Subrogation; Marshalling. The Holder shall not be subrogated to, or be entitled to any assignment of any Senior Debt or of any collateral for or guarantees or evidence of any thereof until all of the Payment in Full of all of the Senior Debt. The Holder hereby waives any and all rights to have any collateral or any part thereof granted to or held by Senior Loan Agent marshaled upon any foreclosure or other disposition of such collateral by Senior Loan Agent or Borrower with the consent of Senior Loan Agent.
Appears in 2 contracts
Sources: 6% Junior Subordinated Note (HHG Distributing, LLC), 6% Junior Subordinated Note (Hhgregg, Inc.)