Common use of No Subrogation, Contribution, Reimbursement or Indemnity Clause in Contracts

No Subrogation, Contribution, Reimbursement or Indemnity. Notwithstanding anything to the contrary in this Section 11, CFC hereby irrevocably waives (a) all rights which may have arisen in connection with the guarantee contained in this Section 11 to be subrogated to any of the rights (whether contractual, under the Bankruptcy Code, including Section 509 thereof, under common law or otherwise) of either Agent or any Bank against CCCL or against either Agent or any Bank for the payment of the CCCL Obligations and (b) all contractual, common law, statutory and other rights of reimbursement, contribution, exoneration or indemnity (or any similar right) from or against CCCL or any other Person which may have arisen in connection with the guarantee of the CCCL Obligations contained in this Section 11, in each case until all CCCL Obligations have been paid in full. So long as the CCCL Obligations remain outstanding, if any amount shall be paid by or on behalf of CCCL or any other Person to CFC on account of any of the rights waived in this Section 11.2, such amount shall be held by CFC in trust, segregated from other funds of CFC, and shall, forthwith upon receipt by CFC, be turned over to the Administrative Agent in the exact form received by CFC (duly indorsed by CFC to the Administrative Agent, if required), to be applied against the CCCL Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. The provisions of this Section 11.2 shall survive the term of the guarantee contained in this Section 11 and the payment in full of the CCCL Obligations and the termination of the Commitments.

Appears in 2 contracts

Samples: Term Revolving Credit Agreement (Chrysler Financial Corp), Term Revolving Credit Agreement (Chrysler Financial Corp)

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No Subrogation, Contribution, Reimbursement or Indemnity. Notwithstanding anything to the contrary in this Section 1110, CFC hereby irrevocably waives (a) all rights which may have arisen in connection with the guarantee contained in this Section 11 Holdings shall not be entitled to be subrogated to any of the rights (whether contractual, under of the Bankruptcy Code, including Section 509 thereof, under common law or otherwise) of either Agent or any Bank Lender against CCCL or against either Agent the Borrower or any Bank other Guarantor or any collateral security or guarantee or right of offset held by any Lender for the payment of the CCCL Obligations and (b) all contractualObligations, common law, statutory and other rights of reimbursement, contribution, exoneration nor shall Holdings seek or indemnity (be entitled to seek any contribution or any similar right) reimbursement from or against CCCL the Borrower or any other Person which may have arisen Guarantor in connection with respect of payments made by Holdings hereunder, until all amounts owing to the guarantee Agent and the Lenders by the Borrower on account of the CCCL Obligations contained are paid in this Section 11full, in each case until the Commitments are terminated and no Letter of Credit remains outstanding. If any amount shall be paid to Holdings on account of such subrogation rights at any time when all CCCL of the Obligations shall not have been paid in full. So long as , the CCCL Obligations remain Commitments shall not have been terminated or a Letter of Credit remains outstanding, if any amount shall be paid by or on behalf of CCCL or any other Person to CFC on account of any of the rights waived in this Section 11.2, such amount shall be held by CFC Holdings in trusttrust for the Agent and the Lenders, segregated from other funds of CFCHoldings, and shall, forthwith upon receipt by CFCHoldings, be turned over to the Administrative Agent in the exact form received by CFC Holdings (duly indorsed by CFC Holdings to the Administrative Agent, if required), to be applied against the CCCL Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. The provisions of this Section 11.2 paragraph shall survive the term termination of the guarantee contained in this Section 11 10 and the payment in full of the CCCL Obligations and Obligations, the termination of the CommitmentsCommitments and the cancellation, revocation or termination of all outstanding Letters of Credit.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Warren S D Co /Pa/)

