No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder against the Issuers or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations.
Appears in 4 contracts
Samples: Indenture (Restaurant Brands International Limited Partnership), Indenture (Restaurant Brands International Inc.), Indenture (Restaurant Brands International Limited Partnership)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any set-off or application of funds of any of the Guarantors by any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrower on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 4 contracts
Samples: Credit Agreement (Core Mark International Inc), Subsidiaries Guarantee (Sybron International Corp), Credit Agreement (Lexmark International Group Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Secured Parties, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Parties against the Issuers Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Parties for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, Secured Parties by the Collateral Agent Company and the Holders by the Issuers Guarantors on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, benefit of the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Secured Parties may determine.
Appears in 4 contracts
Samples: Subsidiary Guarantee (Integrated Biopharma Inc), Subsidiary Guarantee (Echo Therapeutics, Inc.), Subsidiary Guarantee (Integrated Biopharma Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Borrower Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Lender by the Issuers Borrower on account of the Guaranteed Borrower Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Borrower Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLender, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Lender in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeLender, if required), to be applied against the Guaranteed Borrower Obligations, whether matured or unmatured, in such order as the Lender may determine.
Appears in 4 contracts
Samples: Guarantee and Collateral Agreement (Virtus Investment Partners, Inc.), Guarantee and Collateral Agreement (Circuit Research Labs Inc), Guarantee and Collateral Agreement (Harman International Industries Inc /De/)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent Trustees or any Holder against the Issuers Issuer or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent Trustees or any Holder for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Issuer or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent Trustees and the Holders by the Issuers Issuer on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent Trustees and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Trustees in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeTrustees, if required), to be applied against the Guaranteed Obligations.
Appears in 4 contracts
Samples: Indenture (Primo Water Corp /CN/), Indenture (Primo Water Corp /CN/), Indenture (Cott Corp /Cn/)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereundereither Borrower hereunder or any setoff or application of funds of either Borrower by the Lender, no Guarantor such Borrower shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Lender against the Issuers other Borrower or any other Guarantor guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Obligationsobligations, nor shall any Guarantor such Borrower seek or be entitled to seek any contribution or reimbursement from the Issuers other Borrower or any other Guarantor guarantor in respect of payments made by such Guarantor Borrower hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Lender by the Issuers Borrowers on account of the Guaranteed Obligations obligations are irrevocably paid in full. If any amount shall be paid to any Guarantor a Borrower on account of such subrogation rights at any time when all of the Guaranteed Obligations obligations shall not have been irrevocably paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such Guarantorthat Borrower, and shall, forthwith upon receipt by such Guarantorthe Borrower, be turned over to the Trustee Lender in the exact form received by such Guarantor the Borrower (duly indorsed endorsed by such Guarantor the Borrower to the TrusteeLender, if required), to be applied against the Guaranteed Obligationsobligations, whether matured or unmatured, in such order as the Lender may determine.
Appears in 4 contracts
Samples: Master Loan Agreement (PDS Financial Corp), Master Loan Agreement (PDS Financial Corp), Master Loan Agreement (PDS Financial Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Administrative Agent or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers Borrowers or any other Guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrowers or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Secured Obligations are paid Paid in fullFull. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 4 contracts
Samples: Guaranty and Collateral Agreement (Russ Berrie & Co Inc), Guaranty and Collateral Agreement (Russ Berrie & Co Inc), Guaranty and Collateral Agreement (Russ Berrie & Co Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Borrower Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Secured Parties by the Issuers Borrower on account of the Guaranteed Borrower Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Borrower Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Borrower Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 4 contracts
Samples: Guarantee and Collateral Agreement (Eddie Bauer Holdings, Inc.), Guarantee and Collateral Agreement (Eddie Bauer Holdings, Inc.), Term Loan Agreement (Eddie Bauer Holdings, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each the Guarantor hereunderhereunder or any set-off or application of funds of the Guarantor by the Buyer or any of its Affiliates, no the Guarantor shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or Buyer against any Holder against the Issuers Seller or any other Guarantor guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Buyer for the payment of the Guaranteed Obligations, nor shall any the Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Sellers or any other Guarantor guarantor in respect of payments made by such the Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Buyer by the Issuers Sellers on account of the Guaranteed Obligations are paid in fullfull and the Master Repurchase Agreement is terminated. If any amount shall be paid to any the Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such the Guarantor in trust for the Trustee, the Collateral Agent and the HoldersBuyer, segregated from other funds of such the Guarantor, and shall, forthwith upon receipt by such the Guarantor, be turned over to the Trustee Buyer in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the TrusteeBuyer, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Buyer may determine.
Appears in 4 contracts
Samples: Guaranty (New Century Financial Corp), Guaranty (New Century Financial Corp), Guaranty (New Century Financial Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Secured Parties, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Parties against the Issuers Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Parties for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Secured Parties by the Issuers Company on account of the Guaranteed Obligations are indefeasibly paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAgent, if required), to be applied against the Guaranteed Obligations, whether matured or unmetered, in such order as the Secured Parties may determine.
Appears in 4 contracts
Samples: Subsidiary Guarantee (Cardax, Inc.), Subsidiary Guarantee (Helix TCS, Inc.), Subsidiary Guarantee (Helix TCS, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent Trustee or any Holder against the Issuers Company or any other Guarantor or any collateral security or guarantee Guarantee or right of offset held by the Trustee, the Collateral Agent Trustee or any Holder for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent Trustee and the Holders by the Issuers Company on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent Trustee and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations.
