Common use of Waiver of Subrogation Clause in Contracts

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 52 contracts

Samples: Indenture (Emergency Medical Services CORP), Indenture (Victoria's Secret & Co.), Supplemental Indenture (US Foods Holding Corp.)

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Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this the Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of the Indenture. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and that the waiver set forth in this IndentureSection 6.5 is knowingly made in contemplation of such benefits.

Appears in 15 contracts

Samples: Supplemental Indenture (Celanese Americas LLC), Supplemental Indenture (Celanese Corp), Indenture (Celanese Ltd.)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.05 is knowingly made in contemplation of such benefits. ARTICLE ELEVEN [INTENTIONALLY OMITTED] ARTICLE TWELVE

Appears in 13 contracts

Samples: Indenture (M I Homes Inc), Indenture (William Lyon Homes), Indenture (William Lyon Homes Inc)

Waiver of Subrogation. Each Subsidiary The Guarantor hereby irrevocably waives to the extent permitted by applicable Law and until such time as the Guaranteed Obligations shall have been paid in full in cash and the Commitments have irrevocably terminated, any claim or other rights that which it may now or hereafter acquire against the Company Borrowers or any other Loan Party that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this IndentureGuaranty or any other Loan Document, including any right of subrogation, reimbursement, exoneration, exoneration or indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender Party against the CompanyBorrowers or any other Loan Party or any collateral which any Lender Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, or under contract, statute contract or common law, until this Indenture is discharged and all of the Notes are discharged and paid in fullLaw. If any amount shall be paid to any Subsidiary the Guarantor in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary the Guarantor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for Administrative Agent on behalf of the benefit of such Holders Lender Parties to be credited and applied upon against the NotesGuaranteed Obligations, whether matured or unmatured, . The Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenturesuch benefits.

Appears in 10 contracts

Samples: Limited Guaranty (Wells Timberland REIT, Inc.), Guaranty (Wells Timberland REIT, Inc.), Guaranty (Wells Timberland REIT, Inc.)

Waiver of Subrogation. Each Subsidiary Until all guaranteed obligations under this Indenture and with respect to all Securities of an applicable Series are paid in full, each Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s such Guarantor's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes Securities of the applicable Series against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes Securities of the applicable Series shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesSecurities of the applicable Series, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the NotesSecurities of the applicable Series, 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 9.07 is knowingly made in contemplation of such benefits.

Appears in 8 contracts

Samples: Indenture (Horton D R Inc /De/), Indenture (Horton D R Inc /De/), Horton D R Inc /De/

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Supplemental Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Supplemental Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Supplemental Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Supplemental Indenture.

Appears in 7 contracts

Samples: Supplemental Indenture (Graphic Packaging International, LLC), Fourth Supplemental Indenture (Graphic Packaging International, LLC), Indenture (Graphic Packaging International, LLC)

Waiver of Subrogation. Each Subsidiary Note Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Note Guarantor’s obligations under its Subsidiary Note Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Note Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Note Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 6 contracts

Samples: Indenture (Graphic Packaging Corp), Indenture (Graphic Packaging Holding Co), Indenture (Graphic Packaging Corp)

Waiver of Subrogation. Each Subsidiary Until the payment in full of all Guaranteed Obligations, each Guarantor hereby irrevocably waives and agrees not to exercise any claim or other rights that 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 Loan Agreement and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this IndentureGuaranty, including in any such instance including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, contribution and indemnification and any right to participate in any claim or remedy of any Holder of Notes the Issuer or the Trustee against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Company, directly or indirectly, in cash or other assets or by set-off or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes any Guaranteed Obligations shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of Issuer or the NotesTrustee, as applicable, and shall forthwith be paid to the Trustee for Issuer or the benefit of such Holders Trustee, as applicable, to be credited and applied upon to the Notesobligations in favor of the Issuer or the Trustee, as applicable, whether matured or unmatured, in accordance with the terms of this IndentureGuaranty. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Guaranty and that the waiver set forth in this Section 8 is knowingly made in contemplation of such benefits.

Appears in 5 contracts

Samples: Guaranty Agreement (Casella Waste Systems Inc), Guaranty Agreement (Casella Waste Systems Inc), Guaranty Agreement (Casella Waste Systems Inc)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall shall, subject to the provisions of Section 10.2, forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.7 is knowingly made in contemplation of such benefits.

Appears in 5 contracts

Samples: Indenture (Webcraft LLC), Indenture (Vertis Inc), Indenture (USA Direct, LLC)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company Issuers that arise from the existence, payment, performance or enforcement of the Company’s Issuers’ obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuers, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 5 contracts

Samples: Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.), Supplemental Indenture (Avis Budget Group, Inc.)

Waiver of Subrogation. Each Parent Guarantor and each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Parent Guarantor’s or Subsidiary Guarantor’s obligations under its Parent Guarantee or Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Parent Guarantor or Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Parent Guarantor or Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 5 contracts

Samples: Indenture (Sally Beauty Holdings, Inc.), Supplemental Indenture (Sally Beauty Holdings, Inc.), Supplemental Indenture (Sally Investment Holdings LLC)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.05 is knowingly made in contemplation of such benefits. ARTICLE ELEVEN [INTENTIONALLY OMITTED] ARTICLE TWELVE MISCELLANEOUS

Appears in 4 contracts

Samples: Indenture (Meritage Corp), Indenture (Meritage Homes CORP), Indenture (M I Homes Inc)

Waiver of Subrogation. Each Subsidiary Guarantor Grantor hereby irrevocably waives to the extent permitted by applicable Law and until such time as the Secured Obligations shall have been paid in full in cash (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and all the Commitments have irrevocably terminated, any claim or other rights that it which such Grantor may now or hereafter acquire against the Company each Borrower or any other Loan Party that arise arises from the existence, payment, performance or enforcement of the Companysuch Grantor’s obligations under the Notes and this Indenture Agreement or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indentureany other Loan Document, including any right of subrogation, reimbursement, exoneration, exoneration or indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender Party against the Companyeach Borrower or any other Loan Party or any collateral which any Lender Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, equity or under contract, statute contract or common law, until this Indenture is discharged and all of the Notes are discharged and paid in fullLaw. If any amount shall be paid to any Subsidiary Guarantor Grantor in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary Guarantor Grantor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for the benefit of such Holders Administrative Agent to be credited and applied upon against the NotesSecured Obligations, whether matured or unmatured, . Each Grantor acknowledges that such Grantor will receive direct and indirect benefits for the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenturesuch benefits.