No Subrogation, Contribution, Reimbursement or Indemnity. Notwithstanding anything to the contrary in this Section 119, CFC Holdings hereby irrevocably waives (a) all rights which may have arisen in connection with the guarantee contained in this Section 11 9 to be subrogated to any of the rights (whether contractual, under the United States Bankruptcy CodeCode (or similar action under any successor law or under any comparable law), including Section 509 thereof, under common law or otherwise) of either the Administrative Agent or any Bank Lender against CCCL the Borrower or against either the Administrative Agent or any Bank Lender for the payment of the CCCL Obligations, until the Obligations shall have been paid in full, and (b) the Commitments shall have been terminated. Holdings hereby further irrevocably waives all contractual, common law, statutory and other rights of reimbursement, contribution, exoneration or indemnity (or any similar right) from or against CCCL the Borrower or any other Person which may have arisen in connection with the guarantee of the CCCL Obligations contained in this Section 119, in each case until all CCCL the Obligations shall have been paid in full, and the Commitments shall have been terminated. So long as the CCCL Obligations remain outstanding, if any amount shall be paid by or on behalf of CCCL or any other Person the Borrower to CFC Holdings on account of any of the rights waived in this Section 11.29.2, such amount shall be held by CFC Holdings in trust, segregated from other funds of CFCHoldings, and shall, forthwith upon receipt by CFCHoldings, be turned over to the Administrative Agent in the exact form received by CFC Holdings (duly indorsed by CFC Holdings to the Administrative Agent, if required), to be applied against the CCCL Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. The provisions of this Section 11.2 9.2 shall survive the term of the guarantee contained in this Section 11 9 and the payment in full of the CCCL Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Cpi Aerostructures Inc)

No Subrogation, Contribution, Reimbursement or Indemnity. Notwithstanding anything to the contrary in this Section 1112, CFC hereby irrevocably waives (a) all rights which may have arisen in connection with the guarantee contained in this Section 11 12 to be subrogated to any of the rights (whether contractual, under the Bankruptcy Code, including Section 509 thereof, under common law or otherwise) of either Agent or any Bank against CCCL any Subsidiary Borrower or against either Agent or any Bank for the payment of the CCCL Subsidiary Borrower Obligations and (b) all contractual, common law, statutory and other rights of reimbursement, contribution, exoneration or indemnity (or any similar right) from or against CCCL any Subsidiary Borrower or any other Person which may have arisen in connection with the guarantee of the CCCL Subsidiary Borrower Obligations contained in this Section 1112, in each case until all CCCL Subsidiary Borrower Obligations of such Subsidiary Borrower have been paid in full. So long as the CCCL Subsidiary Borrower Obligations remain outstanding, if any amount shall be paid by or on behalf of CCCL any Subsidiary Borrower or any other Person to CFC on account of any of the rights waived in this Section 11.212.2, such amount shall be held by CFC in trust, segregated from other funds of CFC, and shall, forthwith upon receipt by CFC, be turned over to the Administrative Agent in the exact form received by CFC (duly indorsed by CFC to the Administrative Agent, if required), to be applied against the CCCL Subsidiary Borrower Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. The provisions of this Section 11.2 12.2 shall survive the term of the guarantee contained in this Section 11 12 and the payment in full of the CCCL Subsidiary Borrower Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Chrysler Financial Corp

No Subrogation, Contribution, Reimbursement or Indemnity. Notwithstanding anything to the contrary in this Section 11Guarantee, CFC the Guarantor hereby irrevocably waives (a) all rights which may have arisen in connection with the guarantee contained in this Section 11 Guarantee to be subrogated to any of the rights (whether contractual, under the Bankruptcy Code, including Section section 509 thereof, under common law or otherwise) of either Agent the Administrative Agent, the Issuing Lender or any Bank L/C Participant against CCCL the Company or against either Agent the Administrative Agent, the Issuing Lender or any Bank L/C Participant for the payment of the CCCL Obligations and (b) obligations. The Guarantor hereby further irrevocably waives all contractual, common law, statutory and or other rights of reimbursement, contribution, exoneration or indemnity (or any similar right) from or against CCCL any Subsidiary Guarantor or any other Person which may have arisen in connection with the guarantee of the CCCL Obligations contained in this Section 11, in each case until all CCCL Obligations have been paid in fullGuarantee. So long as the CCCL Obligations obligations remain outstanding, if any amount shall be paid by or on behalf of CCCL or any other Person Subsidiary Guarantor to CFC the Guarantor on account of any of the rights waived in this Section 11.2paragraph, such amount shall be held by CFC the Guarantor in trust, segregated from other funds of CFCsuch Guarantor, and shall, forthwith upon receipt by CFCsuch Guarantor, be turned over to the Administrative Agent in the exact form received by CFC the Guarantor (duly indorsed by CFC the Guarantor to the Administrative Agent, if required), to be applied against the CCCL Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. The provisions of this Section 11.2 paragraph shall survive the term of the guarantee contained in this Section 11 Guarantee and the payment in full of the CCCL Obligations obligations and the termination of the Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Landstar System Inc)

