Common use of Waiver of Rights of Subrogation Clause in Contracts

Waiver of Rights of Subrogation. Until all of the Obligations have been paid and performed in full, notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which Grantor is a party, Grantor hereby waives with respect to the Company, its successors and assigns (including any surety) and any other Person any and all rights at law or in equity, to subrogation, to reimbursement, to exoneration, to indemnity, 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 Grantor may have or hereafter acquire against Company in connection with or as a result of Grantor’s execution, delivery and/or performance of this Agreement or any other Loan Document to which Grantor is a party.

Appears in 4 contracts

Samples: Security Agreement (Aditxt, Inc.), Security Agreement (Aditxt, Inc.), Security Agreement (Aditxt, Inc.)

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