Common use of Guarantors’ Rights of Subrogation, Contribution, Etc Clause in Contracts

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, or remedy arises in equity, under contract, by statute, under common law, or otherwise and including, without limitation, (a) any right of subrogation, reimbursement, or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf of Beneficiaries, and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiaries, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 6 contracts

Samples: Abl Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Franchise Group, Inc.), Credit Agreement (Franchise Group, Inc.)

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Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Loan Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Credit Party or any of its their assets in connection with this Guaranty Guarantee or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower any other Credit Party with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such Borrowerany other Credit Party, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Loan Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02Credit Party. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower any other Credit Party or against any collateral or security, and any rights of contribution that such Guarantor may have against any such other guarantorCredit Party, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such Borrower, other Credit Party and to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right that any Beneficiary Secured Party may have against such other guarantorCredit Party. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Secured Parties and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, the beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 6 contracts

Samples: First Amendment Agreement (Mogo Inc.), Revolving Credit and Guarantee Agreement (Mogo Finance Technology Inc.), Revolving Credit and Guarantee Agreement (Mogo Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash, the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty its Obligations Guarantee or the performance by such Guarantor of its obligations hereunderthereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification indemnity that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, including any such right of indemnity under Section 7.2(a), (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by or for the benefit of any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash, the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by under Section 7.027.2(b). Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnity and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification indemnity such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such Borrowerthe Borrower or any other Credit Party, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnity or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in Cash, all Commitments not having terminated and all Letters of Credit not having expired or been cancelled, such amount shall be held in trust for the Administrative Agent, on behalf for the benefit of Beneficiariesthe Secured Parties, and shall forthwith be paid over to the Administrative Agent, for the benefit of BeneficiariesSecured Parties, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 5 contracts

Samples: Credit and Guaranty Agreement (Entegris Inc), Credit and Guaranty Agreement (QualTek Services Inc.), Credit and Guaranty Agreement (QualTek Services Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 5 contracts

Samples: Credit and Guaranty Agreement (Speed Commerce, Inc.), Financing Agreement (Model N, Inc.), Credit and Guaranty Agreement (Speed Commerce, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, full and the Revolving Commitments shall have terminated each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, full and the Revolving Commitments shall have terminated each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 4 contracts

Samples: Credit and Guaranty Agreement (Vca Antech Inc), Credit and Guaranty Agreement (Vca Antech Inc), Credit and Guaranty Agreement (Vca Antech Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull (other than contingent indemnification obligations for which no claim has been made), each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower the Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, (ai) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower the Company with respect to the Guaranteed Obligations, (bii) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrowerthe Company, and (ciii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull (other than contingent indemnification obligations for which no claim has been made), each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower the Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrowerthe Company, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than contingent indemnification obligations for which no claim has been made) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf of Beneficiaries, the Beneficiaries and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiaries, Beneficiaries to be credited and applied ratably against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 4 contracts

Samples: Convertible Note Purchase Agreement (Redaptive, Inc.), Note Purchase Agreement (Redaptive, Inc.), Convertible Note Purchase Agreement (DoorDash Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than Remaining Obligations) shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations (other than Remaining Obligations) shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such any Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than Remaining Obligations) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 4 contracts

Samples: Second Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.), Credit and Guaranty Agreement (Corsair Gaming, Inc.), Credit and Guaranty Agreement (Corsair Gaming, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than Remaining Obligations) shall have been indefeasibly paid in fullfull and the Revolving Credit Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled or Cash Collateralized, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations (other than Remaining Obligations) shall have been indefeasibly paid in fullfull and the Revolving Credit Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled or Cash Collateralized, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such any Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than Remaining Obligations) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 4 contracts

Samples: First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.), First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.), First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash, the Commitments shall have terminated and all Letters of Credit shall have expired or been terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty its Obligations Guarantee or the performance by such Guarantor of its obligations hereunderthereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification indemnity that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, including any such right of indemnity under Section 7.2(a), (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such Borrower, the Borrower and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by or for the benefit of any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash, the Commitments shall have terminated and all Letters of Credit shall have expired or been terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by under Section 7.027.2(b). Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnity and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification indemnity such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantorGuarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such Borrowerthe Borrower or any other Credit Party, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantorGuarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnity or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in Cash, all Commitments not having terminated and all Letters of Credit not having expired or been terminated, such amount shall be held in trust for the Administrative Agent, on behalf for the benefit of Beneficiariesthe Secured Parties, and shall forthwith be paid over to the Administrative Agent, for the benefit of BeneficiariesSecured Parties, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Entegris Inc), Guaranty Agreement (Entegris Inc), Credit and Guaranty Agreement (Entegris Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, or remedy arises in equity, under contract, by statute, under common law, or otherwise and including, without limitation, (a) any right of subrogation, reimbursement, or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf of Beneficiaries, and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiaries, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 3 contracts

Samples: Credit Agreement (Liberty Tax, Inc.), Credit Agreement (Liberty Tax, Inc.), Credit Agreement (Franchise Group, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such any Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Vonage Holdings Corp), Credit and Guaranty Agreement (Vonage Holdings Corp), Credit and Guaranty Agreement (Syntax-Brillian Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullTermination Date, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunderhereunder (other than rights of contribution such Guarantor may have against any other guarantor of the Guaranteed Obligations as contemplated by Section 13.2), in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullTermination Date, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.0213.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such the Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullprior to the Termination Date, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Secured Parties and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Secured Parties to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 3 contracts

Samples: First Lien Credit and Guaranty Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash and the Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty its Obligations Guarantee or the performance by such Guarantor of its obligations hereunderthereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification indemnity that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, including any such right of indemnity under Section 7.2(a), (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by or for the benefit of any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash, the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by under Section 7.027.2(b). Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnity and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification indemnity such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantorGuarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such Borrowerthe Borrower or any other Guarantor, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantorGuarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnity or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in Cash and all Commitments not having terminated, such amount shall be held in trust for the Administrative Agent, on behalf for the benefit of Beneficiariesthe Secured Parties, and shall forthwith be paid over to the Administrative Agent, for the benefit of BeneficiariesSecured Parties, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof. No Guarantor will assert any right, claim or cause of action, including, without limitation, a claim of subrogation, contribution or indemnification that it has against any Credit Party, or any Collateral, until the Obligations shall have been indefeasibly paid in full in Cash and the Commitments shall have terminated.