No Subrogation, Contribution, Reimbursement or Indemnity. Notwithstanding anything to the contrary in this Section 11Agreement, CFC EPC hereby irrevocably waives (a) all rights which may have arisen in connection with the guarantee contained in this Section 11 Agreement to be subrogated to any of the rights (whether contractualcontractual or under bankruptcy law, under the Bankruptcy Code, including Section 509 thereof, under common law or otherwise) of either Agent or any Bank Lender against CCCL EPC or against either Agent any collateral security or any Bank guarantee or right of offset held by Lender for the payment of the CCCL Obligations and (b) Secured Obligations. EPC hereby further irrevocably waives all contractual, common law, statutory and or other rights of reimbursement, contribution, exoneration or indemnity (or any similar right) from or against CCCL the Borrower or any other Person person which may have arisen in connection with the guarantee of the CCCL Obligations contained in this Section 11, in each case until all CCCL Obligations have been paid in fullAgreement. So long as the CCCL Secured Obligations remain outstanding, if any amount shall be paid by or on behalf of CCCL or any other Person the Borrower to CFC EPC on account of any of the rights waived in this Section 11.224, such amount shall be held by CFC EPC in trust, segregated from other funds of CFCEPC, and shall, forthwith upon receipt by CFCEPC, be turned over to the Administrative Agent Lender in the exact form received by CFC EPC (duly indorsed by CFC EPC to the Administrative AgentLender, if required), to be applied against the CCCL Secured Obligations, whether matured or unmatured, in such order as the Administrative Agent Lender may determine. The provisions of this Section 11.2 24 shall survive the term of the guarantee contained in this Section 11 Agreement and the payment in full of the CCCL Obligations amounts set forth in the Note Purchase Agreement and the termination of the Commitmentsall other Secured Obligations.

Appears in 1 contract

Samples: Stock Pledge and Security Agreement (Environmental Power Corp)

No Subrogation, Contribution, Reimbursement or Indemnity. Notwithstanding anything to the contrary in this Section 11Guarantee, CFC the Guarantor hereby irrevocably waives (a) all rights which may have arisen in connection with the guarantee contained in this Section 11 Guarantee to be subrogated to any of the rights (whether contractual, under the Bankruptcy Code, including Section 509 thereof, under common law or otherwise) of either Agent the Administrative Agent, the Issuing Lender or any Bank L/C Participant against CCCL the Company or against either Agent the Administrative Agent, the Issuing Lender or any Bank L/C Participant for the payment of the CCCL Obligations and (b) Obligations. The Guarantor hereby further irrevocably waives all contractual, common law, statutory and or other rights of reimbursement, contribution, exoneration or indemnity (or any similar right) from or against CCCL any Subsidiary Guarantor or any other Person which may have arisen in connection with the guarantee of the CCCL Obligations contained in this Section 11, in each case until all CCCL Obligations have been paid in fullGuarantee. So long as the CCCL Obligations remain outstanding, if any amount shall be paid by or on behalf of CCCL or any other Person Subsidiary Guarantor to CFC the Guarantor on account of any of the rights waived in this Section 11.2paragraph, such amount shall be held by CFC the Guarantor in trust, segregated from other funds of CFCsuch Guarantor, and shall, forthwith upon receipt by CFCsuch Guarantor, be turned over to the Administrative Agent in the exact form received by CFC the Guarantor (duly indorsed by CFC the Guarantor to the Administrative Agent, if required), to be applied against the CCCL Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. The provisions of this Section 11.2 paragraph shall survive the term of the guarantee contained in this Section 11 Guarantee and the payment in full of the CCCL Obligations and the termination of the Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (Landstar System Inc)

