Common use of Delay of Subrogation Clause in Contracts

Delay of Subrogation. Notwithstanding any payment made by or for the account of any Subsidiary Guarantor pursuant to this Guaranty, the Subsidiary Guarantors shall not be subrogated to any rights of the Administrative Agent or any 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 Lender Parties shall have received payment of the full amount of all Liabilities in cash.

Delay of Subrogation. Notwithstanding any payment made by or for the account of any Subsidiary Guarantor pursuant to this Guaranty, the Subsidiary Guarantors right to subrogation shall not be subrogated subordinated to any rights of the Liabilities owed to the Administrative Agent or any 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 Lender Parties shall have received payment of the full amount of all Liabilities in cashLiabilities.

Delay of Subrogation. Notwithstanding any payment made by or for the account of any Subsidiary Guarantor of the undersigned pursuant to this Guaranty, the Subsidiary Guarantors undersigned shall not be subrogated to any rights of the Administrative Agent or any 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 Lender Parties shall have received payment of the full amount of all Liabilities in cashLiabilities.

Delay of Subrogation. Notwithstanding any payment made by or for the account of any Subsidiary Guarantor of the undersigned pursuant to this Guaranty, the Subsidiary Guarantors undersigned shall not be subrogated to any rights of the Administrative Agent or any 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 Lender Parties shall have received payment of the full amount of all Liabilities in cashLiabilities.