Common use of Subrogation Rights Clause in Contracts

Subrogation Rights. Until such time as the Guaranteed Obligations have been paid in full in cash and otherwise fully performed and all of the Commitments under the Credit Agreement have been terminated, each Guarantor hereby irrevocably waives all rights of subrogation that it may at any time otherwise have as a result of this Guaranty (whether contractual, under Section 509 of the Bankruptcy Code, or otherwise) to the claims of the Administrative Agent and/or the other Creditors against the Borrower, any other Guarantor or any other guarantor of or surety for the Guaranteed Obligations and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from the Borrower or any other Guarantor that it may at any time otherwise have as a result of this Guaranty.

Appears in 10 contracts

Samples: Subsidiary Guaranty (Kona Grill Inc), Guaranty (Preferred Apartment Communities Inc), Pledge and Security Agreement (American Dental Partners Inc)

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Subrogation Rights. Until such time as the Guaranteed Loan Obligations have been paid in full in cash and otherwise fully performed and all of the Commitments under the Credit this Agreement have been terminated, each Guarantor hereby irrevocably waives all agrees not to exercise any rights of subrogation that it may at any time otherwise have as a result of this Guaranty Guarantee (whether contractual, under Section 509 of the Bankruptcy Code, or otherwise) to the claims of the Administrative Agent and/or the other Creditors Secured Parties against the either Borrower, any other Guarantor or any other guarantor of or surety for the Guaranteed Loan Obligations and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from the either Borrower or any other Guarantor that it may at any time otherwise have as a result of this GuarantyGuarantee.

Appears in 3 contracts

Samples: Intercreditor Agreement (Vantage Drilling CO), Term Loan Agreement (Vantage Drilling CO), Term Loan Agreement (Vantage Drilling CO)

Subrogation Rights. Until such time as the Guaranteed Obligations have been paid in full in cash and otherwise fully performed and all of performed, the Commitments Total Commitment under the Credit Agreement has been terminated and all Letters of Credit have been terminatedterminated or have expired, each Guarantor hereby irrevocably waives all rights of subrogation that which it may at any time otherwise have as a result of this Guaranty (whether contractual, under Section section 509 of the Bankruptcy Code, or otherwise) to the claims of the Administrative Agent and/or the other Creditors against the Borrower, any other Guarantor or any other guarantor of or surety for the Guaranteed Obligations and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from the Borrower or any other Guarantor that which it may at any time otherwise have as a result of this Guaranty.

Appears in 2 contracts

Samples: Subsidiary Guaranty (Memc Electronic Materials Inc), General Revolving Note (Calgon Carbon Corporation)

Subrogation Rights. Until such time as the Guaranteed Obligations have been paid in full in cash and otherwise fully performed and all of the Commitments under the Credit Agreement have been terminated, each Guarantor hereby irrevocably waives all agrees not to exercise any rights of subrogation that it may at any time otherwise have as a result of this Guaranty (whether contractual, under Section 509 of the Bankruptcy Code, or otherwise) to the claims of the Administrative Agent and/or the other Creditors against the Borrower, any other Guarantor or any other guarantor of or surety for the Guaranteed Obligations and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from the Borrower or any other Guarantor that it may at any time otherwise have as a result of this Guaranty.

Appears in 1 contract

Samples: Guaranty (Preferred Apartment Communities Inc)

Subrogation Rights. Until such time as the Guaranteed Obligations have been paid in full in cash and otherwise fully performed and all of the Commitments Total Commitment under the Credit Agreement have has been terminated, each Guarantor hereby irrevocably waives all rights of subrogation that which it may at any time otherwise have as a result of this Guaranty (whether contractual, under Section section 509 of the Bankruptcy Code, or otherwise) to the claims of the Administrative Agent and/or the other Creditors against the Borrower, any other Guarantor or any other guarantor of or surety for the Guaranteed Obligations and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from the Borrower or any other Guarantor that which it may at any time otherwise have as a result of this Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Fca of Ohio Inc)

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Subrogation Rights. Until such time as the Guaranteed Obligations have Debt has been paid in full in cash and otherwise fully performed and all of the Commitments Commitment under the Credit Agreement have has been terminated, each Guarantor hereby irrevocably waives all rights of subrogation that it may at any time otherwise have as a result of this Guaranty (whether contractual, under Section section 509 of the Bankruptcy Code, or otherwise) to the claims of the Administrative Agent and/or the other Creditors Lenders against the Borrower, any other Guarantor or any other guarantor of or surety for the Guaranteed Obligations Debt and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from the Borrower or any other Guarantor that it may at any time otherwise have as a result of this Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Steris Corp)

Subrogation Rights. Until such time as the Guaranteed Obligations guaranteed obligations have been paid in full in cash and otherwise fully performed and all of the Commitments commitments under the Credit Agreement credit agreement have been terminated, each Guarantor guarantor hereby irrevocably waives all rights of subrogation that it may at any time otherwise have as a result of this Guaranty guaranty (whether contractual, under Section section 509 of the Bankruptcy Codebankruptcy code, or otherwise) to the claims of the Administrative Agent administrative agent and/or the other Creditors creditors against the Borrowerborrower, any other Guarantor guarantor or any other guarantor of or surety for the Guaranteed Obligations guaranteed obligations and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from the Borrower borrower or any other Guarantor guarantor that it may at any time otherwise have as a result of this Guarantyguaranty.

Appears in 1 contract

Samples: Credit Agreement (Preferred Apartment Communities Inc)

Subrogation Rights. Until such time as the Guaranteed Obligations have been paid in full in cash and otherwise fully performed and all of the Commitments under the Credit Agreement have been terminated, each the Guarantor hereby irrevocably waives all rights of subrogation that it may at any time otherwise have as a result of this Guaranty (whether contractual, under Section 509 of the Bankruptcy Code, or otherwise) to the claims of the Administrative Agent and/or the other Creditors against the Borrower, any other Subsidiary Guarantor or any other guarantor of or surety for the Guaranteed Obligations and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from the Borrower or any other Subsidiary Guarantor that it may at any time otherwise have as a result of this Guaranty.

Appears in 1 contract

Samples: Credit Agreement (American Medical Systems Holdings Inc)

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