Appears in 3 contracts
Samples: Indenture (Earthstone Energy Inc), Indenture (Earthstone Energy Inc), Indenture (Basic Energy Services Inc)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderhereunder or any set-off or application of funds of Guarantor by Lender, no Guarantor shall not be entitled to be subrogated to any of the rights of the TrusteeLender against Borrower, the Collateral Agent or any Holder against the Issuers other Obligor or any other Guarantor or any collateral security Person or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder for Lender of the payment of the Guaranteed ObligationsIndebtedness, nor shall any Guarantor seek or be entitled to seek any reimbursement or contribution or reimbursement from the Issuers Borrower, any other Obligor, or any other Guarantor Person in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Lender by the Issuers Borrower on account of the Guaranteed Obligations Indebtedness are indefeasibly paid in fullfull in cash. If any amount shall be paid to any Guarantor on account of such the subrogation rights at any time when all of the Guaranteed Obligations shall Indebtedness has not have been indefeasibly paid in fullfull in cash, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersGuaranteed Parties, segregated from other funds of such Guarantor, and shall, forthwith immediately upon receipt by such Guarantor, be turned over to the Trustee Lender in the exact form received by such Guarantor (duly indorsed endorsed by such Guarantor to the TrusteeLender, if required), to be applied against the Guaranteed ObligationsIndebtedness, whether matured or unmatured, in such order as Lender may determine.
Appears in 3 contracts
Samples: Credit Agreement and Security Agreement, Credit Agreement (Ascent Assurance Inc), Credit Agreement and Security Agreement (Ascent Assurance Inc)
No Subrogation. Notwithstanding any payment or payments made by each the Guarantors hereunder or any set-off or application of funds of any Guarantor hereunderby any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers any Borrower or any other Guarantor guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers any Borrower or any other Guarantor guarantor in respect of payments made by such any Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Secured Parties by the Issuers Borrowers on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantorthe Guarantors, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Collateral Agent and the Secured Parties may determine.
Appears in 3 contracts
Samples: Credit Agreement, Credit Agreement (Cypress Energy Partners, L.P.), Credit Agreement (Cypress Energy Partners, L.P.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Secured Party for the payment of the Guaranteed Borrower Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Borrower Obligations are paid in full, no Letter of Credit shall be outstanding and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Borrower Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Borrower Obligations, whether matured or unmatured, as provided by Section 6.5 hereof.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (Nbty Inc), Guarantee and Collateral Agreement (Nbty Inc), Guarantee and Collateral Agreement (Nbty Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any setoff or application of funds of any Guarantor by the Administrative Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Secured Party against the Issuers any Borrower or any other Guarantor or any collateral security Collateral or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Secured Party for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers any Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, in each case, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account Discharge of the Guaranteed Obligations are paid in fullObligations. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all prior to the Discharge of the Guaranteed Obligations shall not have been paid in fullObligations, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Secured Parties, shall be segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against in such order as set forth in Section 6.5 hereof irrespective of the Guaranteed Obligationsoccurrence or the continuance of any Event of Default.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement, Credit Agreement (Xcerra Corp), Guarantee and Collateral Agreement (Ultra Clean Holdings Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Collateral Agent or any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullTermination Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of prior to the Guaranteed Obligations shall not have been paid in fullTermination Date, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersAgent, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with Section 5.3 of the Pledge Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Iac/Interactivecorp), Credit Agreement (Match Group, Inc.), Credit Agreement (Iac/Interactivecorp)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any setoff or application of funds of any of the Guarantors by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers any Loan Party or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers any Loan Party or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Secured Parties by the Issuers any Loan Party on account of the Guaranteed Obligations are paid in full, no Letters of Credit are outstanding and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, Letters of Credit are outstanding and the Commitments shall not have been terminated, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, shall forthwith upon receipt by such Guarantor, Guarantor be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed endorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, at such time and in such order as the Collateral Agent may determine.
Appears in 3 contracts
Samples: Guarantee Agreement, Guarantee Agreement (GrafTech Holdings Inc.), Guarantee Agreement (Graftech International LTD)
No Subrogation. Notwithstanding any payment or payments made by each Note Guarantor hereunder, no Note Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent Trustee or any Holder against the Issuers Company or any other Note Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent Trustee or any Holder for the payment of the Guaranteed Guarantor Obligations, nor shall any Note Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Note Guarantor in respect of payments made by such Note Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent Trustee and the Holders by the Issuers Company on account of the Guaranteed Guarantor Obligations are paid in full. If any amount shall be paid to any Note Guarantor on account of such subrogation rights at any time when all of the Guaranteed Guarantor Obligations shall not have been paid in full, such amount shall be held by such Note Guarantor in trust for the Trustee, the Collateral Agent Trustee and the Holders, segregated from other funds of such Note Guarantor, and shall, forthwith upon receipt by such Note Guarantor, be turned over to the Trustee in the exact form received by such Note Guarantor (duly indorsed by such Note Guarantor to the Trustee, if required), to be applied against the Guaranteed Guarantor Obligations.
Appears in 3 contracts
Samples: Indenture (Libbey Inc), Indenture (Libbey Inc), Indenture (Libbey Inc)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderHoldings hereunder or any set-off or application of funds of Holdings by any of the Agents or Lenders, no Guarantor Holdings shall not be entitled to be subrogated to any of the rights of any of the Trustee, the Collateral Agent Agents or any Holder Lenders against the Issuers or any other Guarantor Credit Parties or any collateral security or guarantee or right of offset held by any of the Trustee, the Collateral Agent Agents or any Holder Lenders for the payment of all or any portion of the Guaranteed Obligations, nor shall any Guarantor Holdings seek or be entitled to seek any contribution or reimbursement from any of the Issuers or any other Guarantor Credit Parties in respect of payments made by such Guarantor Holdings hereunder, until all amounts owing to the Trustee, the Collateral Agent Agents and the Holders Lenders by the Issuers other Credit Parties on account of the Guaranteed Obligations are paid in full, no Letter of Credit shall be outstanding and the Commitments are terminated. If any amount shall be paid to any Guarantor Holdings on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor Holdings in trust for the Trustee, the Collateral Agent Agents and the HoldersLenders, segregated from other funds of such GuarantorHoldings, and shall, forthwith upon receipt by such GuarantorHoldings, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor Holdings (duly indorsed by such Guarantor Holdings to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Required Lenders may determine.
Appears in 3 contracts
Samples: 364 Day Credit Agreement (L 3 Communications Corp), Credit Agreement (L 3 Communications Corp), Credit Agreement (L 3 Communications Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Subsidiary Guarantor hereunder, no Guarantor none of the Subsidiary Guarantors shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent Trustee or any Holder against the Issuers or any other Guarantor Company or any collateral security or guarantee Guarantee or right of offset held by the Trustee, the Collateral Agent Trustee or any Holder for the payment of the Guaranteed Obligations, nor shall any Guarantor of the Subsidiary Guarantors seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Subsidiary Guarantor in respect of payments made by such Subsidiary Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent Trustee and the Holders Holders, by the Issuers Company on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor of the Subsidiary Guarantors on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Subsidiary Guarantor in trust for the Trustee, the Collateral Agent Trustee and the Holders, segregated from other funds of such Subsidiary Guarantor, and shall, forthwith upon receipt by such Subsidiary Guarantor, be turned over to the Trustee in the exact form received by such Subsidiary Guarantor (duly indorsed by such Subsidiary Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations.
Appears in 3 contracts
Samples: Indenture (Reliance Steel & Aluminum Co), Indenture (Precision Flamecutting & Steel, Inc.), Indenture (Reliance Steel & Aluminum Co)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent Trustee or any Holder against the Issuers or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent Trustee or any Holder for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor in respect of payments made by such Guarantor hereunderhereunder (including, without limitation, under Section 10.3), until all amounts owing to the Trustee, the Collateral Agent Trustee and the Holders by the Issuers on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent Trustee and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations.
Appears in 3 contracts
Samples: Indenture (FriendFinder Networks Inc.), Indenture (FriendFinder Networks Inc.), Indenture (FriendFinder Networks Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder against the Issuers Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder for the payment of the Guaranteed Note Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers Company on account of the Guaranteed Note Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Note Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Note Obligations.
Appears in 3 contracts
Samples: Indenture (Global Crossing Airlines Group Inc.), Indenture (American Airlines, Inc.), Indenture (American Airlines, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Administrative Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Secured Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Secured Party for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Revolving Loan Secured Obligations are paid in fullTermination Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Revolving Loan Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Revolving Loan Secured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed endorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Revolving Loan Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine, subject to the terms and provisions of the Collateral Trust Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Delta Energy Center, LLC), Credit Agreement (Calpine Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Administrative Agent or any Lender, no Guarantor shall be entitled seek to be subrogated to enforce any right of subrogation in respect of any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Loan Parties on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed ObligationsObligations , whether matured or unmatured, in such order as the Administrative Agent may determine. For the avoidance of doubt, nothing in the foregoing agreement by the Guarantors shall operate as a waiver of any subrogation rights.
Appears in 2 contracts
Samples: Guarantee Agreement (Constellation Brands, Inc.), Guarantee Agreement (Constellation Brands, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each a Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers Seller or any other Guarantor guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Seller or any other Guarantor guarantor in respect of payments made by such a Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Secured Parties by the Issuers Seller on account of the Guaranteed Obligations are paid in fullfull and the Master Repurchase Agreement shall have expired or been terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAgent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Agent and the Secured Parties may determine.
Appears in 2 contracts
Samples: Parent Guarantee (RAIT Financial Trust), Parent Guarantee (RAIT Financial Trust)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Collateral Agent or any Purchaser, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Purchaser against the Issuers Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder the Purchasers for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers Company on account of the Guaranteed Obligations are indefeasibly paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersAgent, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Collateral Agent may determine.
Appears in 2 contracts
Samples: Subsidiary Guarantee (NRX Pharmaceuticals, Inc.), Subsidiary Guarantee (Ensysce Biosciences, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by Agent or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Secured Obligations are paid Paid in fullFull. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be promptly turned over to the Trustee Agent in the exact form received by such Guarantor (duly indorsed (but without any representation or warranty) by such Guarantor to the TrusteeAgent, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in a manner that is consistent with the provisions of Section 2.10.2 of the Credit Agreement.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Hooper Holmes Inc), Guarantee and Collateral Agreement (Pdi Inc)
No Subrogation. Notwithstanding any payment or payments made by each the Guarantor hereunderhereunder or any set-off or application of funds of the Guarantor by any Secured Party, no so long as any of the Guaranteed Obligations under the Financing Documents remain outstanding (subject to Section 2.5), (a) the Guarantor shall be entitled to be subrogated subordinates all of its rights of subrogation to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers Borrower or any other Guarantor Loan Party or any collateral security or guarantee or right of offset held by the TrusteeCollateral Agent, the Collateral Administrative Agent or any Holder other Secured Party for the payment of the Guaranteed Obligations, nor shall any and (b) the Guarantor subordinates all of its rights to seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor Loan Party in respect of payments made by such the Guarantor hereunder, in each case, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid this Guaranty has been terminated in fullaccordance with its terms. If any amount shall be paid to any the Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid this Guaranty remains in fullfull force and effect, such amount shall be held by such the Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such the Guarantor, and shall, forthwith upon receipt by such the Guarantor, promptly be turned over to the Trustee Administrative Agent in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such manner and in such order as specified in the Credit Agreement.
