Common use of Delay of Subrogation Clause in Contracts

Delay of Subrogation. Notwithstanding any payment made by or for the account of the undersigned pursuant to this Guaranty, the undersigned shall not be subrogated to any rights of the Administrative Agent or any Bank until such time as this Guaranty shall have been discontinued as to the undersigned and the Administrative Agent and the Banks shall have received payment in cash of the full amount of all Liabilities.

Delay of Subrogation. Notwithstanding any payment made by or for the account of any of the undersigned pursuant to this Guaranty, the undersigned shall not be subrogated to any rights right of the Administrative Agent or any Bank Noteholder until such time as this Guaranty shall have been discontinued as to all of the undersigned and the Administrative Agent and the Banks Noteholders shall have received payment in cash of the full amount of all LiabilitiesObligations.

Delay of Subrogation. Notwithstanding any payment made by or for the account of any of the undersigned pursuant to this Guaranty, the undersigned shall not be subrogated to any rights of the Administrative Agent or any Bank other Lender Party until such time as this Guaranty shall have been discontinued as to all of the undersigned and the Administrative Agent and the Banks Lender Parties shall have received payment in cash of the full amount of all Liabilities.

Delay of Subrogation. Notwithstanding any payment made by or for the account of any of the undersigned pursuant to this Guaranty, the undersigned shall not be subrogated to any rights of the Administrative Agent or any Bank Lender Party until such time as this Guaranty shall have been discontinued as to all of the undersigned and the Administrative Agent and the Banks Lender Parties shall have received payment in cash of the full amount of all Liabilities.

Delay of Subrogation. Notwithstanding any payment made by or for the account of any of the undersigned pursuant to this Guaranty, the undersigned shall not be subrogated to any rights right of the Administrative Agent or any Bank Party until such time as this Guaranty shall have been discontinued as to all of the undersigned and the Administrative Agent and the Banks Bank Parties shall have received payment in cash of the full amount of all LiabilitiesObligations.