WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION Sample Clauses

WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION. Guarantor shall have no right of subrogation in or under the Guaranty Obligations, and no rights of reimbursement, indemnity or contribution from the Borrower or any other rights by law, equity, statute or contract that would give rise to a creditor-debtor relationship between Guarantor and the Borrower. Guarantor shall have no right to participate in any way in any of the collateral which is conveyed under the Loan Documents as security for the Guaranty Obligations. Guarantor hereby explicitly waives and releases any of the above-described rights of subrogation, reimbursement, indemnity, contribution, participation, and any right to require the marshalling of Borrower's assets under any circumstances.
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WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION. Until such time as all obligations of Tenant under the Permit have been satisfied, Guarantor shall have no right of subrogation in or under the Permit, and no rights of reimbursement, indemnity or contribution from Tenant or any other rights by law, equity, statute or contract that would give rise to a creditor-debtor relationship between Guarantor and Tenant. Effective for the time period described in the preceding sentence, Guarantor hereby explicitly waives and releases any of the above- described rights of subrogation, reimbursement, indemnity, contribution, participation, and any right to require the marshaling of Tenant’s assets under any circumstances.
Sample 1Sample 2Sample 3See All (4)
WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION. Until such time as all obligations of Tenant under the Permit have been satisfied, Guarantor shall have no right of subrogation in or under the Permit. Effective for the time period described in the preceding sentence, Guarantor hereby explicitly waives and releases any of the above- described rights of subrogation with respect to payments made by Guarantor hereunder.
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WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION. Guarantor shall have no right of subrogation in or under the Guaranty Obligations, and no rights of reimbursement, indemnity or contribution from the Borrower or any other rights by law, equity, statute or contract that would
Sample 1Sample 2
WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION. Guarantor shall have: (i) no right of subrogation in or under the Loan Documents; (ii) no right to participate in any way in any of the collateral which is conveyed under the Loan Documents as security for the Obligations; and (iii) no right to seek or obtain reimbursement from Borrower, or any other party primarily or secondarily liable for the Obligations, for any sums paid by Guarantor hereunder. Guarantor hereby explicitly waives and release the foregoing rights, whether contractual, statutory, or common law, of subrogation, participation, and reimbursement, and any right to require the marshaling of Borrower's assets under any circumstances.
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WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION. Until the Guaranty Obligations have been satisfied, (a) Guarantor shall have no right of subrogation in or under the Guaranteed Obligations, and no rights of reimbursement, indemnity or contribution from Borrower or any other rights by law, equity, statute or contract that would give rise to a creditor-debtor relationship between Guarantor and Borrower, (b) Guarantor shall have no right to participate in any way in any of the collateral which is conveyed under the Note, the Security Instrument, or the Other Security Documents as security for the Guaranteed Obligations, and (c) Guarantor hereby explicitly waives and releases any of the above-described rights of subrogation, reimbursement, indemnity, contribution, participation, and any right to require the marshalling of Borrower’s assets under any circumstances.
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WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION. Except as otherwise provided in NRS 40.475 and 40.485, Guarantor shall have no right of subrogation in or under the Loan Documents, and no rights of reimbursement, indemnity or
Sample 1
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Related to WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION

  • Waiver of Subrogation Until this Indenture is discharged and all of the Notes are discharged and paid in full, each Guarantor hereby irrevocably waives and agrees not to exercise any claim or other rights which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes or this Indenture and such Guarantor’s obligations under this Guarantee and this Indenture, in any such instance including, without limitation, any right of subrogation, reimbursement, exoneration, contribution, indemnification, and any right to participate in any claim or remedy of the Holders against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, including, without limitation, the right to take or receive from the Company, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim or other rights. If any amount shall be paid to any Guarantor in violation of the preceding sentence and any amounts owing to the Trustee or the Holders of Notes under the Notes, this Indenture, or any other document or instrument delivered under or in connection with such agreements or instruments, shall not have been paid in full, such amount shall have been deemed to have been paid to such Guarantor for the benefit of, and held in trust for the benefit of, the Trustee or the Holders and shall forthwith be paid to the Trustee for the benefit of itself or such Holders to be credited and applied to the obligations in favor of the Trustee or the Holders, as the case may be, whether matured or unmatured, in accordance with the terms of this Indenture. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that the waiver set forth in this Section 11.05 is knowingly made in contemplation of such benefits.

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