Appears in 2 contracts
Samples: Guaranty Agreement (Global Clean Energy Holdings, Inc.), Guaranty Agreement (Global Clean Energy Holdings, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Guaranteed Party, no Guarantor shall be entitled to be subrogated to any of the rights of any Guaranteed Party against the Trustee, the Collateral Agent Company or any Holder against the Issuers or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Guaranteed Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Guaranteed Parties by the Issuers Company on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such GuarantorGuaranteed Parties, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as such Guarantor (or, if an Event of Default shall have occurred and be continuing, the Administrative Agent) may determine.
Appears in 2 contracts
Samples: 364 Day Delayed Draw Term Loan Credit Agreement (General Motors Co), 364 Day Revolving Credit Agreement (General Motors Co)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by Agent or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Secured Obligations are paid Paid in fullFull; provided, however, that each Guarantor agrees that such right of subrogation shall be automatically (without any further action) and irrevocably waived and released in its entirety if any Collateral is acquired by a Person as a result of the exercise of remedies under the Loan Documents, a court order or a plan of reorganization or similar dispositive plan. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull (or when such right of subrogation shall have been waived), such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be promptly turned over to the Trustee Agent in the exact form received by such Guarantor (duly indorsed (but without any representation or warranty) by such Guarantor to the TrusteeAgent, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in a manner that is consistent with the provisions of Section 2.10.2 of the Credit Agreement.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Acer Therapeutics Inc.), Guarantee and Collateral Agreement (Acer Therapeutics Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers any Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers any Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullTermination Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 2 contracts
Samples: Credit Agreement (Tempur Sealy International, Inc.), Credit Agreement (Tempur Sealy International, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder against the Issuers Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder for the payment of the Guaranteed any Guarantor Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers Company on account of the Guaranteed any Guarantor Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Guarantor Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee or the Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeTrustee or the Collateral Agent, if required), to be applied against the Guaranteed Guarantor Obligations.
Appears in 2 contracts
Samples: Indenture (National CineMedia, LLC), Indenture (National CineMedia, LLC)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Administrative Agent or any other Lender Party, no Guarantor shall be entitled seek to be subrogated to enforce any right of subrogation in respect of any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Lender Party against the Issuers or any other Guarantor Loan Party or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Lender Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Loan Party in respect of payments made by such Guarantor hereunderunder this Article 10, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders other Lender Parties by the Issuers Loan Parties on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Lender Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. For the avoidance of doubt, nothing in the foregoing agreement by the Guarantor shall operate as a waiver of any subrogation rights.
Appears in 2 contracts
Samples: Bridge Credit Agreement (Mylan N.V.), Bridge Credit Agreement (Mylan N.V.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunder, or any setoff or application of funds of any Guarantor by any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers other Borrower or any other Guarantor or against any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Borrower in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrowers on account of the Guaranteed Obligations are paid in full, no Letter of Credit shall be outstanding (unless such Letter of Credit is cash collateralized in accordance with Section 2.05(c) of the Credit Agreement) and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 2 contracts
Samples: Credit Agreement (Time Warner Inc), Credit Agreement (Time Warner Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Guaranteed Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Guaranteed Party against the Issuers Borrower or any other Guarantor or any collateral security Person or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder for Guaranteed Party of the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any reimbursement or contribution or reimbursement from the Issuers Borrower, any other Guarantor, or any other Guarantor Person in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Guaranteed Parties by the Issuers Borrower on account of the Guaranteed Obligations are paid in fullfull in cash. If any amount shall be paid to any Guarantor on account of such the subrogation rights at any time when all of the Guaranteed Obligations shall have not have been paid in fullfull in cash, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersGuaranteed Parties, segregated from other funds of such Guarantor, and shall, forthwith immediately upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed endorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 2 contracts
Samples: Guaranty (Nexstar Broadcasting Group Inc), Guaranty (Nexstar Broadcasting Group Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunder, or any setoff or application of funds of any Guarantor by any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or against any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Borrower in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrower on account of the Guaranteed Obligations are paid in full, no Letter of Credit shall be outstanding (unless such Letter of Credit is Cash Collateralized in accordance with Section 2.05(d) of the Credit Agreement) and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 2 contracts
Samples: Credit Agreement (Time Warner Cable Inc.), Credit Agreement (Time Warner Cable Inc.)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any set-off or application of funds of any of the Guarantors by any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Lenders by the Issuers Borrower on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAgent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Agent may determine.