Appears in 3 contracts

Samples: And Guaranty Agreement (GWG Holdings, Inc.), Credit and Guaranty Agreement (GWG Holdings, Inc.), And Guaranty Agreement (GWG Holdings, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Borrowers or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Borrowers with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerBorrowers, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Borrowers or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerBorrowers, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Cit Group Inc), Collateral Agreement (Cit Group Inc), Credit and Guaranty Agreement (Cit Group Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Stanadyne Corp), Term Loan and Guaranty Agreement (Fedders Corp /De)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives agrees not to enforce or exercise any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Secured Parties and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Secured Parties to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Mills Limited Partnership), Credit and Guaranty Agreement (Mills Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until all of the Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each the Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such the Guarantor now has or may hereafter have against a Borrower or any other Guarantor the [Other] Canadian Borrower[s] or any of its [its] [their] assets in connection with this Guaranty Guarantee or the performance by such the Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such the Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations[Other] Canadian Borrower[s], and (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary the Administrative Agent or the Canadian Lender now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiarythe [Other] Canadian Borrower[s]. In addition, until all of the Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each the Guarantor shall withhold exercise of any right of contribution such the Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each The Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such the Guarantor may have against such Borrower or against any collateral or securitythe [Other] Canadian Borrower[s], and any rights of contribution such the Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary the Administrative Agent or the Canadian Lender may have against such Borrower, to all right, title, and interest any Beneficiary may have in any such collateral or securitythe [Other] Canadian Borrower[s], and to any right any Beneficiary the Administrative Agent or the Canadian Lender may have against such other guarantor. If any amount shall be paid to any the Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all prior to Payment in Full of the Guaranteed Obligations shall not have been finally and indefeasibly paid in fullObligations, such amount shall be held in trust for the Administrative Agent, on behalf of Beneficiaries, Agent and shall forthwith be paid over to the Administrative Agent, for the benefit of Beneficiaries, Agent to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit Agreement (Schnitzer Steel Industries Inc), Credit Agreement (Schnitzer Steel Industries Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than contingent indemnity obligations not then due and payable) shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter 107 held by any Beneficiary. In addition, until the Guaranteed Obligations (other than contingent indemnity obligations not then due and payable) shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than contingent indemnity obligations not then due and payable) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Prommis Solutions Holding Corp.), Credit and Guaranty Agreement (Prommis Solutions Holding Corp.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Each Guarantor ---------------------------------------------------- hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Company or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statutestatute (including without limitation under California Civil Code Section 2847, 2848 or 2849), under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsCompany, (b) any right to enforce, or to participate in, any claim, right, right or remedy that Agent or any Beneficiary Bank now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by Agent or any BeneficiaryBank. In addition, until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in fullfull and all letters of credit issued under the Credit Agreement shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, Guarantied Obligations (including without limitation, limitation any such right of contribution as contemplated by under California Civil Code Section 7.022848 or under subsection 2.2(b)). Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights Agent or any Beneficiary Bank may have against such BorrowerCompany, to all right, title, title and interest Agent or any Beneficiary Bank may have in any such collateral or security, and to any right Agent or any Beneficiary Bank may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Guarantied Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Banks and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Banks to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Pledge Agreement (Cb Richard Ellis Services Inc), Pledge Agreement (Cb Commercial Real Estate Services Group Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives the Company shall withhold exercise of (a) any claim, right, right or remedy, direct or indirect, that such Guarantor the Company now has or may hereafter have against a Borrower or any other Guarantor McKesson Canada or any of its assets in connection with this Company Guaranty or the performance by such Guarantor the Company of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statutestatute (including without limitation under California Civil Code Section 2847, 2848 or 2849), under common law, law or otherwise and including, including without limitation, limitation (ai) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor the Company now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsMcKesson Canada, (bii) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Agent or any Lender now has or may hereafter have against such BorrowerMcKesson Canada, and (ciii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In additionAgent or any Lender, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of and (b) any right of contribution such Guarantor the Company may have against any other guarantor of the Guarantied Obligations (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, limitation any such right of contribution as contemplated by under California Civil Code Section 7.022848). Each Guarantor The Company further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor the Company may have against such Borrower McKesson Canada or against any collateral or security, and any rights of contribution such Guarantor the Company may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Agent or any Lender may have against such BorrowerMcKesson Canada, to all right, title, title and interest any Beneficiary Agent or any Lender may have in any such collateral or security, and to any right any Beneficiary Agent or any Lender may have against such other guarantor. Each Agent, on behalf of Lenders, may use, sell or dispose of any item of collateral or security as it sees fit without regard to any subrogation rights the Company may have, and upon any such disposition or sale any rights of subrogation against such collateral the Company may have shall terminate. If any amount shall be paid to any Guarantor the Company on account of any such subrogation, reimbursement, indemnification, reimbursement or contribution indemnification rights at any time when all Guaranteed Guarantied Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Lenders and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, the Lenders to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit Agreement (McKesson Corp), Credit Agreement (McKesson Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Subordination of Other Obligations. Until the Guaranteed Guarantied Obligations (other than Unasserted Obligations) shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives shall withhold exercise of (a) any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Company or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under Guaranty contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (ai) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsCompany, (bii) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (ciii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of Beneficiary and (b) any right of contribution such Guarantor now has or may hereafter have against any other guarantor (including of any other Guarantor) of the Guaranteed Guarantied Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Guarantied Party or the other Beneficiaries may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary Guarantied Party or the other Beneficiaries may have in any such collateral or security, and to any right any Beneficiary Guarantied Party or the other Beneficiaries may have against such other guarantor. If Any indebtedness of Company now or hereafter held by any Guarantor is subordinated in right of payment to the Guarantied Obligations, and any such indebtedness of Company to a Guarantor collected or received by such Guarantor after an Event of Default has occurred and is continuing, and any amount shall be paid to any a Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time referred to in the preceding paragraph when all Guaranteed Guarantied Obligations shall have not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Guarantied Party on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Guarantied Party for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (SafeNet Holding Corp), Assignment and Assumption (SafeNet Holding Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Subsidiary Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Subsidiary Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty Loan Guarantee or the performance by such Subsidiary Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Subsidiary Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Subsidiary Guarantor shall withhold exercise of any right of contribution such Subsidiary Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Subsidiary Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Subsidiary Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Subsidiary Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Subsidiary Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Euramax International, Inc.), Credit and Guaranty Agreement (Euramax International, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull (other than contingent indemnification obligations for which no claim has been made and Obligations under or in respect of Secured Swap Agreements) and the Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty Guarantee or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (ai) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (bii) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, and (ciii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull (other than contingent indemnification obligations for which no claim has been made or Obligations under or in respect of Secured Swap Agreements) and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such the Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than contingent indemnification obligations for which no claim has been made or Obligations under or in respect of Secured Swap Agreements) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (LendingClub Corp), Credit and Guaranty Agreement (LendingClub Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall will have been indefeasibly paid in fullfull in cash, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall will have been indefeasibly paid in fullfull in cash, each Guarantor shall will withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall will be junior and subordinate to any rights any Beneficiary Secured Party may have against such the Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall will be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall will not have been finally and indefeasibly paid in full, such amount shall will be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Secured Parties and shall will forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Secured Parties to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof. Further, in accordance with Section 2856 of the California Civil Code, to the extent applicable, each Guarantor waives any and all rights and defenses available to it by reason of Sections 2787 to 2855, inclusive, of the California Civil Code (this sentence is included solely out of an abundance of caution, and shall not be construed to mean that any of the above-referenced provisions of California law are in any way applicable to this Guaranty or to any of the Guaranteed Obligations).

