence or willful misconduct of the entity so released. The foregoing waivers shall be in addition to, and not a limitation of, any other waivers or releases contained in this Lease. All of Landlord’s and Tenant’s repair covered or required to be covered by insurance, and indemnity obligations under this Lease shall be subject to the waiver contained in this paragraph, including by Tenant, any repairs necessary where Tenant’s vacating the Premises leads to Landlord’s loss of coverage for vandalism.