Appears in 4 contracts

Samples: Pledge Agreement (Wells Timberland REIT, Inc.), Pledge Agreement (Wells Timberland REIT, Inc.), Recognition Agreement (Wells Timberland REIT, Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 4 contracts

Samples: Indenture (Adesa California, LLC), Indenture (Adesa California, LLC), Indenture (Adesa California, LLC)

Waiver of Subrogation. Each Subsidiary Guarantor The Company hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee Guarantee, the Indemnity and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, Issuer whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by setoff or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor the Company in violation of the preceding sentence and the Notes shall not have been paid in full, ; such amount shall be have been deemed to have been paid to such Subsidiary Guarantor the Company for the benefit of, and held in trust for the benefit of, the Holders of the NotesSecurities, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture. The Company 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 10.04 is knowingly made in contemplation of such benefits.

Appears in 4 contracts

Samples: Indenture (Pt Polytama Propindo), Indenture (Pt Polytama Propindo), Indenture (Pt Polytama Propindo)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Note Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.06 is knowingly made in contemplation of such benefits.

Appears in 3 contracts

Samples: Imc Global Inc, Covenants (Imc Global Inc), Imc Global Inc

Waiver of Subrogation. Each Subsidiary Until all guaranteed obligations under this Indenture and with respect to all Notes are paid in full, each Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Companysuch Guarantor’s obligations under the Guarantee of the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.07 is knowingly made in contemplation of such benefits.

Appears in 3 contracts

Samples: Sixteenth Supplemental Indenture (Standard Pacific Corp /De/), Twentieth Supplemental Indenture (Standard Pacific Corp /De/), Twenty First Supplemental Indenture (Standard Pacific Corp /De/)

Waiver of Subrogation. Each Subsidiary Until the payment in full of all Guaranteed Obligations, each Guarantor hereby irrevocably waives and agrees not to exercise any claim or other rights that 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 Financing Agreement and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this IndentureGuaranty, including in any such instance including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, contribution and indemnification and any right to participate in any claim or remedy of any Holder of Notes the Authority or the Trustee against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Company, directly or indirectly, in cash or other assets or by set-off or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes any Guaranteed Obligations shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of Authority or the NotesTrustee, as applicable, and shall forthwith be paid to the Trustee for Authority or the benefit of such Holders Trustee, as applicable, to be credited and applied upon to the Notesobligations in favor of the Authority or the Trustee, as applicable, whether matured or unmatured, in accordance with the terms of this IndentureGuaranty. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Guaranty and that the waiver set forth in this Section 8 is knowingly made in contemplation of such benefits.

Appears in 3 contracts

Samples: Guaranty Agreement (Casella Waste Systems Inc), Guaranty Agreement (Casella Waste Systems Inc), Guaranty Agreement (Casella Waste Systems Inc)

Waiver of Subrogation. Each Subsidiary Guarantor Guarantor, if any, hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company Issuers that arise from the existence, payment, performance or enforcement of the Company’s Issuers’ obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuers, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 3 contracts

Samples: RSC Equipment Rental, Inc., RSC Equipment Rental, Inc., RSC Equipment Rental, Inc.

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Note Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.05 is knowingly made in contemplation of such benefits. ARTICLE ELEVEN [INTENTIONALLY OMITTED] ARTICLE TWELVE

Appears in 3 contracts

Samples: Weyerhaeuser Real Estate Company (TRI Pointe Homes, Inc.), Weyerhaeuser Real Estate Company (TRI Pointe Homes, Inc.), Indenture (Meritage Homes CORP)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Note Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.04 is knowingly made in contemplation of such benefits.

Appears in 3 contracts

Samples: Indenture (Mueller Water Products, Inc.), Indenture (Mueller Water Products, Inc.), Supplemental Indenture (Cooper-Standard Holdings Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives Notwithstanding any claim payment or other payments made by a Borrower hereunder, or any set-off or application of funds of any Borrower by the Administrative Agent or any Lender, such Borrower shall not be entitled to be subrogated to any of the rights that it may now or hereafter acquire of the Administrative Agent and the Lenders against the Company that arise other Borrower or against any collateral security or guarantee or right of offset held by the Administrative Agent or the Lenders for the payment of the Borrower Obligations, nor shall either Borrower seek any reimbursement or contribution from the existence, payment, performance or enforcement other Borrower in respect of the Company’s obligations under the Notes and this Indenture or payments made by such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common lawBorrower hereunder, until this Indenture is discharged and all of the Notes Borrower Obligations are discharged and paid in full, no Letters of Credit remain outstanding and the Aggregate Commitments have expired or been terminated. If any amount shall be paid to either Borrower on account of such subrogation rights at any Subsidiary Guarantor in violation time when all of the preceding sentence and the Notes Borrower Obligations shall not have been paid in full, any Letter of Credit remains outstanding or the Aggregate Commitments have not expired or been terminated, such amount shall be deemed to have been paid to held by such Subsidiary Guarantor for the benefit ofBorrower, and held in trust for the Administrative Agent and each Lender, segregated from other funds of such Borrower and shall, forthwith upon receipt by such Borrower, be turned over to the Administrative Agent, for the ratable benefit of, the Holders of the NotesAdministrative Agent and the Lenders, and shall forthwith be paid to in the Trustee for the benefit of exact form received by such Holders Borrower (duly indorsed by such Borrower, if required), to be credited and applied upon against the NotesBorrower Obligations, whether matured mature or unmatured, in accordance with the terms of this Indenturesuch order as any Lender may determine.