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Cohu Inc), Credit and Guaranty Agreement (Cohu Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullTermination Date, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Project    Description    Agreement (Covanta Holding Corp), Credit and Guaranty Agreement (Covanta Holding Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and all Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, full and the Commitments shall have terminated each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Focal Communications Corp), Credit and Guaranty Agreement (Focal Communications Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower acting in such capacity or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against any Borrower acting in such Borrower capacity with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against any Borrower acting in such Borrowercapacity, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against any Borrower acting in such Borrower capacity or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against any Borrower acting in such Borrowercapacity, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Counterpart Agreement (Och-Ziff Capital Management Group LLC), Governance Agreement (Och-Ziff Capital Management Group LLC)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives to the extent permitted by applicable law, any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Second Lien Credit and Guaranty Agreement (Arizona Chemical Ltd.), Counterpart Agreement (Arizona Chemical Ltd.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than Remaining Obligations) shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations (other than Remaining Obligations) shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such the Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than Remaining Obligations) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Secured Parties and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Secured Parties to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereofhereof and of the other Credit Documents.

Appears in 2 contracts

Samples: Term Loan Credit and Guaranty Agreement (2U, Inc.), Term Loan Credit and Guaranty Agreement (2U, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the applicable Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives waives, to the maximum extent permitted by applicable law, any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the applicable Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the applicable Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired (without any pending drawing) or been cancelled, each Guarantor shall shall, to the maximum extent permitted by applicable law, withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the applicable Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such any Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all applicable Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, the Beneficiaries to be credited and applied against the applicable Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Lannett Co Inc), Credit and Guaranty Agreement (Lannett Co Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives agrees not to exercise any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary the Lender now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiarythe Lender. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.0210.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary the Lender may have against such the Borrower, to all right, title, title and interest any Beneficiary the Lender may have in any such collateral or security, and to any right any Beneficiary the Lender may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf of Beneficiaries, the Lender and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiaries, Lender to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Working Capital Facility (Reliant Energy Inc), Assignment and Assumption (Reliant Energy Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull in Cash, subject to Section 7.12, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such the Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid Paid in fullFull, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (TiVo Corp), Credit and Guaranty Agreement (TiVo Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the applicable Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Guaranteed Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiaryGuaranteed Party. In addition, until the applicable Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the applicable Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Guaranteed Party may have against such the Borrower, to all right, title, title and interest any Beneficiary Guaranteed Party may have in any such collateral or security, and to any right any Beneficiary Guaranteed Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all applicable Guaranteed Obligations shall not have been finally and indefeasibly paid Paid in fullFull, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Guaranteed Parties and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, the Guaranteed Parties to be credited and applied against the applicable Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit Agreement (PVH Corp. /De/), Credit Agreement (PVH Corp. /De/)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled or Cash collateralized in accordance with Section 2.4(i), each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled or Cash collateralized in accordance with Section 2.4(i), each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Gramercy Property Trust Inc.), Credit and Guaranty Agreement (Gramercy Property Trust Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until To the extent permitted by applicable Law, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull (other than (x) obligations under Hedge Agreements and Cash Management Agreements not yet due and payable, and (y) contingent indemnification obligations not yet accrued and payable) and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled (or back-up standby letters of credit in form and substance reasonably satisfactory to Issuing Bank or deposits of Cash Collateral in respect of all Letters of Credit shall have been furnished to Issuing Bank), each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull (other than (x) obligations under Hedge Agreements and Cash Management Agreements not yet due and payable, and (y) contingent indemnification obligations not yet accrued and payable) and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled (or back-up standby letters of credit in form and substance reasonably satisfactory to Issuing Bank or deposits of Cash Collateral in respect of all Letters of Credit shall have been furnished to Issuing Bank), each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull (other than (x) obligations under Hedge Agreements and Cash Management Agreements not yet due and payable, and (y) contingent indemnification obligations not yet accrued and payable), such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the applicable Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (IMS Health Holdings, Inc.), Credit and Guaranty Agreement (IMS Health Holdings, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Guarantied Obligations (other than indemnification obligations not due and payable) have been satisfied or paid in full and the Commitments terminated and all Letters of Credit shall have expired or been indefeasibly paid in fullcanceled, each Guarantor hereby waives and agrees that it shall not assert or seek or be entitled to any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor the Company or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, (a) any right of subrogation, reimbursement, contribution or indemnification that such Guarantor now has or may hereafter have against such Borrower the Company with respect to the Guaranteed Guarantied Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrower, the Company and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by by, on behalf of or for any Beneficiary. In addition, until the Guaranteed Guarantied Obligations (other than indemnification obligations not due and payable) shall have been indefeasibly satisfied or paid in fullfull and the Commitments shall have terminated and all Letters of Credit shall have expired or been canceled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, Guarantied Obligations (including, without limitation, any such right of contribution as contemplated by Section 7.02under subsection 2.2(b)). Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution with respect to the Guarantied Obligations as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, contribution or indemnification such Guarantor may have against the Company, any such Borrower other guarantor or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrowerthe Company, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights with respect to the Guarantied Obligations at any time when all Guaranteed of the Guarantied Obligations (other than indemnification obligations not due and payable) shall not have been finally and indefeasibly satisfied or paid in fullfull and the Commitments shall not have terminated and all Letters of Credit shall have not expired or been canceled, such amount shall be held in trust for Administrative Agent, and on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Guaranty (Chippac Inc), Chippac LTD

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in cash and the Term Loan Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor guarantor (including any other Guarantor) of the Obligations or any of its assets in connection with this Guaranty its Obligations Guarantee or the performance by such Guarantor guarantor of its obligations hereunderthereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification indemnity that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, including any such right of indemnity under Section 7.2(a), (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by or for the benefit of any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in cash and the Term Loan Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by under Section 7.027.2(b). Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnity and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification indemnity such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such the Borrower, any other Credit Party or Alon Assets, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnity or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in cash and all Term Loan Commitments not having terminated, such amount shall be held in trust for the Administrative Agent, on behalf for the benefit of Beneficiariesthe Secured Parties, and shall forthwith be paid over to the Administrative Agent, for the benefit of BeneficiariesSecured Parties, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 2 contracts