Appears in 2 contracts
Samples: Guarantee (Recoton Corp), Credit Agreement (Recoton Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any setoff or application of funds of any Guarantor by the Administrative Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Secured Party against the Issuers Borrowers or any other Guarantor or any collateral security Collateral or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Secured Party for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrowers or any other Guarantor in respect of payments made by such Guarantor hereunder, in each case, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account Discharge of the Guaranteed Obligations are paid in fullObligations. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all prior to the Discharge of the Guaranteed Obligations shall not have been paid in fullObligations, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Secured Parties, shall be segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against in such order as set forth in Section 6.5 hereof irrespective of the Guaranteed Obligationsoccurrence or the continuance of any Event of Default.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Benefitfocus,Inc.), Guarantee and Collateral Agreement (Benefitfocus,Inc.)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderthe Guarantors hereunder or any setoff or application of funds of the Guarantors by the Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder other Secured Party against the Issuers Borrower or any other Guarantor or any collateral security Collateral or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder other Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor the Guarantors hereunder, in each case, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account Discharge of the Guaranteed Obligations are paid in fullObligations. If any amount shall be paid to any Guarantor on account in violation of such subrogation rights the immediately preceding sentence at any time when all prior to the Discharge of the Guaranteed Obligations shall not have been paid in fullObligations, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holdersother Secured Parties, shall be segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAgent, if required), to be applied against in such order as set forth in Section 11.2 of the Guaranteed ObligationsLoan Agreement irrespective of the occurrence or the continuance of any Event of Default.
Appears in 2 contracts
Samples: Guaranty (Veeco Instruments Inc), Guaranty (Marketwise, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any set-off or appropriation or application of funds of any of the Guarantors by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Secured Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed ObligationsObligations until the Termination Date, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, hereunder until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullTermination Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of prior to the Guaranteed Obligations shall not have been paid in fullTermination Date, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Secured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (California Resources Corp)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor the Guarantors hereunder, no Guarantor none of the Guarantors shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent Trustee or any Holder against the Issuers or any other Guarantor Issuer or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent Trustee or any Holder for the payment of the Guaranteed Obligations, nor shall any Guarantor of the Guarantors seek or be entitled to seek any contribution or reimbursement from the Issuers Issuer or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent Trustee and the Holders Holders, as well as the holders of any other Permitted Indebtedness, by the Issuers Issuer on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor of the Guarantors on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent Trustee and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations.
Appears in 2 contracts
Samples: Indenture (Brandywine Operating Partnership Lp /Pa), Indenture (Brandywine Realty Trust)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunder, or any setoff or application of funds of any Guarantor by any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or against any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Borrower in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrower on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 2 contracts
Samples: Credit Agreement (Aol Time Warner Inc), Credit Agreement (Time Warner Inc)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderhereunder or any set-off or application of funds of Guarantor by the Administrative Agent or any Lender, no Guarantor shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers or any other Guarantor Company or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Company in respect of payments made by such Guarantor hereunder, until all amounts owing to of the Trustee, the Collateral Agent Secured Obligations are Paid in Full and the Holders by the Issuers on account of the Guaranteed Obligations Term Loan Commitments are paid in fullterminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in such order as Administrative Agent may determine.
Appears in 2 contracts
Samples: Guaranty and Collateral Agreement (Qumu Corp), Guaranty and Collateral Agreement (Qumu Corp)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any setoff or application of funds of any of the Guarantors by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers any Credit Party or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers any Credit Party or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Secured Parties by the Issuers any Credit Party on account of the Guaranteed Obligations are paid in full, no Letters of Credit are outstanding and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, Letters of Credit are outstanding and the Commitments shall not have been terminated, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, shall forthwith upon receipt by such Guarantor, Guarantor be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed endorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, at such time and in such order as the Collateral Agent may determine.
Appears in 2 contracts
Samples: Guarantee Agreement (Ucar International Inc), Subsidiary Guarantee Agreement (Ucar International Inc)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any set-off or application of funds of any of the Guarantors by any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers any Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers any Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrowers on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 2 contracts
Samples: Subsidiaries Guarantee (Sybron International Corp), Subsidiaries Guarantee (Sybron International Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any setoff or application of funds of any Guarantor by the Collateral Agent or any Noteholder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Noteholder against the Issuers Company or any other Guarantor or any collateral security Collateral or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Noteholder for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, in each case, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid Payment in fullFull. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid prior to Payment in fullFull, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersNoteholders, shall be segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against in such order as set forth in Section 6.5 hereof irrespective of the Guaranteed Obligationsoccurrence or the continuance of any Event of Default.
Appears in 2 contracts
Samples: Guaranty and Security Agreement (SCWorx Corp.), Guaranty and Security Agreement (Smith Micro Software, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunder, no such Guarantor shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Security Agent, the Polish Security Agent or any Holder against the Issuers or any other Guarantor Issuer or any collateral security or guarantee Guarantee or right of offset held by the Trustee, the Collateral Security Agent, the Polish Security Agent or any Holder for the payment of the Guaranteed Obligations, Obligations nor shall any such Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Issuer in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Security Agent, the Polish Security Agent and the Holders by the Issuers Issuer on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any a Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Security Agent, the Polish Security Agent and the Holders, segregated from other funds of such Guarantor, Guarantor and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations.
Appears in 2 contracts
Samples: Indenture (Central European Distribution Corp), Indenture (Central European Distribution Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Borrower Obligations, nor shall any Guarantor seek or be entitled to seek any indemnity, exoneration, participation, contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers Secured Parties on account of the Guaranteed Borrower Obligations are irrevocably and indefeasibly paid in fullfull in cash. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Borrower Obligations shall not have been irrevocably and indefeasibly paid in fullfull in cash, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such GuarantorSecured Parties, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Borrower Obligations, whether matured or unmatured, in accordance with Section 10.02(c) of the Term Loan Agreement.
