Common use of Subrogation; Marshalling Clause in Contracts

Subrogation; Marshalling. Note Creditors shall not be subrogated to, or be entitled to any assignment of any Lender Debt or Noteholder Debt or of any Collateral or guarantees or evidence of any thereof until the payment in full of the Lender Debt. Each Note Creditor hereby waives any and all rights to have any Collateral or any part thereof granted to Creditor marshalled upon any foreclosure or other disposition of such collateral by Creditor or a Debtor.

Subrogation; Marshalling. Note Creditors shall not be subrogated ------------------------ to, or be entitled to any assignment of any Lender Debt or Noteholder Debt or of any Collateral or guarantees or evidence of any thereof until the payment in full of the Lender Debt. Each Note Creditor hereby waives any and all rights to have any Collateral or any part thereof granted to Creditor marshalled upon any foreclosure or other disposition of such collateral by Creditor or a Debtor.