Samples: Counterpart Agreement (Alon USA Partners, LP), Credit and Guaranty Agreement (Alon USA Energy, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.0214.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Secured Parties and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Secured Parties to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Sanmina-Sci Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than contingent indemnification obligations not yet due or owing) shall have been indefeasibly paid in fullfull in cash and the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, replaced or Cash Collateralized, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower the Borrowers or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower the Borrowers with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrowerthe Borrowers, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations (other than contingent indemnification obligations not yet due or owing) shall have been indefeasibly paid in fullfull in cash and the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, replaced or Cash Collateralized, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.0210.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower the Borrowers or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrowerthe Borrowers, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, the Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereofhereof and of the other Loan Documents.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Varex Imaging Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the earlier to occur of (i) such time that Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated or (ii) the Guaranty Fall-Away Date, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) PARENT GUARANTY (US$1,100,000,000 CREDIT AGREEMENT) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the earlier to occur of (i) such time that the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated or (ii) the Guaranty Fall-Away Date, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.022.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, the Guaranteed Party on behalf of Beneficiaries, the Beneficiaries and shall forthwith be paid over to Administrative Agent, the Guaranteed Party for the benefit of Beneficiaries, the Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Confer Personal Jurisdiction Over (Assurant Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Account Party or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Account Party with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerAccount Party, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Account Party or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerAccount Party, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (Education Management Corporation)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunderhereunder for so long (but only for so long) as any Obligation of any Credit Party remains outstanding, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, full and the Commitments shall have terminated each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, guarantied party on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, guarantied party for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Allegiance Telecom Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than contingent indemnity obligations not then due and payable) shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Lender now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiaryLender. In addition, until the Guaranteed Obligations (other than contingent indemnity obligations not then due and payable) shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Lender may have against such Borrower, to all right, title, title and interest any Beneficiary Lender may have in any such collateral or security, and to any right any Beneficiary Lender may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than contingent indemnity obligations not then due and payable) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf of Beneficiaries, the Lenders and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiaries, Lenders to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Purchase Agreement (Prommis Solutions Holding Corp.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Each ---------------------------------------------------- Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Company or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsCompany, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, Guarantied Obligations (including any such right of contribution as contemplated by Section 7.02under subsection 2.2(b)). Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Guarantied Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Guarantied Party on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Guarantied Party for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Subsidiary Guaranty (Pantry Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Term Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Borrowers or any other Guarantor guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Borrowers with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that the Administrative Agent and/or any Beneficiary Lender now has or may hereafter have against such BorrowerBorrowers, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by the Administrative Agent and/or any BeneficiaryLender. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Term Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Borrowers or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights the Administrative Agent and/or any Beneficiary Lender may have against such BorrowerBorrowers, to all right, title, title and interest the Administrative Agent and/or any Beneficiary Lender may have in any such collateral or security, and to any right the Administrative Agent and/or any Beneficiary Lender may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, on behalf for the ratable benefit of Beneficiariesthe Lenders, and shall forthwith be paid over to the Administrative Agent, Agent for the ratable benefit of Beneficiaries, the Lenders to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Pharma, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Company or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statutestatute (including under California Civil Code Section 2847, 2848 or 2849), under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsCompany, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, Guarantied Obligations (including any such right of contribution as contemplated by under California Civil Code Section 7.022848 or under subsection 2.2(b). Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Guarantied Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Guarantied Party on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Guarantied Party for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Regent Communications Inc

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Borrowers or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Borrowers with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerBorrowers, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Borrowers or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerBorrowers, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.. 129

