Common use of Delay of Subrogation Clause in Contracts

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 right of any Noteholder until such time as this Guaranty shall have been discontinued as to all of the undersigned and the Noteholders shall have received payment in cash of the full amount of all Obligations.

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 right rights of the Administrative Agent or any Noteholder Bank until such time as this Guaranty shall have been discontinued as to all of the undersigned and the Noteholders Administrative Agent and the Banks shall have received payment in cash of the full amount of all ObligationsLiabilities.

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 right of the Agent or any Noteholder Bank Party until such time as this Guaranty shall have been discontinued as to all of the undersigned and the Noteholders Agent and the Bank Parties shall have received payment in cash of the full amount of all Obligations.

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 right rights of any Noteholder the Bank until such time as this Guaranty shall have been discontinued as to all of the undersigned and the Noteholders Bank shall have received payment in cash of the full amount of all ObligationsLiabilities.