Common use of Subrogation and Contribution Clause in Contracts

Subrogation and Contribution. Until payment in full of the Guaranteed Debt, the termination of the obligation of Lenders to extend credit under the Loan Documents, and expiration of all Hedge Agreements between any Loan Party and any Lender, (a) no Guarantor may assert, enforce, or otherwise exercise any right of subrogation to any of the rights or Liens of Agent or Lenders or any other beneficiary against any Borrower or any other obligor on the Guaranteed Debt or any Collateral or other security or any right of recourse, reimbursement, subrogation, contribution, indemnification, or similar right against any Borrower or any other obligor on any Guaranteed Debt or any guarantor of it, (b) each Guarantor defers all of the foregoing rights (whether they arise in equity, under contract, by statute, under common law, or otherwise), and (c) each Guarantor defers the benefit of, and subordinates any right to participate in, any Collateral or other security given to Agent or Lenders or any other beneficiary to secure payment of any Guaranteed Debt.

Subrogation and Contribution. Until payment in full of the Guaranteed Debt, the termination of the obligation Obligation of Lenders to extend credit under the Loan Documents, and expiration of all Hedge Agreements between any Loan Party and any LenderFinancial Hedgxx, (ax) no Guarantor may not assert, enforce, or otherwise exercise any right of subrogation to any of the rights Rights or Liens of Administrative Agent or Lenders or any other beneficiary against any Borrower or any other obligor on the Guaranteed Debt or any Collateral collateral or other security or any right of recourse, reimbursement, subrogation, contribution, indemnification, or similar right against any Borrower or any other obligor on any Guaranteed Debt or any guarantor of it, (b) each Guarantor defers all of the foregoing rights (whether they arise in equity, under contract, by statute, under common law, or otherwise), and (c) each Guarantor defers the benefit of, and subordinates any right to participate in, any Collateral collateral or other security given to Administrative Agent or Lenders or any other beneficiary to secure payment of any Guaranteed Debt.

Subrogation and Contribution. Until payment in full of the Guaranteed Debt, the termination of the obligation Obligation of Lenders to extend credit under the Loan DocumentsPapers, and expiration of all Hedge Agreements between any Loan Party and any LenderFinancial Xxxxxx, (a) no Guarantor may not assert, enforce, or otherwise exercise any right Right of subrogation to any of the rights Rights or Liens of Administrative Agent or Lenders or any other beneficiary against any Borrower or any other obligor on the Guaranteed Debt or any Collateral collateral or other security or any right Right of recourse, reimbursement, subrogation, contribution, indemnification, or similar right Right against any Borrower or any other obligor on any Guaranteed Debt or any guarantor of it, (b) each Guarantor defers all of the foregoing rights Rights (whether they arise in equity, under contract, by statute, under common law, or otherwise), and (c) each Guarantor defers the benefit of, and subordinates any right Right to participate in, any Collateral or other security given to Administrative Agent or Lenders or any other beneficiary to secure payment of any Guaranteed Debt.

Subrogation and Contribution. Until payment in full of the Guaranteed Debt, Debt and the termination of the obligation commitments of Lenders to extend credit under the Loan Documents, Documents and expiration the termination or Cash Collateralization of all Hedge Agreements between any Loan Party and any LenderLetters of Credit, (a) no the Guarantor may not assert, enforce, or otherwise exercise any right Right of subrogation to any of the rights Rights or Liens of Administrative Agent or Lenders or any other beneficiary against any Borrower or any other obligor on the Guaranteed Debt or any Collateral collateral or other security or any right Right of recourse, reimbursement, subrogation, contribution, indemnification, or similar right Right against any Borrower or any other obligor on any Guaranteed Debt or any other guarantor of it, and (b) each the Guarantor defers all of the foregoing rights Rights (whether they arise in equity, under contract, by statute, under common lawLaw, or otherwise). Upon payment in full of the Guaranteed Debt and the termination of the commitments of Lenders to extend credit under the Loan Documents and the termination or Cash Collateralization of all Letters of Credit, the Guarantor shall be subrogated to the rights of the Administrative Agent and (c) each Guarantor defers Lenders against Borrower and the benefit of, and subordinates any right to participate in, any Collateral or other security given to Agent or Lenders or any other beneficiary to secure payment of any Guaranteed Debtobligors.