Appears in 1 contract

Samples: Lease Agreement (Cit Group Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives shall withhold exercise of (a) any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Company or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (ai) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsCompany, (bii) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (ciii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of Beneficiary and (b) any right of contribution such Guarantor now has or may hereafter have against any other guarantor (including of any other Guarantor) of the Guaranteed Guarantied Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Guarantied Party or the other Beneficiaries may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary Guarantied Party or the other Beneficiaries may have in any such collateral or security, and to any right any Beneficiary Guarantied Party or the other Beneficiaries may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf of Beneficiaries, and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiaries, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Oxford Health Plans Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, *** Certain confidential information has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Financing Agreement (Federal Signal Corp /De/)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives shall not assert, and shall withhold the expense of, any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower the Company or any other Guarantor or any of its the Company’s or any other Guarantor’s assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursementcontribution, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsCompany or any other Guarantor, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Noteholder now has or may hereafter have against such Borrowerthe Company or any other Guarantor, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02Noteholder. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursementcontribution, indemnification, reimbursement and contribution indemnification as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower the Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantorGuarantor, shall be junior and subordinate to any rights any Beneficiary Noteholder may have against such Borrowerthe Company, to all right, title, title and interest any Beneficiary Noteholder may have in any such collateral or security, and to any right any Beneficiary Noteholder may have against such other guarantorGuarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Guarantied Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf the benefit of Beneficiaries, the Noteholders and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiaries, Noteholders to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Subsidiary Guaranty (Parsons Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives the Company shall withhold exercise of (a) any claim, right, right or remedy, direct or indirect, that such Guarantor the Company now has or may hereafter have against a Borrower or any other Guarantor McKesson Canada or any of its assets in connection with this Company Guaranty or the performance by such Guarantor the Company of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statutestatute (including under California Civil Code Section 2847, 2848 or 2849), under common law, law or otherwise and including, without limitation, including (ai) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor the Company now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsMcKesson Canada, (bii) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Agent or any Lender now has or may hereafter have against such BorrowerMcKesson Canada, and (ciii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In additionAgent or any Lender, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of and (b) any right of contribution such Guarantor the Company may have against any other guarantor of the Guarantied Obligations (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by under California Civil Code Section 7.022848). Each Guarantor The Company further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor the Company may have against such Borrower McKesson Canada or against any collateral or security, and any rights of contribution such Guarantor the Company may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Agent or any Lender may have against such BorrowerMcKesson Canada, to all right, title, title and interest any Beneficiary Agent or any Lender may have in any such collateral or security, and to any right any Beneficiary Agent or any Lender may have against such other guarantor. Each Agent, on behalf of Lenders, may use, sell or dispose of any item of collateral or security as it sees fit without regard to any subrogation rights the Company may have, and upon any such disposition or sale any rights of subrogation against such collateral the Company may have shall terminate. If any amount shall be paid to any Guarantor the Company on account of any such subrogation, reimbursement, indemnification, reimbursement or contribution indemnification rights at any time when all Guaranteed Guarantied Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Lenders and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, the Lenders to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (McKesson Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.3. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such the Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantorguarantor (including any Guarantor). If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Secured Parties and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Secured Parties to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Source Interlink Companies Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and all Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, (a) limitation any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash and the Tranche B Term Loan Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrowerthe , to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in Cash, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Equinix Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower any Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower any Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrowerany Company, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower any Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrowerthe Companies, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Lease Agreement (OneWater Marine Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Subordination of ----------------------------------------------------------------------- Other Obligations. Each Guarantor hereby waives any claim, right, right or remedy, direct or ----------------- indirect, that such Guarantor now has or may hereafter have against a the Borrower, LSIFCS, any other Guarantor, any other Subsidiary of Borrower or any other Guarantor or any of its their respective assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statutestatute (including under California Civil Code Section 2847, 2848 or 2849), under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsBorrower, LSIFCS, any other Guarantor or any other Subsidiary of the Borrower, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, LSIFCS, any other Guarantor or any other Subsidiary of the Borrower and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in full, the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including of any other Guarantor) of the Guaranteed Guarantied Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower, LSIFCS, any other Guarantor or any other Subsidiary of the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary the Guarantied Party or the other Beneficiaries may have against such the Borrower, LSIFCS, any other Guarantor or any other Subsidiary of the Borrower, to all right, title, title and interest any Beneficiary the Guarantied Party or the other Beneficiaries may have in any such collateral 7 Guaranty or security, and to any right any Beneficiary the Guarantied Party or the other Beneficiaries may have against such other guarantor. If Any indebtedness of the Borrower, LSIFCS, any other Guarantor or any other Subsidiary of the Borrower now or hereafter held by any Guarantor is subordinated in right of payment to the Guarantied Obligations, and any such indebtedness of the Borrower, LSIFCS, any other Guarantor or any other Subsidiary of the Borrower to a Guarantor collected or received by such Guarantor after an Event of Default has occurred and is continuing, and any amount shall be paid to any a Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time referred to in the preceding paragraph when all Guaranteed Guarantied Obligations shall have not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, the Guarantied Party on behalf of Beneficiaries, the Beneficiaries and shall forthwith be paid over to Administrative Agent, the Guarantied Party for the benefit of Beneficiaries, the Beneficiaries to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Guaranty (Levi Strauss & Co)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, full and the Revolving Commitments shall have terminated each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Vca Antech Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Subordination of Other Obligations. Until the Guaranteed Guarantied Obligations shall have ---------------------------------- been indefeasibly paid in full, each the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, no Guarantor hereby waives shall exercise any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower the Borrower, FinServ or any other Guarantor or any of its their respective assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statutestatute (including, without limitation, under California Civil Code Section 2847, 2848 or 2849), under common law, law or otherwise and including, without limitation, (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligationsor FinServ, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrowerthe Borrower or FinServ, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or FinServ or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary the Guarantied Party or the other Beneficiaries may have against such Borrowerthe Borrower or FinServ, to all right, title, title and interest any Beneficiary the Guarantied Party or the other Beneficiaries may have in any such collateral or security, and to any right any Beneficiary the Guarantied Party or the other Beneficiaries may have against such other guarantor. If Any indebtedness of the Borrower or FinServ now or hereafter held by any Guarantor is subordinated in right of payment to the Guarantied Obligations, and any such indebtedness of the Borrower or FinServ to a Guarantor collected or received by such Guarantor after an Event of Default has occurred and is continuing, and any amount shall be paid to any a Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time referred to in the preceding paragraph when all Guaranteed Guarantied Obligations shall have not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, the Guarantied Party on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, the Guarantied Party for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Levi Strauss & Co

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the applicable Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any applicable Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations | || 171 hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any applicable Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the applicable Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor Guarantor (including any other Guarantor) of the applicable Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantorGuarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such any Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantorGuarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all applicable Guaranteed Obligations shall not have been finally and indefeasibly paid Paid in fullFull, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Secured Parties and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, the Secured Parties to be credited and applied against the applicable Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (PVH Corp. /De/)

Guarantors’ Rights of Subrogation, Contribution, Etc. Subordination of Other Obligations. Until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled or collateralized with cash or a letter of credit, each Guarantor hereby waives shall withhold exercise of (a) any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Company or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (ai) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsCompany, (bii) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (ciii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of Beneficiary and (b) any right of contribution such Guarantor now has or may hereafter have against any other guarantor (including of any other Guarantor) of the Guaranteed Guarantied Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Guarantied Party or the other Beneficiaries may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary Guarantied Party or the other Beneficiaries may have in any such collateral or security, and to any right any Beneficiary Guarantied Party or the other Beneficiaries may have against such other guarantor. If Any indebtedness of Company now or hereafter held by any Guarantor is subordinated in right of payment to the Guarantied Obligations, and any such indebtedness of Company to a Guarantor collected or received by such Guarantor after an Event of Default has occurred and is continuing, and any amount shall be paid to any a Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time referred to in the preceding paragraph when all Guaranteed Guarantied Obligations shall have not have been finally and indefeasibly paid in full, such amount any Lender shall have any Commitment or any Swap Counterparty shall have any obligation under any Lender Swap Agreement, shall be held in trust for Administrative Agent, Guarantied Party on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Guarantied Party for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (FTD Group, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Global Crossing LTD)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunderhereunder (other than rights of contribution such Guarantor may have against any other guarantor of the Guaranteed Obligations as contemplated by Section 7.02), in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such the Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Counterpart Agreement (RadNet, Inc.)