Appears in 2 contracts
Samples: Second Lien Guaranty and Collateral Agreement (Petro Resources Corp), Second Lien Guaranty and Collateral Agreement (ABC Funding, Inc)
No Subrogation. Notwithstanding any payment or payments made by each the Guarantor hereunder, no or any set-off or application of funds of the Guarantor by the Administrative Agent or any Bank, the Guarantor shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Bank against the Issuers Company or any other Guarantor or against any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Bank for the payment of the Guaranteed Obligations, nor shall any the Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Company in respect of payments made by such the Guarantor hereunder, until the Commitments are terminated and all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Banks by the Issuers Company on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any the Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such the Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersBanks, segregated from other funds of such the Guarantor, and shall, forthwith upon receipt by such the Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured.
Appears in 2 contracts
Samples: Unconditional Guaranty (Cit Group Inc), Unconditional Guaranty (Cit Group Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any setoff or application of funds of any Guarantor by any Guaranteed Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Guaranteed Party against the Issuers Company or any other Guarantor or any collateral security or guarantee or right of offset setoff held by the Trustee, the Collateral Administrative Agent or any Holder other Guaranteed Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Guaranteed Parties by the Issuers Company on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersGuaranteed Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent for deposit to the deposit accounts established pursuant to Section 5.8 of the Credit Agreement in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as specified in the Security Agreement.
Appears in 2 contracts
Samples: Guarantee Agreement (Istar Financial Inc), Guarantee Agreement (Istar Financial Inc)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any set-off or appropriation or application of funds of any of the Guarantors by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder other Secured Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed ObligationsObligations until the Termination Date, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, hereunder until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullTermination Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of prior to the Guaranteed Obligations shall not have been paid in fullTermination Date, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holdersother Secured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Collateral Agent may determine.
Appears in 2 contracts
Samples: Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any set-off or application of funds of any of the Guarantors by any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrower on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Credit Agreement shall provide.
Appears in 2 contracts
Samples: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Guaranteed Creditor, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Guaranteed Creditor against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Guaranteed Creditor for the payment of the Guaranteed ObligationsIndebtedness, nor shall any Guarantor seek or be entitled to seek any indemnity, exoneration, participation, contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid Payment in fullFull. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid prior to Payment in fullFull, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such GuarantorGuaranteed Creditors, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed ObligationsIndebtedness, whether matured or unmatured, in accordance with Section 10.02(c) of the Credit Agreement.
Appears in 2 contracts
Samples: Guaranty Agreement, Guaranty Agreement (Exterran Partners, L.P.)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany Borrower hereunder or any setoff or application of funds of any Borrower by Lead Lender, no Guarantor such Borrower shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or Lead Lender against any Holder against the Issuers other Borrower or any other Guarantor guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Agent or any Holder Lead Lender for the payment of the Guaranteed Obligationsobligations, nor shall any Guarantor such Borrower seek or be entitled to seek any contribution or reimbursement from the Issuers any other Borrower or any other Guarantor guarantor in respect of payments made by such Guarantor Borrower hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Lead Lender by the Issuers Borrowers on account of the Guaranteed Obligations obligations are irrevocably paid in full. If any amount shall be paid to any Guarantor a Borrower on account of such subrogation rights at any time when all of the Guaranteed Obligations obligations shall not have been irrevocably paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such Guarantorthat Borrower, and shall, forthwith upon receipt by such GuarantorBorrower, be turned over to the Trustee Lead Lender in the exact form received by such Guarantor Borrower (duly indorsed endorsed by such Guarantor Borrower to the TrusteeLead Lender, if required), to be applied against the Guaranteed Obligationsobligations, whether matured or unmatured, in such order as Lead Lender may determine.
Appears in 2 contracts
Samples: Master Loan Agreement (PDS Gaming Corp), Loan Agreement (PDS Gaming Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Borrower Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Secured Parties by the Issuers Borrower on account of the Guaranteed Borrower Obligations are paid in full, no Letter of Credit shall be outstanding and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Borrower Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor Administrative Agent (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be credited and applied against the Guaranteed Borrower Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine pursuant to this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Business Sound Inc), Guarantee and Collateral Agreement (Business Sound Inc)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any set-off or appropriation and application of funds of any of the Guarantors by the Collateral Agent or any other ABL Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder other ABL Secured Party against the Issuers any ABL Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder other ABL Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers any ABL Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullRelease Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of prior to the Guaranteed Obligations shall not have been paid in fullRelease Date, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holdersother ABL Secured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether due or to become due, in accordance with Section 5.04 of the ABL Security Agreement.
Appears in 2 contracts
Samples: Abl Guaranty (Tribune Publishing Co), Abl Credit Agreement (Tribune Publishing Co)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any set-off or appropriation and application of funds of any of the Guarantors by the Collateral Agent or any other Term Loan Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder other Term Loan Secured Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder other Term Loan Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullRelease Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of prior to the Guaranteed Obligations shall not have been paid in fullRelease Date, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holdersother Term Loan Secured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether due or to become due, in accordance with Section 5.04 of the Term Loan Security Agreement.