Appears in 3 contracts

Samples: Security Agreement (Enbridge Energy Partners Lp), Credit Agreement (Midcoast Energy Partners, L.P.), Security Agreement (Midcoast Energy Partners, L.P.)

Waiver of Subrogation. Each Subsidiary The Guarantor hereby irrevocably waives to the extent permitted by applicable Law and until such time as the Guaranteed Obligations shall have been paid in full in cash and the Commitments have irrevocably terminated, any claim or other rights that which it may now or hereafter acquire against the Company Borrowers or any other Loan Party that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this IndentureGuaranty or any other Loan Document or any Rate Protection Agreement, including any right of subrogation, reimbursement, exoneration, exoneration or indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender Party against the CompanyBorrowers or any other Loan Party or any collateral which any Lender Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, or under contract, statute contract or common law, until this Indenture is discharged and all of the Notes are discharged and paid in fullLaw. If any amount shall be paid to any Subsidiary the Guarantor in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary the Guarantor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for Administrative Agent on behalf of the benefit of such Holders Lender Parties to be credited and applied upon against the NotesGuaranteed Obligations, whether matured or unmatured, . The Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenturesuch benefits.

Appears in 3 contracts

Samples: Guaranty (CatchMark Timber Trust, Inc.), CatchMark Timber Trust, Inc., CatchMark Timber Trust, Inc.

Waiver of Subrogation. Each Subsidiary Until such time as the Notes and the other Obligations of the Company guaranteed hereof have been satisfied in full, each Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Note Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.05 is knowingly made in contemplation of such benefits.

Appears in 3 contracts

Samples: Indenture (Phi Inc), Indenture (Phi Inc), Indenture (Phi Inc)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives waives, until and unless all of the Obligations guaranteed hereby are indefeasibly discharged, any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s such Guarantor's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee Guarantees and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 11.07 is knowingly made in contemplation of such benefits.

Appears in 3 contracts

Samples: Indenture (Silverleaf Resorts Inc), Supplemental Indenture (Bulls Eye Marketing Inc /Ca/), Silverleaf Resorts Inc

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 3 contracts

Samples: Collateral Trust Agreement (Tenneco Inc), Collateral Trust Agreement (Tenneco Inc), Phinia Inc.

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 3 contracts

Samples: Indenture (Beacon Roofing Supply Inc), Indenture (Beacon Roofing Supply Inc), Indenture (Beacon Roofing Supply Inc)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably Guarantor, by execution of this Indenture pursuant to this Article Fifteen, waives to the extent permitted by law any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary such Note Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Company, directly or indirectly, in cash or other property or by the set-off or in any other manner, payment on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes Securities shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesSecurities, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the NotesSecurities, whether matured or unmatured, in accordance with the terms of this Indenture. Each Guarantor, by execution of this Indenture pursuant to this Article Fifteen, shall acknowledge that it shall receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that the waiver set forth in this Section 1507 is knowingly made in contemplation of such benefits.

Appears in 3 contracts

Samples: Senior Indenture (Alpha Natural Resources, Inc.), Indenture (Energy Transport CO), Senior Indenture (Massey Energy Co)

Waiver of Subrogation. Each Subsidiary Guarantor The Grantor hereby irrevocably waives to the extent permitted by applicable Law and until such time as the Secured Obligations shall have been paid in full in cash (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and all the Commitments have irrevocably terminated, any claim or other rights that which it may now or hereafter acquire against the Company Borrowers or any other Loan Party that arise arises from the existence, payment, performance or enforcement of the CompanyGrantor’s obligations under the Notes and this Indenture Agreement or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indentureany other Loan Document, including any right of subrogation, reimbursement, exoneration, exoneration or indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender Party against the CompanyBorrowers or any other Loan Party or any collateral which any Lender Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, equity or under contract, statute contract or common law, until this Indenture is discharged and all of the Notes are discharged and paid in fullLaw. If any amount shall be paid to any Subsidiary Guarantor the Grantor in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary Guarantor the Grantor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for the benefit of such Holders Administrative Agent to be credited and applied upon against the NotesSecured Obligations, whether matured or unmatured, . The Grantor acknowledges that it will receive direct and indirect benefits for the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenture.such benefits

Appears in 2 contracts

Samples: Recognition Agreement (Wells Timberland REIT, Inc.), Equity Raise Account Security Agreement (Wells Timberland REIT, Inc.)

Waiver of Subrogation. Each Subsidiary Until all guaranteed obligations under this Indenture and with respect to all Notes are paid in full, each Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Companysuch Guarantor’s obligations under the Guarantee of the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 11.07 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Fourteenth Supplemental Indenture (Standard Pacific Corp /De/), Paying Agent (Standard Pacific Corp /De/)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes and this the Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Note Guarantee and this the Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this the Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesNotes of such series, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the such Notes, whether matured or unmatured, in accordance with the terms of this the Indenture.

Appears in 2 contracts

Samples: Supplemental Indenture (Beckman Coulter Inc), Supplemental Indenture (Beckman Coulter Inc)

Waiver of Subrogation. Each Subsidiary Note Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes and this Indenture or such Subsidiary Note Guarantor’s 's obligations under its Subsidiary Note Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary a Note Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Note Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 2 contracts

Samples: Refinancing Agreement (Relocation Management Systems Inc), Us Office Products Co

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 15.04 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Care Capital Properties, Inc., Sabra Health Care REIT, Inc.

