Common use of Indemnity and Subrogation Clause in Contracts

Indemnity and Subrogation. (a) In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 3), the Company agrees that in the event a payment shall be made by any Subsidiary Guarantor under the Subsidiary Guarantee Agreement, the Company shall indemnify such Subsidiary Guarantor for the full amount of such payment, and the Company shall be subrogated to the rights of the Subsidiary Guarantor to whom such payment shall have been made to the extent of such payment.

Appears in 3 contracts

Samples: Credit Agreement (Edwards Lifesciences Corp), Five Year Credit Agreement (Edwards Lifesciences Corp), Five Year Credit Agreement (Edwards Lifesciences Corp)

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Indemnity and Subrogation. (a) In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 35 of this Agreement), the Company agrees Borrowers agree that in the event a payment shall be made by any Subsidiary Guarantor under the Subsidiary Guarantee this Agreement, the Company Borrowers shall indemnify such Subsidiary Guarantor for the full amount of such payment, and the Company Borrowers shall be subrogated to the rights of the Subsidiary Guarantor to whom such payment shall have been made to the extent of such payment.

Appears in 2 contracts

Samples: Term Loan Agreement (Freeport McMoran Copper & Gold Inc), Revolving Credit Agreement (Freeport McMoran Copper & Gold Inc)

Indemnity and Subrogation. (a) In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 3), the Company Borrower agrees that in the event a payment shall be made by any Subsidiary Guarantor under the Subsidiary Guarantee Agreement, the Company Borrower shall indemnify such Subsidiary Guarantor for the full amount of such payment, payment and the Company such Subsidiary Guarantor shall be subrogated to the rights of the Subsidiary Guarantor person to whom such payment shall have been made to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Gartner Group Inc), Credit Agreement (Gartner Inc)

Indemnity and Subrogation. (a) In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 39.10), the Company agrees that in the event a payment in respect of any Guaranteed Obligation or Obligation shall be made by any Subsidiary other Guarantor under the Subsidiary Guarantee this Agreement, the Company shall indemnify such Subsidiary Guarantor for the full amount of such payment, payment and the Company such Guarantor shall be subrogated to the rights of the Subsidiary Guarantor Person to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Brunswick Corp)

Indemnity and Subrogation. (a) In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 3), the Company agrees that in the event a payment shall be made on behalf of the Company (or on behalf of any other Borrower) by any Subsidiary Guarantor under the Subsidiary Guarantee Agreement, the Company shall indemnify such Subsidiary Guarantor for the full amount of such payment, payment and the Company such Guarantor shall be subrogated to the rights of the Subsidiary Guarantor person to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Valspar Corp)

Indemnity and Subrogation. (a) In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 3), the Company agrees that in the event a payment shall be made on behalf of the Company by any Subsidiary Guarantor under the Subsidiary Guarantee Agreement, the Company shall indemnify such Subsidiary Guarantor for the full amount of such payment, payment and the Company such Guarantor shall be subrogated to the rights of the Subsidiary Guarantor person to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Valspar Corp)

Indemnity and Subrogation. (a) In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 33 of this Agreement), the Company agrees that in the event a payment shall be made by any Subsidiary Guarantor under the Subsidiary Guarantee Agreement, the Company shall indemnify such Subsidiary Guarantor for the full amount of such payment, and the Company shall be subrogated to the rights of the Subsidiary Guarantor to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Samples: Borrowing Subsidiary Agreement (Albany International Corp /De/)

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Indemnity and Subrogation. (a) In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 39), the Company agrees that in the event a payment shall be made by any Subsidiary other Guarantor under the Subsidiary Guarantee this Agreement, the Company shall indemnify such Subsidiary Guarantor for the full amount of such paymentpayment and, and the Company until such indemnification obligation shall have been satisfied, such Guarantor shall be subrogated to the rights of the Subsidiary Guarantor person to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Convergys Corp)

Indemnity and Subrogation. (a) In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 33.03), the Company agrees that in the event a payment in respect of any Obligation shall be made by any Subsidiary Guarantor (other than the Company) under the Subsidiary Guarantee this Agreement, the Company shall indemnify such Subsidiary Guarantor for the full amount of such payment, payment and the Company such Guarantor shall be subrogated to the rights of the Subsidiary Guarantor Person to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Kla Tencor Corp)

Indemnity and Subrogation. (a) In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 3Sections 18.1 and 18.8), the Company agrees that (a) in the event a payment shall be made by any Subsidiary Guarantor under the Subsidiary Guarantee Agreementany Note Guarantee, the Company shall indemnify such Subsidiary Guarantor for the full amount of such payment, payment and the Company such Guarantor shall be subrogated to the rights of the Subsidiary Guarantor person to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Samples: Electroglas Inc

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