Common use of Lease Guaranty Clause in Contracts

Lease Guaranty. No guarantor shall have any right of subrogation to any of BANK’S rights in the Equipment or this Lease or against MERCHANT, and any such right of subrogation is hereby waived and released. All indebtedness that exists now or arises after the execution of this Agreement between MERCHANT and any guarantor is hereby subordinated to all of MERCHANT’S present and future obligations, and those of MERCHANT’S guarantor, to BANK, and no payment shall be made or accepted on such indebtedness due to MERCHANT from a guarantor until the obligations due to BANK are paid and satisfied in full.

Lease Guaranty. No guarantor shall have any right of subrogation to any of BANK’S SERVICE PROVIDERS’ rights in the Equipment or this Lease or against MERCHANT, and any such right of subrogation is hereby waived and released. All indebtedness that exists now or arises after the execution of this Agreement between MERCHANT and any guarantor is hereby subordinated to all of MERCHANT’S present and future obligations, and those of MERCHANT’S guarantor, to BANKSERVICE PROVIDERS, and no payment shall be made or accepted on such indebtedness due to MERCHANT from a guarantor until the obligations due to BANK SERVICE PROVIDERS are paid and satisfied in full.

Lease Guaranty. No guarantor shall have any right of subrogation to any of BANK’S BANK‟S rights in the Equipment or this Lease or against MERCHANT, and any such right of subrogation is hereby waived and released. All indebtedness that exists now or arises after the execution of this Agreement between MERCHANT and any guarantor is hereby subordinated to all of MERCHANT’S MERCHANT‟S present and future obligations, and those of MERCHANT’S MERCHANT‟S guarantor, to BANK, and no payment shall be made or accepted on such indebtedness due to MERCHANT from a guarantor until the obligations due to BANK are paid and satisfied in full.