Common use of Subordination; Etc Clause in Contracts

Subordination; Etc. Notwithstanding any provision of this Guaranty to the contrary, all rights of the Guarantors under Section 7(a) and all other rights of indemnity, contribution or subrogation of any Guarantor under applicable law or otherwise with respect to payments made pursuant to this Guaranty shall be fully subordinated to the Guaranteed Obligations until the occurrence of the termination or release provided in Section 20 of this Guaranty.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Modine Manufacturing Co), Modine Manufacturing Co

AutoNDA by SimpleDocs

Subordination; Etc. Notwithstanding any provision of this Guaranty to the contrary, all rights of the Guarantors under Section 7(a6(a) and all other rights of indemnity, contribution or subrogation of any Guarantor under applicable law or otherwise with respect to payments made pursuant to this Guaranty shall be fully subordinated to the Guaranteed Obligations until the occurrence of the termination or release provided in Section 20 21 of this Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Modine Manufacturing Co)

AutoNDA by SimpleDocs

Subordination; Etc. Notwithstanding any provision of this Guaranty to the contrary, all rights of the Guarantors under Section Sections 7(a) and 7(b) and all other rights of indemnity, contribution or subrogation of any Guarantor under applicable law or otherwise with respect to payments made pursuant to this Guaranty shall be fully subordinated to the Guaranteed Obligations until the occurrence of the termination or release provided in Section 20 of this Guaranty.Termination

Appears in 1 contract

Samples: Collateral Agreement (Johnson Controls Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.