Common use of Exercise of Subrogation Clause in Contracts

Exercise of Subrogation. Following the making of a demand on any Guarantor under clause 17.1 (Guarantee), that Guarantor will (at its own cost) promptly take such of the steps or action as are referred to in clause 17.6 (No subrogation) as the Facility Agent may from time to time stipulate.

Appears in 2 contracts

Samples: Senior Credit Agreement (Delta I Acquisition Inc), Senior Credit Agreement (Ocallaghan Barry)

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Exercise of Subrogation. Following the making of a demand on any the Guarantor under clause 17.1 (Guarantee)Clause 16.1, that the Guarantor will (at its own cost) promptly take such of the steps or action as are referred to in clause 17.6 (No subrogation) Clause 1.6 as the Facility Agent may from time to time stipulate.

Appears in 1 contract

Samples: Term Loan Agreement (Octel Corp)

Exercise of Subrogation. Following the making of a demand on any Guarantor under clause 17.1 (Guarantee), that Guarantor will (at its own cost) promptly take such of the steps or action actions as are referred to in clause 17.6 (No subrogationSubrogation) as the Facility Agent may from time to time stipulate.

Appears in 1 contract

Samples: Credit Agreement (Fimep Sa)

Exercise of Subrogation. Following the making of a demand on any the Guarantor under clause 17.1 Clause 19.1 (Guarantee), that the Guarantor will (at its own cost) promptly take such of the steps or action as are referred to in clause 17.6 (No subrogation) paragraph 6 above as the Facility Agent may from time to time stipulate.

Appears in 1 contract

Samples: Facilities Agreement (United Biscuits Finance PLC)

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Exercise of Subrogation. Following the making of a demand on any the Guarantor under clause 17.1 Clause 19.1 (Guarantee), that the Guarantor will (at its own cost) promptly take such of the steps or action as are referred to in clause 17.6 (No subrogation) paragraph 1.6 above as the Facility Agent may from time to time stipulate.

Appears in 1 contract

Samples: Loan Agreement (United Biscuits Finance PLC)

Exercise of Subrogation. Following the making of a demand on any Guarantor under clause 17.1 15.1 (Guarantee), that Guarantor will (at its own cost) promptly take such of the steps or action as are referred to in clause 17.6 15.6 (No subrogation) as the Mezzanine Facility Agent may from time to time stipulate.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Ocallaghan Barry)

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