Common use of Postponement of Subrogation, etc Clause in Contracts

Postponement of Subrogation, etc. Each Grantor agrees that it will not exercise any rights which it may acquire by way of rights of subrogation under this Security Agreement, by any payment made hereunder, whether by way of subrogation, reimbursement or otherwise, until after the Termination Date. Any amount paid to any Grantor on account of any such subrogation rights prior to the Termination Date shall be held in trust for the benefit of the Secured Party and shall immediately be paid to the Secured Party and credited and applied against the Secured Obligations, whether matured or unmatured, in accordance with the terms of the Credit Agreement; provided, however, that if:

Postponement of Subrogation, etc. Each Grantor hereby agrees that it will not exercise any rights which it may acquire by way reason of rights of subrogation under this Security Agreement, by any payment made hereunder, whether by way of subrogation, reimbursement or otherwise, until after the Termination Date. Any amount paid to any Grantor on account of any such subrogation rights payment made hereunder prior to the Termination Date shall be held in trust for the benefit of the Secured Party Parties and shall immediately be paid to the Administrative Agent for the benefit of the Secured Party Parties and credited and applied against the Secured Obligations, whether matured or unmatured, in accordance with the terms of the Credit Agreement; provided, however, that if:

Postponement of Subrogation, etc. Each Grantor hereby agrees that it will not exercise any rights which it may acquire by way reason of rights of subrogation under this Security Agreement, by any payment made hereunder, whether by way of subrogation, reimbursement or otherwise, until after the Termination Date. Any amount paid to any Grantor on account of any such subrogation rights payment made hereunder prior to the Termination Date shall be held in trust for the benefit of the Secured Party Parties and shall immediately be paid to the Collateral Agent for the benefit of the Secured Party Parties and credited and applied against the Secured Obligations, whether matured or unmatured, in accordance with the terms of the Credit AgreementIndenture; provided, however, that if:

Postponement of Subrogation, etc. Each Grantor agrees that it will not exercise any rights which it may acquire by way of rights of subrogation under this Security Agreement, by any payment made hereunder, whether by way of subrogation, reimbursement or otherwise, until after following the Termination Date. Any amount paid to any Grantor on account of any such subrogation rights prior to the Termination Date shall be held in trust for the benefit of the Secured Party Parties and shall immediately be paid to the Administrative Agent for the benefit of the Secured Party Parties and credited and applied against the Secured Obligations, whether matured or unmatured, in accordance with the terms of the Credit Agreement; provided, however, that if:

Postponement of Subrogation, etc. Each Grantor hereby agrees that it will not exercise any rights which it may acquire by way reason of rights of subrogation under this Security Agreement, by any payment made hereunder, whether by way of subrogation, reimbursement or otherwise, until after the Termination Date. Any amount paid to any Grantor on account of any such subrogation rights payment made hereunder prior to the Termination Date shall be held in trust for the benefit of the Secured Party Parties and shall immediately be paid to the Secured Party Parties and credited and applied against the Secured Obligations, whether matured or unmatured, in accordance with the terms of the Credit AgreementIndenture; provided, however, that if: