Anyone know if you can have two different campaigns in the same account that both bid on overlapping keywords if they both have different URLs?

Will they each trigger ads for the keywords they have in common?

I have a campaign for one client and I just got another client that has some similar keywords and I wonder if I can set up the new campaign in the same YSM account if there are different URLs being used in each campaign.

I couldn't find anything about this on the YSM site or terms.

Thanks!