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s obligations such Guarantor's Obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 11.08 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Neff Corp, Landmark Theatre Corp

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and Senior Subordinated Note Obligations shall have been paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, 167 and held in trust for the benefit of, the Holders of the Notes, and shall shall, subject to the subordination provisions of this Article and to Article Fourteen, forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 2 contracts

Samples: Indenture (Leiner Health Products Inc), Indenture (Leiner Health Products Inc)

Waiver of Subrogation. Each Subsidiary Guarantor Until the Notes have been paid in full, the Company hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Note Guarantee and this Supplemental Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor the Company in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor the Company for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of the Indenture. The Company acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and that the waiver set forth in this IndentureSection 2.5 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Indenture (Affiliate Investment, Inc.), Supplemental Indenture (Affiliate Investment, Inc.)

Waiver of Subrogation. Each Until the Notes are paid in full, each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its this Subsidiary Guarantee and this First Supplemental Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Company, directly or indirectly, in cash or other property or by setoff or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this First Supplemental Indenture. Each Subsidiary Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this First Supplemental Indenture and that the waiver set forth in this Section 8.06 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: First Supplemental Indenture (NVR Inc), Indenture (NVR Inc)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company or any of its Subsidiaries that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its this Subsidiary Guarantee and this Supplemental Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyCompany or any of its Subsidiaries, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Company or any of the Notes are discharged and paid its Subsidiaries, directly or indirectly, in fullcash 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 Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Supplemental Indenture. Each Subsidiary Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Supplemental Indenture and that the waiver set forth in this Section 4.05 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Indenture (Beazer Homes Usa Inc), Eighth Supplemental Indenture (Beazer Homes Usa Inc)

Waiver of Subrogation. Each Subsidiary Until all guaranteed obligations under this Indenture and with respect to all Notes are paid in full, each Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Companysuch Guarantor’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, indemnification and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, of the Holders of the Notes, and shall forthwith be paid to the Trustee trustee for the benefit of such Holders holders to be credited and applied upon the Notes, 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 10.7 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Nuveen Investments Holdings, Inc., Nuveen Investments Holdings, Inc.

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives (a) any claim or other rights that it right which Guarantor may now have or hereafter acquire by way of subrogation under this Guaranty, by law or otherwise or by way of reimbursement, indemnity, exoneration, or contribution; or (b) any right to assert defenses as the primary obligor of the Obligations; or (c) any other claim which it now has or may hereafter acquire against the Lessee or any other person or against or with respect to the Lessee's property (including, without limitation, any property which has been pledged to secure the Obligations); or (d) any right to enforce any remedy which the Trustee may now have or hereafter acquire against the Company that arise from the existenceLessee or any other guarantor, paymentmaker or endorser; in any case, performance or enforcement whether any of the Company’s obligations under the Notes foregoing claims, remedies and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises rights may arise in equity, or under contract, statute by payment, statute, common law or common law, until this Indenture is discharged and all otherwise. If in violation of the Notes are discharged and paid in full. If foregoing any amount shall be paid to Guarantor on account of any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in fullsuch rights at any time, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, Trustee and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon against the NotesObligations and Expenses, whether matured or unmatured, in accordance with the terms of this Indenturethe Lease.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Ubics Inc), Guaranty and Suretyship Agreement (Ubics Inc)

Waiver of Subrogation. Each Until all Obligations under each of the Subsidiary Guarantor Guarantees, the Notes and this Indenture are paid in full, each of the Subsidiary Guarantors hereby irrevocably waives any claim claims or other rights that 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 and this Indenture or such Subsidiary Guarantor’s its obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, indemnification and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any of the Subsidiary Guarantor Guarantors in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor Person for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall shall, forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture. Each of the Subsidiary Guarantors 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 10.06 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Indenture (Gaylord Container Corp /De/), Gaylord Container Corp /De/

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.06 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Indenture (General Cable Corp /De/), Indenture (General Cable Corp /De/)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Note Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 2 contracts

Samples: Minerals Technologies Inc, Xerox Corp

Waiver of Subrogation. Each Subsidiary Debenture Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes Securities of either series and this Indenture or such Subsidiary Debenture Guarantor’s 's obligations under its Subsidiary Debenture Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes Securities of either series against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes Securities of both series are discharged and paid in full. If any amount shall be paid to any Subsidiary Debenture Guarantor in violation of the preceding sentence and the Notes Securities of the relevant series shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Debenture Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesSecurities of such series, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notessuch Securities, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 2 contracts

Samples: Beckman Coulter Inc, Beckman Coulter Inc

Waiver of Subrogation. Each Subsidiary Until all guaranteed obligations under the Indenture and with respect to all Notes are paid in full, each Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Companysuch Guarantor’s obligations under the Guarantee of the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this the Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of the Indenture. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and that the waiver set forth in this IndentureSection 2.07 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Standard Pacific Corp /De/), Eleventh Supplemental Indenture (Standard Pacific Corp /De/)

Waiver of Subrogation. Each Subsidiary Until all guaranteed obligations under the Indenture and with respect to all Notes are paid in full, each Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Companysuch Guarantor’s obligations under the Guarantee of the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this the Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of the Indenture. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and that the waiver set forth in this IndentureSection 10.07 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Twenty Eighth Supplemental Indenture (CalAtlantic Group, Inc.), Twenty Seventh Supplemental Indenture (CalAtlantic Group, Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor Grantor hereby irrevocably waives to the extent permitted by applicable Law and until such time as the Secured Obligations shall have been paid in full in cash (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and all the Commitments have irrevocably terminated, any claim or other rights that which it may now or hereafter acquire against the Company Borrowers or any other Loan Party that arise arises from the existence, payment, performance or enforcement of the Companysuch Grantor’s obligations under the Notes and this Indenture Agreement or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indentureany other Loan Document, including any right of subrogation, reimbursement, exoneration, exoneration or indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender Party against the CompanyBorrowers or any other Loan Party or any collateral which any Lender Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, equity or under contract, statute contract or common law, until this Indenture is discharged and all of the Notes are discharged and paid in fullLaw. If any amount shall be paid to any Subsidiary Guarantor Grantor in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary Guarantor Grantor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for the benefit of such Holders Administrative Agent to be credited and applied upon against the NotesSecured Obligations, whether matured or unmatured, . Each Grantor acknowledges that it will receive direct and indirect benefits for the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenture.such benefits

