Surety Rights definition
Surety Rights means any right of subrogation, reimbursement, exoneration or contribution of the Pre-Petition Sureties and any lien, right, or other interest of any person to whom the Pre-Petition Sureties may be subrogated.
Surety Rights means the rights of any Holders to receive payment of principal or Redemption Price of or interest on Common Fund Bonds, or any rights or claims of a Surety for money permitted to be satisfied from the Common Bond Fund, to which rights or claims a Surety becomes subrogated or entitled under the applicable Supplemental Bond Resolution upon payment by such Surety of Surety Proceeds;
Examples of Surety Rights in a sentence
The provisions contained in Section 11.6 (Indemnification), Section 13.8(b) (Submission to Jurisdiction) and Section 13.19 (Surety Rights) of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety.
Rights of Surety Rights of Surety can be classified into three groups, as follows; Rights against Principal debtor.