Subrogated definition
Examples of Subrogated in a sentence
After such payment, the subrogation right purchased by Great Lakes is void and such Loan shall be deemed a Loan subject to this Agreement and will no longer be a Subrogated Loan.
Securityholders to be Subrogated to Right of Holders of Senior Indebtedness .
Subrogated rights or claims shall not exceed prime rights or claims of the investor.
For any Subrogated Loan for which insurance is reinstated in accordance with guarantor policy, Lender will pay Great Lakes an amount equal to the principal balance, of the Subrogated Loan including any unreinsured interest that may have been capitalized, insured accrued interest, and Special Allowance collectible.
Obligations To Be Subrogated to Rights of Holders of Guarantor Senior Debt.
Securityholders to Be Subrogated to Rights of Holders of Senior Debt .
Subrogated Claims If First Gas is the subject of a claim by a Shipper or third party (the Claimant) where the claim (or any part of it) arises because of a purported breach of this Agreement by the Interconnected Party, the following procedure shall apply: First Gas shall immediately give notice of the claim to the Interconnected Party; First Gas will not make any payment or admission of liability in respect of the claim without the prior written consent of the Interconnected Party.
For any Subrogated Loan for which insurance is reinstated in accordance with the Guarantor’s policies, the Lender will pay Great Lakes an amount equal to the principal balance of the Subrogated Loan, including any unreinsured interest that may have been capitalized, insured accrued interest and special allowance collectible.
The Subrogated right of claim shall not be greater than the original right or claim of the said investors.
Securityholders to be Subrogated to Right of Holders of Senior Indebtedness.