No Subrogation or Contribution Sample Clauses

No Subrogation or Contribution. The Subrecipient has no right of subrogation or contribution from the State or DHHS for any judgment rendered against the Subrecipient.
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No Subrogation or Contribution. The Contractor has no right of subrogation or contribution from the state of Utah or DHS for any judgment rendered against the Contractor.
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No Subrogation or Contribution. Until all of the Indebtedness has been paid in full and all of the Obligations have been duly and punctually performed to the satisfaction of the Lessor, the Guarantor shall not be subrogated to any right of the Lessor against the Lessee, any other guarantor or any collateral, and any moneys, property or other consideration received, after a default by the Lessee under the Lease, by the Guarantor from the Lessee prior to payment in full of the Indebtedness and prior to the performance by the Lessee of all of the Obligations shall be held in trust for the Lessor and shall be paid or transferred to the Lessor upon demand therefor. The Guarantor agrees that it will not assert any right of contribution against any other guarantor of the Indebtedness, whether the obligations of such other guarantor are evidenced by this Guaranty or other agreement, until such time as all of the Indebtedness has been paid in full to the Lessor and all of the Obligations have been performed.
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No Subrogation or Contribution. No Indemnifying Party shall be entitled to seek recovery against an Indemnified Party or its affiliates, subsidiaries, or representatives pursuant to any theory of subrogation, contribution or otherwise, of any Damages payable to such an Indemnified Party.
Sample 1
No Subrogation or Contribution. Until all of the Obligations have been paid in full and have been duly and punctually performed, the Guarantor shall not be subrogated to any right of the Lessor against the Lessee, any other guarantor or any collateral, and any moneys, property or other consideration received, after a default by the Lessee under the Leases, by the Guarantor from the Lessee prior to payment and performance in full of the Obligations by the Lessee shall be held in trust for the Lessor and shall be paid or transferred to the Lessor upon demand therefor. The Guarantor agrees that it will not assert any right of contribution against any other guarantor of the Obligations, whether the obligations of such other guarantor are evidenced by this Guaranty or other agreement, until such time as all of the Obligations have been paid and performed in full to the Lessor. Section 2.8.
Sample 1

Related to No Subrogation or Contribution

  • Subrogation and Contribution Upon making any payment with respect to any obligation of the Company under this Article, the Guarantor making such payment will be subrogated to the rights of the payee against the Company with respect to such obligation, provided that the Guarantor may not enforce either any right of subrogation, or any right to receive payment in the nature of contribution, or otherwise, from any other Guarantor, with respect to such payment so long as any amount payable by the Company hereunder or under the Notes remains unpaid.

  • Guarantors’ Rights of Subrogation, Contribution, Etc Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right or remedy arises in equity, under contract, by statute, under common law or otherwise and including (a) any right of subrogation, reimbursement or indemnification that such Guarantor now has or may hereafter have against Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right or remedy that any Beneficiary now has or may hereafter have against Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including any such right of contribution as contemplated by Section 7.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement or indemnification such Guarantor may have against Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against Borrower, to all right, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

  • Subrogation Waiver All insurance policies secured or maintained by Contractor or its Subcontractors in relation to this Contract shall include clauses stating that each carrier shall waive all rights of recovery under subrogation or otherwise against Contractor or the State, its agencies, institutions, organizations, officers, agents, employees, and volunteers.

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