Appears in 2 contracts

Samples: Recognition Agreement (Wells Timberland REIT, Inc.), Security Agreement (Wells Timberland REIT, Inc.)

Waiver of Subrogation. Each Guarantor, by execution of its Subsidiary Guarantor hereby irrevocably Guarantee, waives to the extent permitted by law any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s such Guarantor's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of the Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture. Each Guarantor, by execution of its Subsidiary Guarantee, shall acknowledge that it shall receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that the waiver set forth in this Section 10.4 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Trinity Marine Products, Inc., Trinity Industries Inc

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company any Issuer that arise from the existence, payment, performance or enforcement of the Companysuch Issuer’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Companysuch Issuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 2 contracts

Samples: Indenture (Univar Solutions Inc.), Univar Inc.

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Publishing that arise from the existence, payment, performance or enforcement of the Company’s such Guarantor's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Senior Notes against the CompanyPublishing, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from Publishing, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Senior Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Senior Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Senior Notes, 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 11.08 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Indenture (Golden Books Family Entertainment Inc), Golden Books Family Entertainment Inc

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this the Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of the Indenture. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and that the waiver set forth in this IndentureSection 8.05 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Sixth Supplemental Indenture (Lennox International Inc), Lennox International Inc

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 11.07 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Indenture (Language Line Costa Rica, LLC), Indenture (Atlantic Broadband Management, LLC)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 Securities and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes Securities are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes Securities shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the NotesSecurities, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 2 contracts

Samples: Supplemental Indenture (Greif Inc), Indenture (Beacon Roofing Supply Inc)

Waiver of Subrogation. Each Subsidiary Until all Obligations under the Notes are paid in full, any Parent Guarantor hereby irrevocably waives any claim claims or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary any Parent Guarantor’s obligations Obligations under its Subsidiary Note Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuers, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including the right to take or receive from the Issuers, directly or indirectly, in cash or other property or by setoff or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Parent Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary any Parent Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such the Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 2 contracts

Samples: Indenture (Charter Communications Inc /Mo/), CCH Ii Capital Corp

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Note Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.04 is knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Indenture (Crown Holdings Inc), Indenture (Crown Holdings Inc)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives Until the Obligations are paid in full or satisfaction of the conditions specified in Section 2.3, and except for Borrower’s repayment of the Intercompany Loans, which may occur at any time that this Agreement is in effect, the Company shall not enforce or exercise any claim or other rights that which it may now or hereafter acquire against the Company Borrower that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture Agreement or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indentureany other Loan Document, including any right of subrogation, reimbursement, exoneration, or indemnification, and any right to participate in any claim or remedy of any Holder of Notes the Administrative Agent or Lender against the CompanyBorrower or any collateral which the Administrative Agent now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including the right to take or receive from the Borrower, directly or indirectly, in cash or other property or by set-off or in any manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor Company in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary Guarantor Company for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender, and shall forthwith be paid to the Trustee Administrative Agent for the benefit of such Holders the Lender by the Company to be credited and applied upon the NotesObligations, whether matured or unmatured, . Company acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenturesuch benefits.

Appears in 2 contracts

Samples: Asset Sale Agreement (PostRock Energy Corp), Asset Sale Agreement (PostRock Energy Corp)

Waiver of Subrogation. Each Subsidiary Guarantor Pledgor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Borrower or any other Designated Entity that arise from the existence, payment, performance or enforcement of the Company’s Pledgor's obligations under the Notes and this Indenture Pledge Agreement or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indentureany other Loan Document, including any right of subrogation, reimbursement, exoneration, or indemnification, and any right to participate in any claim or remedy of Lender Parties against Borrower or any Holder of Notes against the Companyother Designated Entity or any collateral which Collateral Agent now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including the right to take or receive from Borrower or any other Designated Entity, directly or indirectly, in cash or other property or by set-off or in any manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor Pledgor in violation of the preceding sentence and the Notes Obligations shall not have been paid in fullcash in full and the Commitments have not been terminated, such amount shall be deemed to have been paid to such Subsidiary Guarantor Pledgor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for the benefit of such Holders Lender Parties to be credited and applied upon the NotesObligations, whether matured or unmatured, in accordance with the terms of this Indenture.or

Appears in 1 contract

Samples: Pledge Agreement (Pioneer Natural Resources Co)

Waiver of Subrogation. Each Subsidiary So long as this Guaranty remains in effect, Guarantor hereby irrevocably waives (a) any claim or other rights that it right which Guarantor may now have or hereafter acquire by way of subrogation under this Guaranty, by law or otherwise or by way of reimbursement, indemnity, exoneration, or contribution; or (b) any right to assert defenses as the primary obligor of the Obligations; or (c) any other claim which it now has or may hereafter acquire against Purchaser or against or with respect to Purchaser's property (including, without limitation, any property which has been pledged to secure the Obligations); or (d) any right to enforce any remedy which Lender may now have or hereafter acquire against the Company that arise from the existencePurchaser or any other guarantor, paymentmaker or endorser; in any case, performance or enforcement whether any of the Company’s obligations under the Notes foregoing claims, remedies and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises rights may arise in equity, or under contract, statute by payment, statute, common law or common law, until this Indenture is discharged and all otherwise. If in violation of the Notes are discharged and paid in full. If foregoing any amount shall be paid to Guarantor on account of any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in fullsuch rights at any time, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, Lender and shall forthwith be paid to the Trustee for the benefit of such Holders Lender to be credited and applied upon against the NotesObligations and Expenses, whether matured or unmatured, in accordance with the terms of this Indenturethe Note (or such other written agreement as may govern such amount).