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Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each SUBORDINATION OF OTHER OBLIGATIONS. Each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Company or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statutestatute (including without limitation under California Civil Code Section 2847, 2848 or 2849), under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsCompany, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including of any other Guarantor) of the Guaranteed Guarantied Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Guarantied Party or the other Beneficiaries may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary Guarantied Party or the other Beneficiaries may have in any such collateral or security, and to any right any Beneficiary Guarantied Party or the other Beneficiaries may have against such other guarantor. If Any indebtedness of Company now or hereafter held by any Guarantor is subordinated in right of payment to the Guarantied Obligations, and any such indebtedness of Company to a Guarantor collected or received by such Guarantor after an Event of Default has occurred and is continuing, and any amount shall be paid to any a Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time referred to in the preceding paragraph when all Guaranteed Guarantied Obligations shall have not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Guarantied Party on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Guarantied Party for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Security Agreement (Urs Corp /New/)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and all Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that the Administrative Agent or any Beneficiary other Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by the Administrative Agent or any Beneficiaryother Secured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and all Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.0210.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights the Administrative Agent or any Beneficiary other Secured Party may have against such the Borrower, to all right, title, title and interest any Beneficiary the Secured Parties may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf of Beneficiaries, and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiaries, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.113

Appears in 1 contract

Samples: And Guaranty Agreement (U.S. Concrete, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Company or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsCompany, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, in each case until the Guaranteed Guarantied Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled. Further, until such time, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Guarantied Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any 8 209 collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Guarantied Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Guarantied Party on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Guarantied Party for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Security Agreement (Horseshoe Gaming Holding Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.022. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such the Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Lien Guaranty (Pacific Energy Resources LTD)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled or Cash collateralized in accordance with Section 2.4(i), each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or 100 security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled or Cash collateralized in accordance with Section 2.4(i), each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such any Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (New GGP, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor hereby waives waives, to the fullest extent permitted by applicable law, any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, contribution or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such the Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid Paid in fullFull, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Covia Holdings Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives to the extent permitted by applicable law, any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty Guarantee or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or 119 hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral Collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral Collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Kraton Performance Polymers, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash, the Commitments shall ​ 212 ​ have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty its Obligations Guarantee or the performance by such Guarantor of its obligations hereunderthereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification indemnity that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, including any such right of indemnity under Section 7.2(a), (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by or for the benefit of any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash, the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by under Section 7.027.2(b). Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnity and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification indemnity such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such Borrowerthe Borrower or any other Credit Party, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnity or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in Cash, all Commitments not having terminated and all Letters of Credit not having expired or been cancelled, such amount shall be held in trust for the Administrative Agent, on behalf for the benefit of Beneficiariesthe Secured Parties, and shall forthwith be paid over to the Administrative Agent, for the benefit of BeneficiariesSecured Parties, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (QualTek Services Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Madison Square Garden Co)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower XXXX or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower XXXX with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Xxxxxxx Xxxxx now has or may hereafter have against such BorrowerXXXX, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiaryXxxxxxx Xxxxx. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower XXXX or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Xxxxxxx Xxxxx may have against such BorrowerXXXX, to all right, title, title and interest any Beneficiary Xxxxxxx Xxxxx may have in any such collateral or security, and to any right any Beneficiary Xxxxxxx Sachs may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf of Beneficiaries, Xxxxxxx Xxxxx and shall forthwith be paid over to Administrative Agent, Xxxxxxx Sachs for the benefit of Beneficiaries, Xxxxxxx Xxxxx to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Reimbursement and Guaranty Agreement (Delek US Holdings, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash, the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty its Obligations Guarantee or the performance by such Guarantor of its obligations hereunderthereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common lawlaw or otherwise, or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification indemnity that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, including any such right of indemnity under Section 7.2(a), (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such Borrower, the Borrower and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by or for the benefit of any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash, the Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold forego exercise of any right of contribution such Guarantor may have against any other guarantor of the Obligations (including any other Guarantor) of the Guaranteed Obligations), including, without limitation, including any such right of contribution as contemplated by under Section 7.027.2(b). Each Guarantor further agrees that, to the extent the waiver or agreement to withhold forego the exercise of its rights of subrogation, reimbursement, indemnification, indemnity and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification indemnity such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such Borrowerthe Borrower or any other guarantor, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnity or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in Cash, all Commitments not having terminated and all Letters of Credit not having expired or been cancelled, such amount shall be held in trust for the General Administrative Agent, on behalf for the benefit of Beneficiariesthe Secured Parties, and shall forthwith be paid over to the General Administrative Agent, for the benefit of BeneficiariesSecured Parties, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Tivity Health, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated, each Guarantor Credit Party hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Credit Party or any of its assets in connection with this Guaranty or the performance by such Guarantor Credit Party of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor Credit Party now has or may hereafter have against such Borrower any other Credit Party with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrowerany other Credit Party, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated, each Guarantor Credit Party shall withhold exercise of any right of contribution such Guarantor Credit Party may have against any other guarantor obligor (including any other GuarantorCredit Party) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor Credit Party further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor Credit Party may have against such Borrower any other Credit Party or against any collateral or security, and any rights of contribution such Guarantor Credit Party may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrowerany Credit Party, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor Credit Party on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.. 109

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Primo Water Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Entravision Communications Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled (unless a Letter of Credit backstop is in place), each Guarantor hereby waives waives, to the extent permitted by applicable law, its right to enforce any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled (unless a Letter of Credit Backstop is in place), each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall not have been finally and indefeasibly paid in fullfull and all Letters of Credit have not been cancelled or terminated (unless a Letter of Credit Backstop is in place), such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Bz Intermediate Holdings LLC)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than indemnities and expense reimbursement obligations which, in either case, are not then due and payable) shall have been indefeasibly paid in fullfull in cash in accordance with their terms and the Total Revolving Loan Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Guaranteed Creditor now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiaryGuaranteed Creditor. In addition, until the Guaranteed Obligations (other than indemnities and expense reimbursement obligations which, in either case, are not then due and payable) shall have been indefeasibly paid in fullfull in cash in accordance with their terms and the Total Revolving Loan Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.0216.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantorguarantor (including any other Guarantor), shall be junior and subordinate to any rights any Beneficiary Guaranteed Creditor may have against such any Borrower, to all right, title, title and interest any Beneficiary Guaranteed Creditor may have in any such collateral or security, and to any right any Beneficiary Guaranteed Creditor may have against such other guarantorguarantor (including any other Guarantor). If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in cash in accordance with their terms, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Guaranteed Creditors and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Guaranteed Creditors to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.. 16.07

