Agreements for Reimbursement. Notwithstanding anything to the contrary contained herein, the parties hereto acknowledge and agree that, as the Borrower is part of an integrated financial enterprise to which the Borrower and each Guarantor are a party, each Guarantor shall have a right of reimbursement and indemnity from the Borrower for any amount paid by such Guarantor in lieu of a right of contribution between the Guarantors and the Borrower.
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Samples: Subsidiary Guaranty Agreement, Subsidiary Guaranty Agreement (Switch, Inc.), Subsidiary Guaranty Agreement (Switch, Inc.)
Agreements for Reimbursement. Notwithstanding anything to the contrary contained herein, the parties hereto acknowledge and agree that, as the Borrower is a Wholly-Owned Subsidiary of the Guarantors and part of an integrated financial enterprise to which the Borrower and each Guarantor Guarantors are a party, each Subsidiary Guarantor shall have a right of reimbursement and indemnity from the Borrower Guarantors for any amount paid by such Subsidiary Guarantor in lieu of a right of contribution between the Subsidiary Guarantors and the BorrowerGuarantors.
Appears in 2 contracts
Samples: Credit Agreement (Tuesday Morning Corp/De), Credit Agreement (Tuesday Morning Corp/De)
Agreements for Reimbursement. Notwithstanding anything to the contrary contained herein, the parties hereto acknowledge and agree that, as the Borrower is part of an integrated financial enterprise to which the Borrower and each Subsidiary Guarantor are a party, each Subsidiary Guarantor shall have a right of reimbursement and indemnity from the Borrower for any amount paid by such Subsidiary Guarantor in lieu of a right of contribution between the Subsidiary Guarantors and the Borrower.
Appears in 1 contract
Samples: Guaranty Agreement (RealPage, Inc.)
Agreements for Reimbursement. Notwithstanding anything to the contrary contained herein, the parties hereto acknowledge and agree that, as the each Borrower is part of an integrated financial enterprise to which the Borrower Guarantor and each Guarantor Borrower are a partyparty and the Guarantor will benefit, each directly or indirectly, from the extensions of credit to the Borrowers under the Credit Agreement, the Guarantor shall have a right of reimbursement and indemnity from the such Borrower for any amount paid by such the Guarantor in lieu of a right of contribution between the Guarantors Guarantor and the such Borrower.
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Agreements for Reimbursement. Notwithstanding anything to the contrary contained herein, the parties hereto acknowledge and agree that, as the Borrower is Borrowers are part of an integrated financial enterprise to which the Borrower Borrowers and each Subsidiary Guarantor are a party, each Subsidiary Guarantor shall have a right of reimbursement and indemnity from the Parent Borrower for any amount paid by such Subsidiary Guarantor in lieu of a right of contribution between the Subsidiary Guarantors and the Parent Borrower.
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