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Indus International Inc)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company Issuers that arise from the existence, payment, performance or enforcement of the Company’s Issuers’ obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuers, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this 106 Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Intercreditor Agreement (Lannett Co Inc)

Waiver of Subrogation. Each Until all Obligations are paid in full, each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Orbital Imaging Corp

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Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this the Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of the Indenture. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and that the waiver set forth in this IndentureSection 15.06 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Supplemental Indenture (DCT Industrial Trust Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Note Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary to any Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 12.06 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Indenture (Nbty Inc)

Waiver of Subrogation. Each Subsidiary The Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the CompanyGuarantor’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of 2021 Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the 2021 Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, 2021 Notes and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the 2021 Notes, whether matured or unmatured, in accordance with the terms of the Indenture. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and that the waiver set forth in this IndentureSection 3.7 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Third Supplemental Indenture (JMP Group LLC)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives (a) any claim or other rights that it right which Guarantor may now have or hereafter acquire by way of subrogation under this Guaranty, by law or otherwise or by way of reimbursement, indemnity, exoneration, or contribution; or (b) any right to assert defenses as the primary obligor of the Obligations; or (c) any other claim which it now has or may hereafter acquire against Applicant or any other person or against or with respect to Applicant's property (including, without limitation, any property which has been pledged to secure the Obligations); or (d) any right to enforce any remedy which Bank may now have or hereafter acquire against the Company that arise from the existenceApplicant or any other guarantor, paymentmaker or endorser; in any case, performance or enforcement whether any of the Company’s obligations under the Notes foregoing claims, remedies and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises rights may arise in equity, or under contract, statute by payment, statute, common law or common law, until this Indenture is discharged and all otherwise. If in violation of the Notes are discharged and paid in full. If foregoing any amount shall be paid to Guarantor on account of any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in fullsuch rights at any time, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, Bank and shall forthwith be paid to the Trustee for the benefit of such Holders Bank to be credited and applied upon against the NotesObligations and Expenses, whether matured or unmatured, in accordance with the terms of this Indenturethe Letter of Credit Agreements.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Universal Display Corp \Pa\)

Waiver of Subrogation. Each Subsidiary Guarantor hereby --------------------- irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any a Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Avalon Rehabilitation & Healthcare LLC

Waiver of Subrogation. Each Until all Obligations are paid, in full each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Company, directly or indirectly, in cash or other -85- 91 property or by set-off or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Orbital Imaging Corp

Waiver of Subrogation. Each Subsidiary Guarantor Guarantor, if any, hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company Issuers that arise from the existence, payment, performance or enforcement of the Company’s Issuers' obligations under the Notes and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuers, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: RSC Holdings Inc.

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s such Guarantor's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes Securities against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes Securities shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesSecurities, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the NotesSecurities, 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 11.09 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Indenture (Interface Inc)

Waiver of Subrogation. Each Subsidiary Guarantor The Company hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuers that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee Guaranty, the Indemnity and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes Securities against the Company, Issuers whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuers, directly or indirectly, in cash or other property 107 or by setoff or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor the Company in violation of the preceding sentence and the Notes Securities shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor the Company for the benefit of, and held in trust for the benefit of, the Holders of the NotesSecurities, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the NotesSecurities, whether matured or unmatured, in accordance with the terms of this Indenture. The Company 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 12.04 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: NSM Steel Co LTD

Waiver of Subrogation. Each Subsidiary Guarantor The Company hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuers that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee Guaranty, the Indemnity and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes Securities against the Company, Issuers whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuers, directly or indirectly, in cash or other property or by setoff or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor the Company in violation of the preceding sentence and the Notes Securities shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor the Company for the benefit of, and held in trust for the benefit of, the Holders of the NotesSecurities, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the NotesSecurities, whether matured or unmatured, in accordance with the terms of this Indenture. The Company 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 12.04 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: NSM Steel Co LTD

Waiver of Subrogation. Each Subsidiary Guarantor Grantor hereby irrevocably waives to the extent permitted by applicable Law and until such time as the Secured Obligations shall have been paid in full in cash (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and all the Commitments have irrevocably terminated, any claim or other rights that which it may now or hereafter acquire against the Company Borrower or any other Loan Party that arise arises from the existence, payment, performance or enforcement of the Companysuch Grantor’s obligations under the Notes and this Indenture Agreement or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indentureany other Loan Document, including any right of subrogation, reimbursement, exoneration, exoneration or indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender Party against the CompanyBorrower or any other Loan Party or any collateral which any Lender Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, equity or under contract, statute contract or common law, until this Indenture is discharged and all of the Notes are discharged and paid in fullLaw. If any amount shall be paid to any Subsidiary Guarantor Grantor in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary Guarantor Grantor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for the benefit of such Holders Administrative Agent to be credited and applied upon against the NotesSecured Obligations, whether matured or unmatured, . Each Grantor acknowledges that it will receive direct and indirect benefits for the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenture.such benefits

Appears in 1 contract

Samples: Subordinated Security Agreement (Wells Timberland REIT, Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company Borrower that arise from the existence, payment, performance or enforcement of the CompanyBorrower’s obligations under the Credit Agreement and the Senior Interim Loan Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this IndentureAgreement, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender against the CompanyBorrower, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture Agreement is discharged and all of the Loans and Senior Interim Loan Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Loans and Senior Interim Loan Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesLenders, and shall forthwith be paid to the Trustee Administrative Agent for the benefit of such Holders Lenders to be credited and applied upon the Loans and Senior Interim Loan Notes, whether matured or unmatured, in accordance with the terms of this IndentureAgreement.

