Common use of Subrogation Clause in Contracts

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 125 contracts

Sources: Indenture (Clear Channel Outdoor Holdings, Inc.), Indenture (Clear Channel Outdoor Holdings, Inc.), Indenture (Aramark)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Issuers under the Indenture or the Notes shall have been paid in full.

Appears in 118 contracts

Sources: Indenture (Anywhere Real Estate Group LLC), Indenture (PBF Holding Co LLC), Indenture (Anywhere Real Estate Group LLC)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Issuers under the Indenture or the Notes shall have been paid in full.

Appears in 36 contracts

Sources: Supplemental Indenture (Anywhere Real Estate Group LLC), Supplemental Indenture (Anywhere Real Estate Group LLC), Supplemental Indenture (Anywhere Real Estate Group LLC)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 26 contracts

Sources: Indenture (Michaels Stores Inc), Indenture (SeaWorld Entertainment, Inc.), Second Supplemental Indenture (Freescale Semiconductor, Ltd.)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 25 contracts

Sources: Supplemental Indenture (Aramark), Second Supplemental Indenture (Aramark), Supplemental Indenture (Aramark)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Issuers under the Indenture or the Notes shall have been paid in full.

Appears in 21 contracts

Sources: Senior Subordinated Notes Indenture (ASC Acquisition LLC), Indenture (DJO Finance LLC), Supplemental Indenture (ASC Acquisition LLC)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, that the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by obligations of the Issuer under the Indenture or and the Notes shall have been paid in full.

Appears in 18 contracts

Sources: Indenture (Entercom Communications Corp), Indenture (Meredith Corp), Indenture (Entercom Communications Corp)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 15 contracts

Sources: Indenture (RR Donnelley & Sons Co), Indenture (West Corp), Indenture (West Corp)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, that if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 14 contracts

Sources: Indenture (Laureate Education, Inc.), Indenture (Laureate Education, Inc.), Indenture (Laureate Education, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Company in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenturehereof; provided provided, however, that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the Indenture or the Notes shall have been paid in full.

Appears in 13 contracts

Sources: Supplemental Indenture (Ainsworth Lumber Co LTD), Supplemental Indenture (Ainsworth Lumber Co LTD), Indenture (Ainsworth Lumber Co LTD)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the each Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the no Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 10 contracts

Sources: Supplemental Indenture (West Corp), Supplemental Indenture (West Corp), Supplemental Indenture (West Corp)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the each Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 7 contracts

Sources: First Supplemental Indenture (iHeartCommunications, Inc.), Second Supplemental Indenture (iHeartCommunications, Inc.), Second Supplemental Indenture (iHeartCommunications, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, that the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by obligations of the Issuer Issuers under the Indenture or and the Notes shall have been paid in full.

Appears in 7 contracts

Sources: Indenture (OUTFRONT Media Inc.), Indenture (OUTFRONT Media Inc.), Indenture (OUTFRONT Media Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, that if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 6 contracts

Sources: Indenture (Energy Future Intermediate Holding CO LLC), Indenture (Energy Future Intermediate Holding CO LLC), Indenture (Energy Future Intermediate Holding CO LLC)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the each Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the no Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 5 contracts

Sources: Supplemental Indenture (West Corp), Supplemental Indenture (West Corp), Supplemental Indenture (West Corp)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Issuers under the Indenture or the Notes shall have been paid in full.

Appears in 4 contracts

Sources: Intercreditor Agreement (Houghton Mifflin Harcourt Co), Indenture (Kraton Corp), Indenture (Milacron Holdings Corp.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 4 contracts

Sources: Indenture (Gencorp Inc), Indenture (Toys R Us Inc), Indenture (Toys R Us Inc)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 4 contracts

Sources: Second Supplemental Indenture (Health Finance CORP), Third Supplemental Indenture (Health Finance CORP), First Supplemental Indenture (Health Finance CORP)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the each Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary Subsidiaries shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 3 contracts

Sources: Supplemental Indenture (Campbell Alliance Group Inc), Supplemental Indenture (Campbell Alliance Group Inc), Supplemental Indenture (Campbell Alliance Group Inc)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 3 contracts

Sources: Supplemental Indenture (Domus Holdings Corp), Supplemental Indenture (Domus Holdings Corp), Supplemental Indenture (Domus Holdings Corp)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 3 contracts

Sources: Supplemental Indenture (Domus Holdings Corp), Supplemental Indenture (Domus Holdings Corp), Supplemental Indenture (Domus Holdings Corp)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Senior Notes against the Issuer Company in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the Indenture or the Senior Notes shall have been paid in full.

Appears in 2 contracts

Sources: Indenture (Hawker Beechcraft Quality Support Co), First Supplemental Senior Notes Indenture (Arkansas Aerospace Inc)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Series B Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Series B Notes shall have been paid in full.

Appears in 2 contracts

Sources: Indenture (Clear Channel Outdoor Holdings, Inc.), Indenture (Clear Channel Outdoor Holdings, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Company in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the Indenture or the Notes shall have been paid in full.

Appears in 2 contracts

Sources: Indenture (Oppenheimer Holdings Inc), Indenture (Oppenheimer Holdings Inc)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Issuers under the Indenture or the Notes shall have been paid in full.

Appears in 2 contracts

Sources: Supplemental Indenture (Travelport Worldwide LTD), Fifth Supplemental Indenture (Nielsen CO B.V.)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 2 contracts

Sources: Supplemental Indenture (West Corp), Supplemental Indenture (West Corp)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the each Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 2 contracts

Sources: Supplemental Indenture (Travelport Worldwide LTD), Supplemental Indenture (Travelport Worldwide LTD)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Issuers under the Indenture or the Notes shall have been paid in full.