Appears in 2 contracts
Samples: Term Loan Guaranty (Tribune Publishing Co), Term Loan Credit Agreement (Tribune Publishing Co)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any setoff or application of funds of any Guarantor by any Guaranteed Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Guaranteed Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset setoff held by the Trustee, the Collateral Administrative Agent or any Holder other Guaranteed Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor Person hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Guaranteed Parties by the Issuers Borrower on account of the Guaranteed Obligations are paid in full, no Letter of Credit shall be outstanding and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersGuaranteed Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 2 contracts
Samples: Guarantee Agreement (Centurylink, Inc), Guarantee Agreement (Centurylink, Inc)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any setoff or application of funds of any of the Guarantors by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers any Loan Party or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers any Loan Party or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullTermination Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of prior to the Guaranteed Obligations shall not have been paid in fullTermination Date, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, Guarantor be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed endorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, at such time and in such order as the Collateral Agent may determine.
Appears in 2 contracts
Samples: Guarantee Agreement (Graftech International LTD), Guarantee Agreement (Graftech International LTD)
No Subrogation. Notwithstanding any payment or payments made by each the Guarantor hereunderhereunder or any set-off or application of funds of the Guarantor by the Administrative Agent or any Lender, no the Guarantor shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers or any other Guarantor Borrowers or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Borrower Obligations, nor shall any the Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Borrowers in respect of payments made by such the Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrowers on account of the Guaranteed Borrower Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any the Guarantor on account of such subrogation rights at any time when all of the Guaranteed Borrower Obligations shall not have been paid in full, such amount shall be held by such the Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such the Guarantor, and shall, forthwith upon receipt by such the Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Borrower Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 2 contracts
Samples: Credit Agreement (Eaton Vance Corp), Credit Agreement (Eaton Vance Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Guaranteed Parties, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Guaranteed Parties against the Issuers Borrower or any other Guarantor guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Agent or any Holder Guaranteed Parties for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Guaranteed Parties by the Issuers Borrower on account of the Guaranteed Obligations are paid in fullfull and the Facility Agreement has been terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, benefit of the Collateral Agent and the HoldersGuaranteed Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Guaranteed Parties in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeGuaranteed Parties, if required), to be applied against the Obligations, whether matured or unmatured, in such order as the Guaranteed ObligationsParties may determine.
Appears in 2 contracts
Samples: Guaranty (AAC Holdings, Inc.), Facility Agreement (AAC Holdings, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each the Guarantor hereunderhereunder or any set-off or application of funds of the Guarantor by any Benefitted Party, no the Guarantor shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Benefitted Party against the Issuers Company or any other Guarantor guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Benefitted Party for the payment of the Guaranteed Obligations, nor shall any the Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor guarantor in respect of payments made by such the Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Benefitted Parties by the Issuers Company on account of the Guaranteed Obligations are paid in fullFully Satisfied. If any amount shall be paid to any the Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in fullFully Satisfied, such amount shall be held by such the Guarantor in trust for the Trustee, Administrative Agent (on behalf of the Collateral Agent and the HoldersBenefitted Parties), segregated from other funds of such the Guarantor, and shall, forthwith upon receipt by such the Guarantor, be turned over to the Trustee Administrative Agent (on behalf of the Benefitted Parties) in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or Lender against any Holder against the Issuers Borrower or any other Guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers any Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to of the TrusteeSecured Obligations are Paid in Full, the Collateral Agent no Letter of Credit shall be outstanding and the Holders by the Issuers on account of the Guaranteed Obligations Commitments are paid in fullterminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLender, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Lender in the exact form received by such Guarantor (duly 14766401\V-7 indorsed by such Guarantor to the TrusteeLender, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in such order as the Lender may determine.
Appears in 1 contract
Samples: Guaranty and Security Agreement (Westell Technologies Inc)
No Subrogation. Notwithstanding any payment or payments made by each any -------------- Guarantor hereunderhereunder or any set-off orapplication of funds of any Guarantor by the Agent or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Lender against the Issuers Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Lenders by the Issuers Company on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAgent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Agent may determine.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (G&l Realty Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunder, or any setoff or application of funds of any Guarantor by any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers other Borrower or any other Guarantor or against any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Borrower in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrowers on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 1 contract
Samples: Credit Agreement (Time Warner Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any setoff or application of funds of any Guarantor by the Administrative Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Secured Party against the Issuers Borrower or any other Guarantor or any collateral security Collateral or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Secured Party for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, in each case, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account Discharge of the Guaranteed Obligations are paid in fullObligations. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all prior to the Discharge of the Guaranteed Obligations shall not have been paid in fullObligations, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Secured Parties, shall be segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against in such order as set forth in Section 6.5 hereof irrespective of the Guaranteed Obligationsoccurrence or the continuance of any Event of Default.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Axcelis Technologies Inc)
No Subrogation. Notwithstanding any payment or payments made by each the Guarantor hereunderhereunder or any set-off or application of funds of the Guarantor by the Administrative Agent or any Lender, no the Guarantor shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers or any other Guarantor Borrower or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any the Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Borrower in respect of payments made by such the Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrower on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any the Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such the Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holders, segregated from other funds of such Guarantor, Lenders and shall, forthwith upon receipt by such the Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any setoff or application of funds of any Guarantor by the Administrative Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Secured Party against the Issuers Borrower or any other Guarantor or any collateral security Collateral or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Secured Party for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, in each case, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account Discharge of the Guaranteed Obligations are paid in fullObligations. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all prior to the Discharge of the Guaranteed Obligations shall not have been paid in fullObligations, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Secured Parties, shall be segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against in such order as set forth in Section 6.5 irrespective of the Guaranteed Obligationsexistence of any Event of Default.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Ultra Clean Holdings Inc)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderpursuant to this Guaranty or any set-off or application of funds of Guarantor by the Administrative Agent or any Lender in connection with this Guaranty, no Guarantor shall be entitled not exercise any rights to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers or any other Guarantor Borrower or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Borrower Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Borrower in respect of payments made by such Guarantor hereunderunder this Guaranty, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders by the Issuers Lenders on account of the Guaranteed Borrower Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all any of the Guaranteed Borrower Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Borrower Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. The provisions of this Section 2.2 shall survive the term of this Guaranty and the payment in full of the Borrower Obligations.
