Common use of Subrogation and Similar Rights Clause in Contracts

Subrogation and Similar Rights. Notwithstanding any other provision of this Agreement or any other agreement entered into in connection herewith, each Co-Obligor irrevocably waives all rights that it may have at law or in equity (including, without limitation, any law subrogating the Co-Obligor to the rights of Purchaser under the Agreement) to seek contribution, indemnification, or any other form of reimbursement from any other Co-Obligor, or any other person or entity now or hereafter primarily or secondarily liable for any of the Obligations, for any payment made by the Purchaser with respect to the Obligations in connection with the Agreement or otherwise and all rights that it might have to benefit from, or to participate in, any security for the Obligations as a result of any payment made by Seller with respect to the Obligations in connection with the Agreement or otherwise. Any agreement providing for indemnification, reimbursement or any other arrangement prohibited under this Section 12.4 shall be null and void. If any payment is made to a Co-Obligor in contravention of this Section 12.4, such Co-Obligor shall hold such payment in trust for Purchaser and such payment shall be promptly delivered to Purchaser for application to the Obligations, whether matured or unmatured.

Subrogation and Similar Rights. Notwithstanding any other provision of this Agreement or any other agreement entered into in connection herewithby and among Seller and Buyer, each Co-Obligor Seller irrevocably waives all rights that it may have at law or in equity (including, without limitation, any law subrogating the Co-Obligor Seller to the rights of Purchaser Buyer under the this Agreement) to seek contribution, indemnification, or any other form of reimbursement from any other Co-ObligorSeller, or any other person or entity Person now or hereafter primarily or secondarily liable for any of the Obligations, for any payment made by the Purchaser Seller with respect to the Obligations in connection with the this Agreement or otherwise and all rights that it might have to benefit from, or to participate in, any security for the Obligations as a result of any payment made by the Seller with respect to the Obligations in connection with the this Agreement or otherwise. Any agreement providing for indemnification, reimbursement or any other arrangement prohibited under this Section 12.4 shall be null and void. If any payment is made to a Co-Obligor Seller in contravention of this Section 12.4Section, such Co-Obligor Seller shall hold such payment in trust for Purchaser Buyer and such payment shall be promptly delivered to Purchaser Buyer for application to the Obligations, whether matured or unmatured.

Subrogation and Similar Rights. Notwithstanding any other provision of this Agreement or any other agreement entered into in connection herewithDocument, each Co-Obligor Seller irrevocably waives all rights that it may have at law or in equity (including, without limitation, any law subrogating the Co-Obligor Seller to the rights of Purchaser Buyer under the AgreementDocuments) to seek contribution, indemnification, or any other form of reimbursement from any other Co-ObligorSeller, or any other person or entity Person now or hereafter primarily or secondarily liable for any of the Obligations, for any payment made by the Purchaser Seller with respect to the Obligations in connection with the Agreement Documents or otherwise and all rights that it might have to benefit from, or to participate in, any security for the Obligations as a result of any payment made by the Seller with respect to the Obligations in connection with the Agreement Documents or otherwise. Any agreement providing for indemnification, reimbursement or any other arrangement prohibited under this Section 12.4 shall be null and void. If any payment is made to a Co-Obligor Seller in contravention of this Section 12.4Section, such Co-Obligor Seller shall hold such payment in trust for Purchaser Buyer and such payment shall be promptly delivered to Purchaser Buyer for application to the Obligations, whether matured or unmatured.

Subrogation and Similar Rights. Notwithstanding any other provision of this Agreement or any other agreement entered into in connection herewithDocument, so long as any Obligations remain outstanding, each Co-Obligor Seller irrevocably waives all rights that it may have at law or in equity (including, without limitation, any law subrogating the Co-Obligor Seller to the rights of Purchaser Buyer under the AgreementDocuments) to seek contribution, indemnification, or any other form of reimbursement from any other Co-ObligorSeller, or any other person or entity Person now or hereafter primarily or secondarily liable for any of the Obligations, for any payment made by the Purchaser Seller with respect to the Obligations in connection with the Agreement Documents or otherwise and all rights that it might have to benefit from, or to participate in, any security for the Obligations as a result of any payment made by the Seller with respect to the Obligations in connection with the Agreement Documents or otherwise. Any Subject to the foregoing, any agreement providing for indemnification, reimbursement or any other arrangement prohibited under this Section 12.4 shall be null and void. If any payment is made to a Co-Obligor Seller in contravention of this Section 12.4Section, such Co-Obligor Seller shall hold such payment in trust for Purchaser Buyer and such payment shall be promptly delivered to Purchaser Buyer for application to the Obligations, whether matured or unmatured.