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No Subrogation, Contribution, Reimbursement or Indemnity. Notwithstanding anything to the contrary in this Section 11Article X, CFC the Parent hereby irrevocably waives (a) all rights which may have arisen in connection with the guarantee guaranty contained in this Section 11 Article X to be subrogated to any of the rights (whether contractual, under the United States Bankruptcy CodeCode (or similar action under any successor law or under any comparable law), including Section 509 thereof, under common law or otherwise) of either the Administrative Agent or any Bank against CCCL the Company or against either the Administrative Agent or any Bank for the payment of the CCCL Obligations and (b) Obligations. The Parent hereby further irrevocably waives all contractual, common law, statutory and other rights of reimbursement, contribution, exoneration or indemnity (or any similar right) from or against CCCL the Company or any other Person which may have arisen in connection with the guarantee of the CCCL Obligations guaranty contained in this Section 11, in each case until all CCCL Obligations have been paid in full. Article X. So long as the CCCL Obligations remain outstanding, if any amount shall be paid by or on behalf of CCCL or any other Person the Company to CFC the Parent on account of any of the rights waived in this Section 11.210.2, such amount shall be held by CFC the Parent in trust, segregated from other funds of CFCthe Parent, and shall, forthwith upon receipt by CFCthe Parent, be turned over to the Administrative Agent in the exact form received by CFC the Parent (duly indorsed by CFC the Parent to the Administrative Agent, if required), to be applied against the CCCL Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. The provisions of this Section 11.2 shall survive the term of the guarantee contained in this Section 11 and the payment in full of the CCCL Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Hollywood Theaters Inc)

No Subrogation, Contribution, Reimbursement or Indemnity. Notwithstanding anything to the contrary in this Section 116, CFC the Guarantor hereby irrevocably waives (a) all rights which may have arisen in connection with the guarantee contained in this Section 11 6 to be subrogated to any of the rights (whether contractual, under the United States Bankruptcy CodeCode (or similar action under any successor law or under any comparable law), including Section 509 thereof, under common law or otherwise) of either the Agent or any Bank Lender against CCCL the Borrower or against either the Agent or any Bank such Lender for the payment of the CCCL Borrower Obligations, until all the Borrower Obligations and (b) shall have been paid in full. The Guarantor hereby further irrevocably waives all contractual, common law, statutory and other rights of reimbursement, contribution, exoneration or indemnity (or any similar right) from or against CCCL the Borrower or any other Person which may have arisen in connection with the guarantee of the CCCL Obligations contained in this Section 116, in each case until all CCCL the Borrower Obligations shall have been paid in full. So long as the CCCL Borrower Obligations remain outstanding, if any amount shall be paid by or on behalf of CCCL or any other Person the Borrower to CFC the Guarantor on account of any of the rights waived in this Section 11.26.2, such amount shall be held by CFC the Guarantor in trust, segregated from other funds of CFCthe Guarantor, and shall, forthwith upon receipt by CFCthe Guarantor, be turned over to the Administrative Agent in the exact form received by CFC the Guarantor (duly indorsed by CFC the Guarantor to the Administrative Agent, if required), to be applied against the CCCL Borrower Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. The provisions of this Section 11.2 6.2 shall survive the term of the guarantee contained in this Section 11 6 and the payment in full of the CCCL Obligations and the termination of the CommitmentsBorrower Obligations.

Appears in 1 contract

Samples: Demand Loan Agreement (Safety Kleen Corp/)

No Subrogation, Contribution, Reimbursement or Indemnity. Notwithstanding anything to the contrary in this Section 1110, CFC Holdings hereby irrevocably waives (a) all rights which may have arisen in connection with the guarantee contained in this Section 11 10 to be subrogated to any of the rights (whether contractual, under the Bankruptcy Code, including Section 509 thereof, under common law or otherwise) of either the Administrative Agent or any Bank Lender against CCCL the Company or against either the Administrative Agent or any Bank Lender for the payment of the CCCL Obligations, until the Obligations have been paid in full and (b) the Revolving Credit Commitments have been terminated. Holdings hereby further irrevocably waives all contractual, common law, statutory and other rights of reimbursement, contribution, exoneration or indemnity (or any similar right) from or against CCCL the Company or any other Person which may have arisen in connection with the guarantee of the CCCL Obligations contained in this Section 1110, in each case until all CCCL the Obligations have been paid in fullfull and the Revolving Credit Commitments have been terminated. So long as the CCCL Obligations remain outstanding, if any amount shall be paid by or on behalf of CCCL or any other Person the Company to CFC Holdings on account of any of the rights waived in this Section 11.210.2, such amount shall be held by CFC Holdings in trust, segregated from other funds of CFCHoldings, and shall, forthwith upon receipt by CFCHoldings, be turned over to the Administrative Agent in the exact form received by CFC Holdings (duly indorsed by CFC Holdings to the Administrative Agent, if required), to be applied against the CCCL Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. The provisions of this Section 11.2 10.2 shall survive the term of the guarantee contained in this Section 11 10 and the payment in full of the CCCL Obligations and the termination of the Revolving Credit Commitments.

Appears in 1 contract

Samples: Credit Agreement (BCP/Essex Holdings Inc)

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