Common use of No Subrogation or Contribution Clause in Contracts

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.

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 LeaseLease s, 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.

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 LessorLender, the Guarantor shall not be subrogated to any right of the Lessor Lender against the LesseeBorrower, any other guarantor or any collateral, and any moneys, property or other consideration received, after a default received at any time by the Lessee under the Lease, by the Guarantor from the Lessee Borrower prior to payment in full of the Indebtedness and prior to the performance by the Lessee Borrower of all of the Obligations shall be held in trust for the Lessor Lender and shall be paid or transferred to the Lessor Lender upon demand therefor. The Guarantor agrees that it they will not assert any right of contribution against any other guarantor Guarantor of the Indebtedness, whether the obligations of such other guarantor 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 Lender and all of the Obligations have been performed.