Appears in 1 contract

Samples: Credit Agreement (CVR Energy Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the applicable Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now 170 has or may hereafter have against a any applicable Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any applicable Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the applicable Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor Guarantor (including any other Guarantor) of the applicable Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantorGuarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such any Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantorGuarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all applicable Guaranteed Obligations shall not have been finally and indefeasibly paid Paid in fullFull, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Secured Parties and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, the Secured Parties to be credited and applied against the applicable Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Phillips Van Heusen Corp /De/)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed ---------------------------------------------------- Guarantied Obligations shall have been indefeasibly paid in fullfull and the Facility A Commitments shall have terminated, each Guarantor hereby waives the Company shall withhold exercise of (a) any claim, right, right or remedy, direct or indirect, that such Guarantor the Company now has or may hereafter have against a Borrower or any other Guarantor Medis or any of its assets in connection with this Guaranty or the performance by such Guarantor the Company of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statutestatute (including without limitation under California Civil Code Section 2847, 2848 or 2849), under common law, law or otherwise and including, including without limitation, limitation (ai) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor the Company now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsMedis, (bii) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Agent or any Bank now has or may hereafter have against such BorrowerMedis, and (ciii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In additionAgent or any Bank, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of and (b) any right of contribution such Guarantor the Company may have against any other guarantor of the Guarantied Obligations (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, limitation any such right of contribution as contemplated by under California Civil Code Section 7.022848). Each Guarantor The Company further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor the Company may have against such Borrower Medis or against any collateral or security, and any rights of contribution such Guarantor the Company may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Agent or any Bank may have against such BorrowerMedis, to all right, title, title and interest any Beneficiary Agent or any Bank may have in any such collateral or security, and to any right any Beneficiary Agent or any Bank may have against such other guarantor. Each Agent, on behalf of Banks, may use, sell or dispose of any item of collateral or security as it sees fit without regard to any subrogation rights the Company may have, and upon any such disposition or sale any rights of subrogation against such collateral the Company may have shall terminate. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, reimbursement or contribution indemnification rights at any time when all Guaranteed Guarantied Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, the Agent on behalf of Beneficiaries, the Banks and shall forthwith be paid over to Administrative Agent, the Agent for the benefit of Beneficiaries, the Banks to be credited and applied against the Guaranteed Guarantied Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (McKesson Hboc Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall will have been indefeasibly paid in fullfull in cash, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall will have been indefeasibly paid in fullfull in cash, each Guarantor shall will withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall will be junior and subordinate to any rights any Beneficiary Secured Party may have against such the Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall will be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall will not have been finally and indefeasibly paid in full, such amount shall will be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Secured Parties and shall will forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Secured Parties to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof. Further, in accordance with Section 2856 of the California Civil Code, each Guarantor waives any and all rights and defenses available to it by reason of Sections 2787 to 2855, inclusive, of the California Civil Code (this sentence is included solely out of an abundance of caution, and shall not be construed to mean that any of the above-referenced provisions of California law are in any way applicable to this Guaranty or to any of the Guaranteed Obligations).

Appears in 1 contract

Samples: Pledge and Security Agreement (Lumentum Holdings Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than indemnities and expense reimbursement obligations which, in either case, are not then due and payable) shall have been indefeasibly paid in fullfull in cash in accordance with their terms and the Total Revolving Loan Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Guaranteed Creditor now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiaryGuaranteed Creditor. In addition, until the Guaranteed Obligations (other than indemnities and expense reimbursement obligations which, in either case, are not then due and payable) shall have been indefeasibly paid in fullfull in cash in accordance with their terms and the Total Revolving Loan Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.0216.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantorguarantor (including any other Guarantor), shall be junior and subordinate to any rights any Beneficiary Guaranteed Creditor may have against such any Borrower, to all right, title, title and interest any Beneficiary Guaranteed Creditor may have in any such collateral or security, and to any right any Beneficiary Guaranteed Creditor may have against such other guarantorguarantor (including any other Guarantor). If 147 any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in cash in accordance with their terms, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Guaranteed Creditors and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Guaranteed Creditors to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (CVR Partners, Lp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Term Loan Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Term Loan Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (CVR Energy Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull (subject to Section 7.12), each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such the Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Kv Pharmaceutical Co /De/)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, full and the Commitments shall have terminated each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.022.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any PARENT GUARANTY ($650,000,000 CREDIT AGREEMENT) right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, the Guaranteed Party on behalf of Beneficiaries, the Beneficiaries and shall forthwith be paid over to Administrative Agent, the Guaranteed Party for the benefit of Beneficiaries, the Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Confer Personal Jurisdiction Over (Assurant Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall have been indefeasibly paid in fullfull in Cash and the Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower the Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower the Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrowerthe Company, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.028.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower the Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrowerthe Company, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Collateral Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Collateral Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Financing Agreement (Global Geophysical Services Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower or any other Guarantor with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such Borrowerthe Borrower or any other Guarantor, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such the Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid Paid in fullFull, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Northstar Realty Finance Corp.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor hereby waives the exercise of any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such BorrowerCompany, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Nextlink Communications Inc /De/)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the applicable Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives waives, to the maximum extent permitted by applicable law, any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the applicable Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the applicable Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired (without any pending drawing) or been cancelled, each Guarantor shall shall, to the maximum extent permitted by applicable law, withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the applicable Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against 176 any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such the Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all applicable Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, the Beneficiaries to be credited and applied against the applicable Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Lannett Co Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower the Borrowers or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, (a) limitation any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower the Borrowers with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrowerthe Borrowers, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower the Borrowers or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrowerthe Borrowers, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in Cash, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Nuvox Inc /De/)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, (a) limitation any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull in Cash and all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrowerthe , to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in fullfull in Cash, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Equinix Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Each Guarantor hereby waives agrees that it will not assert any claim, right, right or remedy, in each case direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Company or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statutestatute (including under California Civil Code Section 2847, 2848 or 2849), under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed ObligationsCompany, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such BorrowerCompany, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, Beneficiary unless and until the Guaranteed Guarantied Obligations (other than Guarantied Obligations in respect of indemnification and expense reimbursement not yet claimed) shall have been indefeasibly paid in full, the Commitments shall have terminated and all Letters of Credit shall have expired, been cancelled or been cash collateralized. In addition, until the Guarantied Obligations (other than Guarantied Obligations in respect of indemnity and expense reimbursement not yet claimed) shall have been indefeasibly paid in full and the Commitments shall have terminated and all Letters of Credit shall have expired, been cancelled, or been cash collateralized each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, Guarantied Obligations (including any such right of contribution as contemplated by under California Civil Code Section 7.02. Each Guarantor further agrees that, to the extent the waiver 2848 or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrower, to all right, title, and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf of Beneficiaries, and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiaries, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereofunder subSECTION 2.2(b)).

Appears in 1 contract

Samples: Security Agreement (Merrill Corp)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall have been indefeasibly paid in full, each Guarantor hereby waives waives, to the extent permitted by applicable law, its right to enforce any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Holder now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiaryHolder. In addition, until the Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.022. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Holder may have against such Borrower, to all right, title, title and interest any Beneficiary Holder may have in any such collateral or security, and to any right any Beneficiary Holder may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than contingent obligations for which no claim has been made) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, on behalf of Beneficiaries, Holder and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiaries, Holder to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Boise Cascade Holdings, L.L.C.

