Subrogation and Contribution Rights. Notwithstanding anything in this Section 15 to the contrary, to the fullest extent permitted by applicable law, each Subsidiary Guarantor acknowledges and agrees that with respect to each of the Subsidiary Guarantors’ relative liability under the Unconditional Guarantee, each Subsidiary Guarantor possesses, and has not waived, corresponding rights of contribution, subrogation, indemnity, and reimbursement relative to the other Subsidiary Guarantors in accordance with, and as further set forth in, Section 15.12.
Subrogation and Contribution Rights. If any Borrower Guarantor makes a payment in respect of the Borrower Guaranteed Obligations, it shall be subrogated to the rights, if any, of the payees against the other Borrower Guarantors with respect to such payment and shall have the rights of contribution set forth below against the other Borrower Guarantors; provided, however, that such Borrower Guarantor shall not enforce its rights to any payment by way of subrogation or by exercising its right of contribution until all the Obligations, as the case may be, owing to the Lender, shall have been finally paid in full and may not under applicable insolvency laws be required to be repaid by the Lender.
Subrogation and Contribution Rights. Each Company hereby agrees that until the full and final payment and satisfaction of the Obligations and the expiration and termination of the Commitments of the Lenders under this Financing Agreement, such Company will not exercise any subrogation, contribution or other right or remedy against any other Company or any security for any of the Obligations arising by reason of such Company’s performance or satisfaction of its joint and several liability hereunder. In addition, each Company agrees that (i) such Company’s right to receive any payment of amounts due with respect to such subrogation, contribution or other rights is subordinated to the full and final payment and satisfaction of the Obligations, and (ii) such Company agrees not to demand, xxx for or otherwise attempt to collect any such payment until the full and final payment and satisfaction of the Obligations and the expiration and termination of the Commitments of the Lenders under this Financing Agreement.
Subrogation and Contribution Rights. Each Company hereby agrees that until the full and final payment and satisfaction of the Obligations and the termination of this Financing Agreement, such Company will not exercise any subrogation, contribution or other right or remedy against any other Company or any security for any of the Obligations arising by reason of such Company's performance or satisfaction of its joint and several liability hereunder. In addition, each Company agrees that (i) such Company's right to receive any payment of amounts due with respect to such subrogation, contribution or other rights is subordinated to the full and final payment and satisfaction of the Obligations, and (ii) such Company agrees not to demand, xxx for or otherwise attempt to collect any such payment until the full and final payment and satisfaction of the Obligations and the termination of this Financing Agreement. (C)
Subrogation and Contribution Rights. If any Borrower Guarantor makes a payment in respect of the Borrower Guaranteed Obligations, it shall be subrogated to the rights, if any, of the payees against the other Borrower Guarantors with respect to such payment and shall have the rights of contribution set forth below against the other Borrower Guarantors; provided, however, that such Borrower Guarantor shall not enforce its rights to any payment by way of subrogation or by exercising its right of contribution until all the Obligations and Letter of Credit Obligations, as the case may be, owing to the Administrative Agent, the Lenders and the LC Issuer shall have been finally paid in full and may not under applicable insolvency laws be required to be repaid by the Administrative Agent, any Lender or the LC Issuer, as the case may be, and the Revolving Credit Commitments of the Lenders and all obligations of the LC Issuer to issue Letters of Credit hereunder have been terminated.
Subrogation and Contribution Rights. Each Borrower hereby agrees that until the Termination Date, such Borrower will not exercise any subrogation, contribution or other right or remedy against any other Borrower or against any security for any of the Obligations arising by reason of such Borrower's performance or satisfaction of its joint and several liability hereunder. In addition, each Borrower agrees that (i) such Borrower's right to receive any payment of amounts due with respect to such subrogation, contribution or other rights is subordinated to the full and final payment and satisfaction of the Obligations, and (ii) such Borrower agrees not to demand, xxx for or otherwise attempt to collect any such payment until the Termination Date.
Subrogation and Contribution Rights. Each Borrower hereby agrees that until the full and final payment and satisfaction of the Obligations and the expiration and termination of the Term Loan Commitments of the Lenders under this Agreement, such Borrower will not exercise any subrogation, contribution or other right or remedy against any other Borrower or against any security for any of the Obligations arising by reason of such Borrower’s performance or satisfaction of its joint and several liability hereunder. In addition, each Borrower agrees that (i) such Borrower’s right to receive any payment of amounts due with respect to such subrogation, contribution or other rights is subordinated to the full and final payment and satisfaction of the Obligations, and (ii) such Borrower agrees not to demand, sxx for or otherwise attempt to collect any such payment until the full and final payment and satisfaction of the Obligations and the termination of the Term Loan Commitments of the Lenders under this Agreement.
Subrogation and Contribution Rights. In addition to all rights of indemnity and subrogation that the Subsidiary Guarantors may have under applicable Law, the Borrower agrees that the Borrower will indemnify such Subsidiary Guarantor for the full amount of any payment made thereby pursuant to this Section with respect to the Guaranteed Obligations and such Subsidiary Guarantor shall be subrogated to the rights of the Person to whom payment is made to the extent of such payment; provided, however, that such Subsidiary Guarantor shall not enforce its rights to any payment by way of indemnity or subrogation until all of the Secured Obligations shall have been finally paid in full and may not under applicable insolvency laws be required to be repaid by the Lenders. If any Subsidiary Guarantor makes a payment in respect of the Guaranteed Obligations, it shall be subrogated to the rights, if any, of the payees against the other Subsidiary Guarantors with respect to such payment. No Subsidiary Guarantor shall enforce any rights to any contribution payments from other Subsidiary Guarantors by way of subrogation or by exercising its right of contribution until all of the Secured Obligations shall have been finally paid in full and may not under applicable insolvency Laws be required to be repaid by the Lenders.
Subrogation and Contribution Rights. 56 15.7 Guaranteed Obligation and Contribution Payments.................................. 56 (a) Pro Rata Sharing......................................................... 56 (b) Deficiency............................................................... 56 Section 16 TRANSFERS AND ASSIGNMENTS........................................................... 56
Subrogation and Contribution Rights. 102 (a) GUARANTEED OBLIGATION AND CONTRIBUTION PAYMENTS...........................................102 (b) JOINDER; WAIVER...........................................................................103 SECTION 11 THE AGENTS...........................................................................................103 11.1 THE ADMINISTRATIVE AGENT..........................................................................103 11.2 DESIGNATED EUROPEAN ADMINISTRATIVE AGENTS.........................................................103 11.3 SYNDICATION AGENT.................................................................................104 11.4