Appears in 1 contract

Samples: Guarantee Agreement (Servicemaster Co)

Waiver of Subrogation. Each Subsidiary Until payment in full of the Notes, each Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations Obligations under its Subsidiary this Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including the right to take or receive from the Company, directly or indirectly, in cash or other property or by setoff or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 11.07 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Graphic Packaging Corp

Waiver of Subrogation. Each Until all Obligations are paid in full each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s such Subsidiary Guarantor's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee Guarantees and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall shall, subject to the provisions of Section 11.02, Article Ten and Article Twelve, forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture. Each Subsidiary 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 11.08 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Indenture (Perry-Judds Inc)

Waiver of Subrogation. Each Subsidiary Guarantor Grantor hereby irrevocably waives to the extent permitted by applicable Law and until such time as the Secured Obligations shall have been paid in full in cash (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and all the Commitments have irrevocably terminated, any claim or other rights that it which such Grantor may now or hereafter acquire against the Company each Borrower or any other Loan Party that arise arises from the existence, payment, performance or enforcement of the Companysuch Grantor’s obligations under the Notes and this Indenture Agreement or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indentureany other Loan Document or otherwise, including any right of subrogation, reimbursement, exoneration, exoneration or indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender Party against the Companyeach Borrower or any other Loan Party or any collateral which any Lender Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, equity or under contract, statute contract or common law, until this Indenture is discharged and all of the Notes are discharged and paid in fullLaw. If any amount shall be paid to any Subsidiary Guarantor Grantor in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary Guarantor Grantor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for the benefit of such Holders Administrative Agent to be credited and applied upon against the NotesSecured Obligations, whether matured or unmatured, . Each Grantor acknowledges that such Grantor will receive direct and indirect benefits for the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenture.such benefits

Appears in 1 contract

Samples: Security Agreement (CatchMark Timber Trust, Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit 147 of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Intercreditor Agreement (Hertz Global Holdings Inc)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuers that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuers, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuers, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.06 is knowingly made in contemplation of such benefits. ARTICLE ELEVEN

Appears in 1 contract

Samples: Indenture (Ashton Woods USA L.L.C.)

Waiver of Subrogation. Each Subsidiary of the Parent Guarantor --------------------- and each Note Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Parent Guarantee or Note Guarantee, as the case may be, and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary a Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Dynatech Corp

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 Securities and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to Table of Contents participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes Securities are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes Securities shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the NotesSecurities, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Indenture (Beacon Roofing Supply Inc)

Waiver of Subrogation. Each Subsidiary Note Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company either Issuer that arise from the existence, payment, performance or enforcement of the Company’s such Issuer's obligations under the Notes and this Indenture or such Subsidiary Note Guarantor’s 's obligations under its Subsidiary Note Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Note Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Note Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Dirsamex Sa De Cv

Waiver of Subrogation. Each Subsidiary Note Guarantor hereby --------------------- irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company either Issuer that arise from the existence, payment, performance or enforcement of the Company’s such Issuer's obligations under the Notes and this Indenture or such Subsidiary Note Guarantor’s 's obligations under its Subsidiary Note Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Note Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Note Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Jafra Cosmetics International Sa De Cv

Waiver of Subrogation. Each Subsidiary Guarantor The Grantor hereby irrevocably waives to the extent permitted by applicable Law and until such time as the Secured Obligations shall have been paid in full in cash (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and all the Commitments have irrevocably terminated, any claim or other rights that which it may now or hereafter acquire against the Company Borrower or any other Loan Party that arise arises from the existence, payment, performance or enforcement of the CompanyGrantor’s obligations under the Notes and this Indenture Agreement or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indentureany other Loan Document or otherwise, including any right of subrogation, reimbursement, exoneration, exoneration or indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender Party against the CompanyBorrower or any other Loan Party or any collateral which any Lender Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, equity or under contract, statute contract or common law, until this Indenture is discharged and all of the Notes are discharged and paid in fullLaw. If any amount shall be paid to any Subsidiary Guarantor the Grantor in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary Guarantor the Grantor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for the benefit of such Holders Administrative Agent to be credited and applied upon against the NotesSecured Obligations, whether matured or unmatured, . The Grantor acknowledges that it will receive direct and indirect benefits for the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenture.such benefits

Appears in 1 contract

Samples: Security Agreement (CatchMark Timber Trust, Inc.)

Waiver of Subrogation. Each Subsidiary Note Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes Securities and this Indenture or such Subsidiary Note Guarantor’s 's obligations under its Subsidiary Note Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes Securities and other Guaranteed Obligations are discharged and paid in full. If any amount shall be paid to any Subsidiary a Note Guarantor in violation of the preceding sentence and the Notes Securities and other Guaranteed Obligations shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Note Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesSecurities, and shall forthwith be paid to the Trustee for the benefit of such the Holders to be credited and applied upon the NotesSecurities, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Indenture (Fairpoint Communications Inc)

