subrogation clause

subrogation clause. Oil & gas. A provision in an oil-and-gas lease permitting the lessee to pay taxes, mortgages, or other encumbrances on the leased property and to recover those payments out of future proceeds under the lease.

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词条贡献者

法律翻译Daniel，毕业于英国一流的翻译学院，专注翻译各类与海商海事有关的法律文件。