Common use of Waiver of Rights of Subrogation Clause in Contracts

Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which any Borrower is a party, Borrowers hereby waive with respect each other and their respective successors and assigns (including any surety) and any other Person which is directly or indirectly a creditor of any Borrower or any surety for any Borrower, any and all rights at Law or in equity, to subrogation, to reimbursement, to exoneration, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which any Borrower may have or hereafter acquire against each other or any other party in connection with or as a result of their execution, delivery and/or performance of this Loan Agreement or any other Loan Document to which any of them is a party. Borrowers agree that they shall not have or assert any such rights against one another or their respective successors and assigns or any other Person (including any surety) which is directly or indirectly a creditor of any surety for any Borrower, either directly or as an attempted setoff to any action commenced against any other Person comprising any Borrower (as a Borrower or in any other capacity) or any other party. Each Borrower hereby acknowledges and agrees that this waiver is intended to benefit of Borrowers and Lenders and shall not limit or otherwise affect any of their liabilities hereunder, under any other Loan Document to which any of them is a party, or the enforceability hereof or thereof.

Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other the Loan Document Agreement to which any Borrower Grantor is a partyparty until no part of any commitment to lend remains outstanding and all of the Secured Obligations have been paid and performed in full, Borrowers Grantor hereby waive with respect each other to the Borrower and their respective its successors and assigns (including any surety) and any other Person which is directly or indirectly a creditor of any Borrower or any surety for any Borrowerperson, any and all rights at Law law or in equity, equity to subrogation, to reimbursement, to exoneration, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which any Borrower Grantor may have or hereafter acquire against each other the Borrower or any other party in connection with or as a result of their Grantor's execution, delivery and/or performance of this Loan Agreement or any other Loan Document loan document to which any of them Grantor is a party. Borrowers agree Grantor agrees that they it shall not have or assert any such rights against one another the Borrower or their respective its successors and assigns or any other Person (including any surety) which is directly or indirectly a creditor of any surety for any Borrower, either directly or as an attempted setoff to any action commenced against any other Person comprising any Grantor by the Borrower (as a Borrower borrower or in any other capacity) or any other partyperson. Each Borrower Grantor hereby acknowledges and agrees that this waiver is intended to benefit of Borrowers and Lenders the Bank and shall not limit or otherwise affect any of their liabilities Grantor's liability hereunder, under any other Loan Document to which any of them Grantor is a party, or the enforceability hereof or thereof.

Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document document to which any Borrower Grantor is a party, Borrowers Grantors hereby waive with respect each other to Borrower and their respective its successors and assigns (including any surety) and any other Person which is directly or indirectly a creditor of any Borrower or any surety for any BorrowerPerson, any and all rights at Law or in equity, equity to subrogation, to reimbursement, to exoneration, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which any Borrower Grantors may have or hereafter acquire against each other the Borrower or any other party Party in connection with or as a result of their Grantors’ execution, delivery and/or performance of this Loan Agreement or any other Loan Document document to which any of them Grantor is a party. Borrowers Grantors agree that they shall not have or assert any such rights against one another the Borrower or their respective its successors and assigns or any other Person (including any surety) which is directly or indirectly a creditor of any surety for any Borrower, either directly or as an attempted setoff to any action commenced against any other Person comprising any Grantors by the Borrower (as a Borrower borrower or in any other capacity) or any other partyPerson. Each Borrower Grantors hereby acknowledges acknowledge and agrees agree that this waiver is intended to benefit of Borrowers and Lenders Secured Party and shall not limit or otherwise affect any of their liabilities Grantors’ liability hereunder, under any other Loan Document document to which any of them Grantor is a party, or the enforceability hereof or thereof.