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and this Agreement shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor Obligor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (ai) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (bii) any right to enforce, or to participate in, any claim, right, right or remedy that Agent or any Beneficiary Lender now has or may hereafter have against such Borrower, and (ciii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by Agent or any BeneficiaryLender. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and this Agreement shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor Obligor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by clause (b) of this Section 7.0215. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantorObligor, shall be junior and subordinate to any rights Agent or any Beneficiary Lender may have against such Borrower, to all right, title, title and interest Agent or any Beneficiary Lender may have in any such collateral or security, and to any right Agent or any Beneficiary Lender may have against such other guarantorObligor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Lender and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Lender to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Silverstar Holdings LTD)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullTermination Date has occurred, each Guarantor hereby waives any claim, right, or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, or remedy arises in equity, under contract, by statute, under common law, or otherwise and including, without limitation, (a) any right of subrogation, reimbursement, or indemnification that such Guarantor now has or may hereafter have against such Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, or remedy that any Beneficiary Secured Party now has or may hereafter have against such Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullTermination Date has occurred, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Notwithstanding anything to the contrary contained in this Agreement, no Guarantor may exercise any rights of subrogation, contribution, indemnity, reimbursement or other similar rights against, and may not proceed or seek recourse against or with respect to any property or asset of, any other Loan Party (the “Foreclosed Loan Party”), including after payment in full of the Obligations and the occurrence of the Termination Date, if all or any portion of the Obligations have been satisfied in connection with an exercise of remedies in respect of the Capital Stock of such Foreclosed Loan Party whether pursuant to this Agreement or otherwise. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, or indemnification such Guarantor may have against such Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such Borrower, to all right, title, and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, or contribution rights at any time when prior to the occurrence of the Termination Date (or at any time if all Guaranteed or any portion of the Obligations shall not have been finally and indefeasibly paid satisfied in fullconnection with an exercise of remedies in respect of the Capital Stock of such Foreclosed Loan Party whether pursuant to this Agreement or otherwise), such amount shall be held in trust for Administrative Agent, on behalf of Beneficiariesthe Secured Parties, and shall forthwith be paid over to Administrative Agent, for the benefit of Beneficiariesthe Secured Parties, to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Abl Credit Agreement (Franchise Group, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Loan Commitments shall have terminated, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a either Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such either Borrower with respect to the Guaranteed its Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such either Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Loan Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such either Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such either Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, thereby on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, thereto for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Convergent Communications Inc /Co)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a Borrower Company or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such Borrower any other Credit Party with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or 71 WEIL:\96958663\10\71605.0155 remedy that any Beneficiary now has or may hereafter have against such Borrowerany other Credit Party, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid Paid in fullFull, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such Borrower Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such Borrowerany Credit Party, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid Paid in fullFull, such amount shall be held in trust for Administrative Agent, on behalf Agent for the benefit of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (REVA Medical, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Non-US Guaranteed Obligations and Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a any Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its respective obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such any Borrower with respect to the Non-US Guaranteed Obligations or Guaranteed Obligations, as the case may be, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such any Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Non-US Guaranteed Obligations and Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Non-US Guaranteed Obligations or Guaranteed Obligations, as the case may be, including, without limitation, any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such any Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such any Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Non-US Guaranteed Obligations and Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Non-US Guaranteed Obligations or Guaranteed Obligations, as the case may be, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Xerium Technologies Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Secured Party now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiarySecured Party. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.3. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Secured Party may have against such the Borrower, to all right, title, title and interest any Beneficiary Secured Party may have in any such collateral or security, and to any right any Beneficiary Secured Party may have against such other guarantorguarantor (including any Guarantor). If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Secured Parties and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Secured Parties to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Term Loan Agreement (Source Interlink Companies Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in fullfull (other than contingent indemnification obligations for which no claim has been made) and the Revolving Commitments shall have 107 |US-DOCS\140731213.5|| terminated and all Letters of Credit shall have expired without pending drawings or been cancelled or Cash Collateralized (or other credit support satisfactory to the applicable Issuing Bank has been provided), each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor guarantor (including the Guarantors) or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (ai) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower or any other guarantor (including the Guarantors) with respect to the Guaranteed Obligations, (bii) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such Borrowerthe Borrower or any other guarantor (including the Guarantors), and (ciii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in fullfull (other than contingent indemnification obligations for which no claim has been made and the cancellation or expiration without pending drawings or Cash Collateralization of all Letters of Credit in the Agreed L/C Cash Collateral Amount on terms reasonably satisfactory to the applicable Issuing Bank (or other credit support satisfactory to the applicable Issuing Bank has been provided)) and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired without pending drawings or been cancelled or Cash Collateralized in the Agreed L/C Cash Collateral Amount on terms reasonably satisfactory to the applicable Issuing Bank (or other credit support satisfactory to the applicable Issuing Bank has been provided), each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.02. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantorguarantor (including the Guarantors), shall be junior and subordinate to any rights any Beneficiary may have against such the Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations (other than contingent indemnification obligations for which no claim has been made) shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, Beneficiaries and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Compass, Inc.)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the applicable Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives waives, to the maximum extent permitted by applicable law, any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, without limitation, including (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the applicable Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the applicable Guaranteed Obligations shall have been indefeasibly paid in fullfull and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired (without any pending drawing) or been cancelled, each Guarantor shall shall, to the maximum extent permitted by applicable law, withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the applicable Guaranteed Obligations, including, without limitation, including any such right of contribution as contemplated by Section 7.027.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against such the Borrower, to all right, title, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all applicable Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Beneficiaries and shall forthwith be paid over to Administrative Agent, Agent for the benefit of Beneficiaries, the Beneficiaries to be credited and applied against the applicable Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Lannett Co Inc)

Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against a the Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right, right or remedy arises in equity, under contract, by statute, under common law, law or otherwise and including, including without limitation, limitation (a) any right of subrogation, reimbursement, reimbursement or indemnification that such Guarantor now has or may hereafter have against such the Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right, right or remedy that any Beneficiary Lender or Agent, as the case may be, now has or may hereafter have against such the Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any BeneficiaryLender or Agent, as the case may be. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.027.3. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement, reimbursement or indemnification such Guarantor may have against such the Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary Lender or Agent, as the case may be, may have against such the Borrower, to all right, title, title and interest any Beneficiary Lender or Agent, as the case may be, may have in any such collateral or security, and to any right any Beneficiary Lender or Agent, as the case may be, may have against such other guarantorguarantor (including any Guarantor). If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for the Administrative Agent, Agent on behalf of Beneficiaries, the Lenders and each Agent and shall forthwith be paid over to the Administrative Agent, Agent for the benefit of Beneficiaries, the Lenders and each Agent to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

Appears in 1 contract

Samples: Senior Subordinated Bridge Loan Agreement (Source Interlink Companies Inc)

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