Appears in 2 contracts

Sources: Indenture (Toys R Us Inc), Indenture (Toys R Us Inc)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the each Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 2 contracts

Sources: Supplemental Indenture (Realogy Corp), Supplemental Indenture (Realogy Corp)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Series A Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Series A Notes shall have been paid in full.

Appears in 2 contracts

Sources: Indenture (Clear Channel Outdoor Holdings, Inc.), Indenture (Clear Channel Outdoor Holdings, Inc.)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 2 contracts

Sources: Third Supplemental Indenture (SeaWorld Entertainment, Inc.), Supplemental Indenture (Travelport LTD)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the 2017 A Notes shall have been paid in full.

Appears in 2 contracts

Sources: Indenture (Clear Channel Outdoor Holdings, Inc.), Indenture (Clear Channel Communications Inc)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Company in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the Indenture or the Notes shall have been paid in full.

Appears in 2 contracts

Sources: Third Supplemental Indenture (Apria Healthcare Group Inc), Second Supplemental Indenture (Ahny-Iv LLC)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the 2017 B Notes shall have been paid in full.

Appears in 2 contracts

Sources: Indenture (CC Media Holdings Inc), Indenture (Clear Channel Outdoor Holdings, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Eighth Supplemental Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Eighth Supplemental Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (HCA Holdings, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Company in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided provided, however, that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Indenture (Brightstar Corp.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 2 of the IndentureGuarantee and Collateral Agreement; provided that, if an Event of Default has occurred and is continuing, that the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by obligations of the Issuer under the Indenture or and the Notes shall have been paid in full.

Appears in 1 contract

Sources: Indenture (Cumulus Media Inc)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Secured Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (Axcan Intermediate Holdings Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided thatprovided, that if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Issuers under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Indenture (Michaels Companies, Inc.)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary Subsidiaries pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary Subsidiaries shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Third Supplemental Indenture (IMS Health Holdings, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; 509335-1996-14206-13941291 provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Issuers under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Indenture (Realogy Holdings Corp.)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: First Supplemental Indenture (Gencorp Inc)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Senior Subordinated Notes against the Issuer Company in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the Indenture or the Senior Subordinated Notes shall have been paid in full.

Appears in 1 contract

Sources: First Supplemental Senior Subordinated Notes Indenture (Arkansas Aerospace Inc)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Second Supplemental Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Second Supplemental Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (HCA Holdings, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Fifteenth Supplemental Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Fifteenth Supplemental Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (HCA Holdings, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Second Supplemental Indenture (Freescale Semiconductor, Ltd.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Company in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.1 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: First Supplemental Indenture (BioExpress, LLC)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 1 1.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Issuers under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Ninth Supplemental Indenture (Nielsen CO B.V.)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the each Guaranteeing Subsidiary pursuant to the provisions of Section 2 4(1) hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary Subsidiaries shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Third Supplemental Indenture (Campbell Alliance Group Inc)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Sixteenth Supplemental Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Sixteenth Supplemental Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (HCA Holdings, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 [ ] of the IndentureGuarantee and Collateral Agreement; provided that, if an Event of Default has occurred and is continuing, that the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by obligations of the Issuer under the Indenture or and the Notes shall have been paid in full.

Appears in 1 contract

Sources: Indenture (Cumulus Media Inc)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of the Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Indenture (Clear Channel Outdoor Holdings, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Senior Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (Axcan Intermediate Holdings Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Senior Subordinated Notes Indenture (American Tire Distributors Holdings, Inc.)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the that no Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by obligations of the Issuer under the Indenture or and the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (Avent, Inc.)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the that such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by obligations of the Issuer under the Indenture or and the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (Time Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Ninth Supplemental Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Ninth Supplemental Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (HCA Holdings, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Tenth Supplemental Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Tenth Supplemental Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (HCA Holdings, Inc.)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Issuers in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Issuers under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (Kraton Performance Polymers, Inc.)

Subrogation. The Subject to Sections 2.1(f) and 2.2 hereof, each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Company in respect of any amounts paid by the any Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture2.1 hereof; provided provided, that, if an Event of Default has occurred and is continuing, the no Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the First Supplemental Indenture or the Senior Notes shall have been paid in full.

Appears in 1 contract

Sources: First Supplemental Indenture (Essent Group Ltd.)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the each Guaranteeing Subsidiary pursuant to the provisions of Section 2 2(1) hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary Subsidiaries shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (Campbell Alliance Group Inc)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Company in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 11.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Indenture (Ahny-Iv LLC)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Eighteenth Supplemental Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Eighteenth Supplemental Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (HCA Healthcare, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.full.6

Appears in 1 contract

Sources: Indenture (Patheon Inc)

Subrogation. The Each Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Senior Subordinated Notes against the Issuer Company in respect of any amounts paid by the such Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the such Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the Indenture or the Senior Subordinated Notes shall have been paid in full.

Appears in 1 contract

Sources: Second Supplemental Senior Subordinated Notes Indenture (Hawker Beechcraft Holding, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Fourth Supplemental Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Fourth Supplemental Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (HCA Holdings, Inc.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer Company in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 2.01 hereof and Section 10.01 13.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer Company under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Indenture (3d Systems Corp)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (Patheon Holdings Cooperatief U.A.)

Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 12.01 of the Seventh Supplemental Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Seventh Supplemental Indenture or the Notes shall have been paid in full.

Appears in 1 contract

Sources: Supplemental Indenture (HCA Holdings, Inc.)