Common use of Postponement of Subrogation Clause in Contracts

Postponement of Subrogation. Until the Obligations are indefeasibly --------------------------- paid in full, the Guarantor postpones and subordinates in favor of the Bank any and all rights which the Guarantor may have to (a) assert any claim against the Borrower based on subrogation rights with respect to payments made hereunder, and (b) any realization on any property of the Borrower, including participation in any marshalling of the Borrower's assets.

Appears in 4 contracts

Samples: Guaranty and Suretyship Agreement (RMH Teleservices Inc), Guaranty and Suretyship Agreement (RMH Teleservices Inc), Guaranty and Suretyship Agreement (RMH Teleservices Inc)

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Postponement of Subrogation. Until the Obligations are indefeasibly --------------------------- paid in full, the Guarantor postpones and subordinates in favor of the Bank any and all rights which the Guarantor may have to (a) assert any claim against the Borrower based on subrogation rights with respect to payments made hereunder, and (b) any realization on any property of the Borrower, including participation in any marshalling of the Borrower's assets.

Appears in 3 contracts

Samples: Guaranty and Suretyship Agreement (Kansas City Power & Light Co), Letter Agreement (Ii-Vi Inc), Guaranty and Suretyship Agreement (Kansas City Power & Light Co)

Postponement of Subrogation. Until the Obligations are indefeasibly --------------------------- paid in fullfull and the Bank has no further obligation to make advances of Loans under the Loan Documents, the Guarantor postpones and subordinates in favor of the Bank any and all rights which the Guarantor may have to (ai) assert any claim against the Borrower based on subrogation rights with respect to payments made hereunder, and (bii) any realization on any property of the Borrower, including participation in any marshalling of the Borrower's assets.

Appears in 2 contracts

Samples: Limited Guaranty and Suretyship Agreement (Glimcher Realty Trust), Limited Guaranty and Suretyship Agreement (Glimcher Realty Trust)

Postponement of Subrogation. Until the Obligations are --------------------------- indefeasibly --------------------------- paid in full, the Guarantor postpones and subordinates in favor of the Bank any and all rights which the Guarantor may have to (a) assert any claim against the Borrower based on subrogation rights with respect to payments made hereunder, and (b) any realization on any property of the Borrower, including participation in any marshalling of the Borrower's assets.

Appears in 2 contracts

Samples: Credit Agreement (Dover Downs Gaming & Entertainment Inc), Credit Agreement (Dover Downs Entertainment Inc)

Postponement of Subrogation. Until the Obligations are --------------------------- indefeasibly --------------------------- paid in full, the Guarantor postpones and subordinates in favor of the Bank Agent for the ratable benefit of the Banks any and all rights which the Guarantor may have to (a) assert any claim against the Borrower based on subrogation rights with respect to payments made hereunder, and (b) any realization on any property of the Borrower, including participation in any marshalling of the Borrower's assets.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Dover Downs Entertainment Inc)

Postponement of Subrogation. Until the Obligations --------------------------- are indefeasibly --------------------------- paid in full, the Guarantor postpones and subordinates in favor of the Bank Agent for the ratable benefit of the Banks any and all rights which the Guarantor may have to (a) assert any claim against the Borrower based on subrogation rights with respect to payments made hereunder, and (b) any realization on any property of the Borrower, including participation in any marshalling of the Borrower's assets.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Dover Downs Gaming & Entertainment Inc)

Postponement of Subrogation. Until the Guaranteed Obligations are indefeasibly --------------------------- paid in full, the Guarantor postpones and subordinates in favor of the Bank Beneficiary any and all rights which the Guarantor may have to (a) assert any claim against the Borrower Debtor based on subrogation rights with respect to payments made hereunder, and (b) any realization on any property of the BorrowerDebtor, including participation in any marshalling of the Borrower's Debtor’s assets.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Colony Rih Holdings Inc)

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Postponement of Subrogation. Until the Obligations are indefeasibly paid --------------------------- paid in full, the Guarantor postpones and subordinates in favor of the Bank any and all rights which the Guarantor may have to (a) assert any claim against the Borrower based on subrogation rights with respect to payments made hereunder, and (b) any realization on any property of the Borrower, including participation in any marshalling of the Borrower's assets.

Appears in 1 contract

Samples: Loan Agreement (Sybron Chemicals Inc)

Postponement of Subrogation. Until the Obligations are indefeasibly --------------------------- paid in full, the Guarantor postpones and subordinates in favor of the Bank any and all rights which the Guarantor may have to (a) assert any claim against the Borrower based on subrogation rights with respect to payments made hereunder, and (b) any realization on any property of the Borrower, including participation in any marshalling of the Borrower's ’s assets.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Federated Investors Inc /Pa/)

Postponement of Subrogation. Until the Obligations and all other amounts due hereunder are indefeasibly --------------------------- paid in full, the Guarantor postpones and subordinates in favor of the Bank Creditor any and all rights which the Guarantor may have to (a) assert any claim against the Borrower Supplier based on subrogation rights with respect to payments made hereunder, by Guarantor hereunder and (b) any realization on any property of the BorrowerSupplier, including participation in any marshalling of the BorrowerSupplier's assets.

Appears in 1 contract

Samples: Requirements Service Agreement (Constellation Energy Group Inc)

Postponement of Subrogation. Until the Obligations are indefeasibly --------------------------- paid in full, the Guarantor postpones and subordinates in favor of the Bank any and all rights which the Guarantor may have to (a) assert any claim against the Borrower Borrowers based on subrogation rights with respect to payments made hereunder, and (b) any realization on any property of the BorrowerBorrowers, including participation in any marshalling of the Borrower's Borrowers' assets.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Ceco Environmental Corp)

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