Waiver of Subrogation. Each Subsidiary Guarantor The Grantor hereby irrevocably waives to the extent permitted by applicable Law and until such time as the Secured Obligations shall have been paid in full in cash (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and all the Commitments have irrevocably terminated, any claim or other rights that which it may now or hereafter acquire against the Company each Borrower or any other Loan Party that arise arises from the existence, payment, performance or enforcement of the CompanyGrantor’s obligations under the Notes and this Indenture Agreement or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indentureany other Loan Document or otherwise, including any right of subrogation, reimbursement, exoneration, exoneration or indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender Party against the Companyeach Borrower or any other Loan Party or any collateral which any Lender Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, equity or under contract, statute contract or common law, until this Indenture is discharged and all of the Notes are discharged and paid in fullLaw. If any amount shall be paid to any Subsidiary Guarantor the Grantor in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary Guarantor the Grantor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for the benefit of such Holders Administrative Agent to be credited and applied upon against the NotesSecured Obligations, whether matured or unmatured, . The Grantor acknowledges that it will receive direct and indirect benefits for the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenture.such benefits

Appears in 1 contract

Samples: Security Agreement (CatchMark Timber Trust, Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor The Company hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuers that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee Guaranty, the Indemnity and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes Securities against the Company, Issuers whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuers, directly or indirectly, in cash or other property or by setoff or in any other manner, payment or security on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor the Company in violation of the preceding sentence and the Notes Securities shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor the Company for the benefit of, and held in trust for the benefit of, the Holders of the NotesSecurities, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the NotesSecurities, whether matured or unmatured, in accordance with the terms of this Indenture. The Company acknowledges that it will 102 receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that the waiver set forth in this Section 11.04 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: NSM Steel Co LTD

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common 105 law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Indenture (Avis Budget Group, Inc.)

Waiver of Subrogation. Each of the Parent Guarantor and each Significant Subsidiary Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Transferred Notes and this Indenture the Agreement or such Subsidiary Guarantor’s 's obligations under its Subsidiary Parent Guarantee or Springing Guarantee, as the case may be, and this Indenturethe Agreement, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Transferred Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture the Agreement is discharged and all of the Transferred Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary a Guarantor in violation of the preceding sentence and the Transferred Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Transferred Notes, and shall forthwith be paid to the Trustee for the benefit Holders of such Holders Transferred Notes to be credited and applied upon the Transferred Notes, whether matured or unmatured, in accordance with the terms of the Agreement and this Indenture.Annex A.

Appears in 1 contract

Samples: Investment Agreement (Acterna Corp)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.06 is knowingly made in contemplation of such benefits. ARTICLE ELEVEN

Appears in 1 contract

Samples: Indenture (National Credit & Guaranty CORP)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all 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 Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.6 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Indenture (Seneca Erie Gaming Corp)

Waiver of Subrogation. Each Subsidiary The Parent Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary the Parent Guarantor’s obligations under its Subsidiary the Parent Senior Subordinated Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary the Parent Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary the Parent Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Second Supplemental Indenture (CDRV Investors, Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor Grantor hereby irrevocably waives to the extent permitted by Law and until such time as the Secured Obligations shall have been paid in full in cash (on terms and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent) and all the Commitments have irrevocably terminated, any claim or other rights that it which such Grantor may now or hereafter acquire against the Company Borrower or any other Loan Party that arise arises from the existence, payment, performance or enforcement of the Companysuch Grantor’s obligations under the Notes and this Indenture Agreement or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indentureany other Loan Document or otherwise, including any right of subrogation, reimbursement, exoneration, exoneration or indemnification, and any right to participate in any claim or remedy of any Holder of Notes Lender Party against the CompanyBorrower or any other Loan Party or any collateral which any Lender Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, equity or under contract, statute contract or common law, until this Indenture is discharged and all of the Notes are discharged and paid in fullLaw. If any amount shall be paid to any Subsidiary Guarantor Grantor in violation of the preceding sentence and the Notes shall not have been paid in fullsentence, such amount shall be deemed to have been paid to such Subsidiary Guarantor Grantor for the benefit of, and held in trust for the benefit offor, the Holders of the NotesLender Parties, and shall forthwith be paid to the Trustee for the benefit of such Holders Administrative Agent to be credited and applied upon against the NotesSecured Obligations, whether matured or unmatured, . Each Grantor acknowledges that such Grantor will receive direct and indirect benefits for the financing arrangements contemplated by the Credit Agreement and that the waiver set forth in accordance with the terms this Section is knowingly made in contemplation of this Indenturesuch benefits.

Appears in 1 contract

Samples: Pledge Agreement (CatchMark Timber Trust, Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the CompanyIssuer’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Avis Budget Group, Inc.

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, 111 remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any a Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Iesi Tx Corp

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Note Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.05 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Indenture (LYON EAST GARRISON Co I, LLC)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that 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 and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and 105 shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Indenture (Avis Budget Group, Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company’s 's obligations under the Notes and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any a Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Atlantic Health Group Inc

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuer that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s obligations under its Subsidiary Note Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuer, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuer, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.05 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Meritage Homes CORP

Waiver of Subrogation. Each Subsidiary Parent Guarantor hereby irrevocably waives any claim or other rights that 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 and this the Indenture or such Subsidiary Parent Guarantor’s obligations under its Subsidiary Parent Guarantee and this the Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this the Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Subsidiary Parent Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Subsidiary Parent Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this the Indenture.

Appears in 1 contract

Samples: First Supplemental Indenture (Sally Beauty Holdings, Inc.)

Waiver of Subrogation. Each Subsidiary Guarantor hereby irrevocably waives any claim or other rights that which it may now or hereafter acquire against the Company Issuers that arise from the existence, payment, performance or enforcement of the Company’s obligations under the Notes and this Indenture or such Subsidiary Guarantor’s 's obligations under its Subsidiary Guarantee and this Indenture, including including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the CompanyIssuers, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, until this Indenture is discharged and all including, without limitation, the right to take or receive from the Issuers, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or Note on account of the Notes are discharged and paid in fullsuch claim or other rights. If any amount shall be paid to any Subsidiary Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be have been deemed to have been paid to such Subsidiary Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the NotesHolders, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, 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 10.06 is knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Ashton Houston Residential L.L.C.

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