Subrogation Rights definition

Subrogation Rights has the meaning set forth in Section 2.6.

Subrogation Rights has the meaning assigned to such term in Article IX.

Subrogation Rights means any and all rights of subrogation, reimbursement, exoneration, contribution or indemnification, any right to participate in any claim or remedy of the Agent or the Guaranteed Parties or any collateral which any Guaranteed Party or the Agent now has or hereafter acquires in connection with the payment, performance or enforcement of the Subsidiary Guarantor's obligations under this Subsidiary Guarantee, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, including the right to take or receive, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim or other rights. To effectuate such subordination, the Subsidiary Guarantor hereby agrees that it shall not be entitled to exercise any Subrogation Rights or to receive any payment by the Borrower in respect of any Guaranteed Obligations until all of the Guaranteed Obligations have been indefeasibly paid in full. If any amount shall be paid to the Subsidiary Guarantor in violation of the preceding sentence and the Guaranteed Obligations shall not have been paid in full or any commitment of any Lender under any of the Agreements shall not have been irrevocably terminated, such amount shall be deemed to have been paid to the Subsidiary Guarantor for the benefit of, and held in trust for, the Agent for the benefit of the Guaranteed Parties, and shall forthwith be paid to the Agent to be credited and applied to the Guaranteed Obligations, whether matured or unmatured. The Subsidiary Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Agreements and that the subordination set forth in this Section is knowingly made in contemplation of such benefits.

Examples of Subrogation Rights in a sentence

• The Subrogation Rights Form shall not be used in lieu of this procedure.

• Waiver of Subrogation Rights: Contractor's Insurer to waive all rights of subrogation against Canada as represented by Fisheries and Oceans Canada and Public Works and Government Services Canada for any and all loss of or damage to the watercraft however caused.

• Waiver of Subrogation Rights: Contractor's Insurer to waive all rights of subrogation against Canada as represented by Environment Canada and Public Works and Government Services Canada for any and all loss of or damage to the vessel, however caused.

• Waiver of Subrogation Rights – The Contractor shall require the carriers of required coverages to waive all rights of subrogation against the County, its officers, employees, agents, volunteers, contractors and subcontractors.

• Form DVR-0104, Subrogation Rights: Assignment of Reimbursement, must be completed and dispensed prior to the provision of any rehabilitation service which is subject to financial eligibility, and there is a likelihood of future litigated or negotiated compensation from another source.

More Definitions of Subrogation Rights

Subrogation Rights has the meaning given to it in paragraph (a)(ii) of Clause 24.8 (Deferral of Guarantor’s rights).

Subrogation Rights means all rights of indemnity, exoneration, subrogation, contribution, and any other such rights that may apply among Borrowers respecting the Obligations.

Subrogation Rights has the meaning assigned to it in Section 9.15(c).

Subrogation Rights has the meaning given to it in paragraph (a)(ii) of Clause 19.8 (Deferral of Guarantor’s rights).

Subrogation Rights as defined in Section 6.6. 36 -28-

Subrogation Rights has the meaning given to it in Clause 28.13 (Subrogation and Assignment).

Subrogation Rights means any and all rights of subrogation, reimbursement, exoneration, contribution or indemnification, any right to participate in any claim or remedy acquired as a result of the payment, performance or enforcement by a GUARANTOR of any of the OBLIGATIONS, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, including the right to take or receive, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim or other rights.