Common use of Delay of Subrogation Clause in Contracts

Delay of Subrogation. Notwithstanding any payment made by or for the account of Guarantor pursuant to this Article XIII, Guarantor shall not be subrogated to any right of the Administrative Agent or any Lender, or have any right to obtain reimbursement from Borrower, until such time as the Administrative Agent and each Lender shall have received final payment in cash of the full amount of the Guaranteed Obligations.

Delay of Subrogation. Notwithstanding any payment made by or for the account of any Guarantor pursuant to this Article XIII, no Guarantor shall not be subrogated to any right of the Administrative Agent Agent, any LC Issuer or any Lender, or have any right to obtain reimbursement from the Borrower, until such time as the Administrative Agent and each Lender shall have received final payment in cash of the full amount of the Guaranteed Obligations.

Delay of Subrogation. Notwithstanding any payment made by or for the account of any Subsidiary Guarantor pursuant to this Article XIIIGuaranty, Guarantor the Subsidiary Guarantors shall not be subrogated to any right rights of the Administrative Agent or any Lender, or have any right to obtain reimbursement from Borrower, other Lender Party until such time as this Guaranty shall have been discontinued as to all of the undersigned and the Administrative Agent and each the Lender Parties shall have received final payment in cash of the full amount of the Guaranteed Obligationsall Liabilities in cash.

Delay of Subrogation. Notwithstanding any payment made by or for the account of any Guarantor pursuant to this Article XIII, no Guarantor shall not be subrogated to any right of the Administrative Agent or any Lender, or have any right to obtain reimbursement from Borrower, until such time as the Administrative Agent and each Lender shall have received final payment in cash of the full amount of the Guaranteed Obligations.