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.
Appears in 3 contracts
Samples: Credit Agreement (Vectren Corp), Credit Agreement (Vectren Corp), Credit Agreement (Vectren Corp)
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.
Appears in 2 contracts
Samples: Credit Agreement (Vectren Corp), Credit Agreement (Vectren Corp)
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.
Appears in 1 contract
