Common use of Subrogation; Contribution Clause in Contracts

Subrogation; Contribution. The Guarantor shall not exercise any rights which it may acquire by way of subrogation or contribution, by any payment made under this Guaranty or otherwise, until all the Liabilities have been paid in full, all Letters of Credit and Commitments have been terminated, and the Credit Agreement is no longer in effect. If any amount is paid to the Guarantor on account of subrogation or contribution rights, the amount shall be held in trust for the benefit of the Beneficiaries and shall be promptly paid to the Administrative Agent to be credited and applied to the Liabilities, whether matured or unmatured or absolute or contingent, in accordance with the terms of the Credit Agreement.