Subrogation and Contribution. Until payment in full of the Guaranteed Debt, the termination of the obligation of Lenders to extend credit under the Loan Documents, and expiration or termination of all Hedge Agreements Swap Contracts between any Loan Party and any Lender or any Affiliate of any Lender, (a) no Guarantor may assert, enforce, or otherwise exercise any right of subrogation to any of the rights or Liens of Agent or Lenders or any other beneficiary Benefitted Party against any Borrower or any other obligor on the Guaranteed Debt or any Collateral collateral or other security or any right of recourse, reimbursement, subrogation, contribution, indemnification, or similar right against any Borrower or any other obligor on any Guaranteed Debt or any guarantor of itDebt, (b) each Guarantor defers all of the foregoing rights (whether they arise in equity, under contract, by statute, under common law, or otherwise), and (c) each Guarantor defers the benefit of, and subordinates any right to participate in, any Collateral collateral or other security given to Agent or Lenders or any other beneficiary Benefitted Party to secure payment of any Guaranteed Debt. 8.

Subrogation and Contribution. Until payment in full of the Guaranteed Debt, the termination of the obligation Obligations of Lenders to extend credit under the Loan Documents, and expiration the termination of all Hedge Agreements between any Loan Party and any LenderLetters of Credit, (a) no Guarantor may assert, enforce, or otherwise exercise any right Right of subrogation to any of the rights Rights or Liens of Administrative Agent or Lenders or any other beneficiary against any Borrower or any other obligor on the Guaranteed Debt or any Collateral collateral or other security or any right Right of recourse, reimbursement, subrogation, contribution, indemnification, or similar right Right against any Borrower or any other obligor on any Guaranteed Debt or any guarantor Guarantor of it, and (b) each Guarantor defers all of the foregoing rights Rights (whether they arise in equity, under contract, by statute, under common lawLaw, or otherwise). Upon payment in full of the Guaranteed Debt and the termination of the obligations of Lenders to extend credit under the Loan Documents, and (c) each Guarantor defers shall be subrogated to the benefit of, rights of the Administrative Agent and subordinates any right to participate in, any Collateral or Lenders against Borrower and the other security given to Agent or Lenders or any other beneficiary to secure payment obligors. Form of any Guaranteed Debt.Subsidiary Guaranty

Subrogation and Contribution. Until payment in full of the Guaranteed Debt, the termination of the obligation of Lenders to extend credit under the Loan Documents, and expiration of all Hedge Agreements Swap Contracts between any Loan Party and any Lender or any Affiliate of any Lender, (a) no Guarantor may assert, enforce, or otherwise exercise any right of subrogation to any of the rights or Liens of Agent or Lenders or any other beneficiary Benefitted Party against any Borrower or any other obligor on the Guaranteed Debt or any Collateral collateral or other security or any right of recourse, reimbursement, subrogation, contribution, indemnification, or similar right against any Borrower or any other obligor on any Guaranteed Debt or any guarantor of itDebt, (b) each Guarantor defers all of the foregoing rights (whether they arise in equity, under contract, by statute, under common law, or otherwise), and (c) each Guarantor defers the benefit of, and subordinates any right to participate in, any Collateral collateral or other security given to Agent or Lenders or any other beneficiary Benefitted Party to secure payment of any Guaranteed Debt.

Subrogation and Contribution. Until payment in full of the Guaranteed Debt, the termination of the obligation of Lenders to extend credit under the Loan Documents, and expiration of all Hedge Agreements between any Loan Party and any Lender, (a) no Guarantor may assert, enforce, or otherwise exercise any right of subrogation to any of the rights or Liens of Agent or Lenders or any other beneficiary against any Borrower Borrower, any other Guarantor or any other obligor on the Guaranteed Debt or any Collateral or other security or any right of recourse, reimbursement, subrogation, contribution, indemnification, or similar right against any Borrower Borrower, any other Guarantor or any other obligor on any Guaranteed Debt or any guarantor of it, (b) each Guarantor defers all of the foregoing rights (whether they arise in equity, under contract, by statute, under common law, or otherwise), and (c) each Guarantor defers the benefit of, and subordinates any right to participate in, any Collateral or other security given to Agent or Lenders or any other beneficiary to secure payment of any Guaranteed Debt.

Subrogation and Contribution. Until payment in full of the Guaranteed Debt, the termination of the obligation of Lenders to extend credit under the Loan Documents, and expiration of all Hedge Agreements between Borrower and Bank or any Loan Party and any LenderAffiliate thereof, (a) no Guarantor may not assert, enforce, or otherwise exercise any right of subrogation to any of the rights or Liens of Agent or Lenders or any other beneficiary against any Borrower or any other obligor on the Guaranteed Debt or any Collateral or other security or any right of recourse, reimbursement, subrogation, contribution, indemnification, or similar right against any Borrower or any other obligor on any Guaranteed Debt or any guarantor of it, (b) each Guarantor defers all of the foregoing rights (whether they arise in equity, under contract, by statute, under common law, or otherwise), and (c) each Guarantor defers the benefit of, and subordinates any right to participate in, any Collateral or other security given to Agent or Lenders or any other beneficiary to secure payment of any Guaranteed Debt.