Appears in 1 contract
Samples: Guaranty Agreement (International Business Machines Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder to or any set-off or application of funds of any Guarantor by the Collateral Agents or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent Agents or any Holder Lender against the Issuers or any other Guarantor Loan Party or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent Agents or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Loan Party in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent Agents and the Holders Lenders by the Issuers Borrower on account of the Guaranteed Obligations are paid in fullfull and the Revolving Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent Agents and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agents on a ratable basis in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agents, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as each Collateral Agent may determine.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Virgin Mobile USA, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Administrative Agent or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers Company or any other Guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Companies or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to of the TrusteeSecured Obligations are Paid in Full, the Collateral Agent no Letter of Credit shall be outstanding and the Holders by the Issuers on account of the Guaranteed Obligations Commitments are paid in fullterminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 1 contract
Samples: Guaranty and Collateral Agreement (Westell Technologies Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any setoff or application of funds of any Guarantor by the Administrative Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Secured Party against the Issuers any Borrower or any other Guarantor or any collateral security Collateral or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Secured Party for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers any Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, in each case, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account Discharge of the Guaranteed Obligations are paid in fullObligations. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all prior to the Discharge of the Guaranteed Obligations shall not have been paid in fullObligations, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Secured Parties, shall be segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against in such order as set forth in Section 8.3 of the Guaranteed ObligationsCredit Agreement irrespective of the occurrence or the continuance of any Event of Default.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Global Telecom & Technology, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor any of the Guarantors hereunder, no Guarantor shall be entitled to be subrogated exercise any rights of subrogation it may have to any of the rights of the Trustee, the Collateral Agent Trustee or any Holder against the Issuers Company or any other Guarantor or any collateral security Note or guarantee or right of offset held by the Trustee, the Collateral Agent Trustee or any Holder for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent Trustee and the Holders by the Issuers Company 105 US-DOCS\113440289.2 00000000.2 on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent Trustee and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations.
Appears in 1 contract
Samples: Indenture (Baytex Energy Corp.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Guaranteed Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Guaranteed Party against the Issuers Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Guaranteed Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Guaranteed Parties by the Issuers Company on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such GuarantorGuaranteed Parties, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as such Guarantor (or, if an Event of Default shall have occurred and be continuing, the Administrative Agent) may determine.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Administrative Agent or any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Secured Party against the Issuers Borrowers or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Secured Party for the payment of the Guaranteed Borrowers Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrowers or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid Paid in fullFull Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of prior to the Guaranteed Obligations shall not have been paid Paid in fullFull Date, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Borrowers Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Allscripts Healthcare Solutions, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Loan Guarantor hereunderhereunder or any set-off or application of funds of any Loan Guarantor by Lender, no Loan Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Lender against the Issuers Borrower or any other Loan Guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Secured Obligations, nor shall any Loan Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Loan Guarantor in respect of payments made by such Loan Guarantor hereunder, until all amounts owing to of the TrusteeSecured Obligations are Paid in Full, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations Commitments are paid in fullterminated. If any amount shall be paid to any Loan Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull, such amount shall be held by such Loan Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLender, segregated from other funds of such Loan Guarantor, and shall, forthwith upon receipt by such Loan Guarantor, be turned over to the Trustee Lender in the exact form received by such Loan Guarantor (duly indorsed by such Guarantor to the TrusteeLoan Guarantor, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in such order as Lender may determine.
Appears in 1 contract
Samples: Loan and Security Agreement (Camping World Holdings, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Agent or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral any Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral any Agent or any Holder Lender for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Secured Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent Agents and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee applicable Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trusteeapplicable Agent, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Senior Subordinate Superpriority Secured Debtor in Possession Credit Agreement (ProSomnus, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any set-off or appropriation and application of funds of any of the Guarantors by the Collateral Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights (or if subrogated by operation of law, such Guarantor hereby waives such rights to the Trustee, extent permitted by applicable law) of the Collateral Agent or any Holder other Secured Party against the Issuers Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder other Secured Party for the payment of any of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullGuarantee Termination Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of prior to the Guaranteed Obligations shall not have been paid in fullGuarantee Termination Date, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such Guarantor, Secured Parties and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether due or to become due, in such order as the Collateral Agent may determine.
Appears in 1 contract
Samples: Senior Secured Debtor in Possession Credit Agreement (Energy Future Competitive Holdings Co LLC)
No Subrogation. Notwithstanding any payment or payments made by each any Loan Guarantor hereunderhereunder or any set-off or application of funds of any Loan Guarantor by the Agent or any Lender, no Loan Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Lender against the Issuers Borrower or any other Loan Guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Loan Guarantor Obligations, nor shall any Loan Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Loan Guarantor in respect of payments made by such Loan Guarantor hereunder, until all amounts owing to of the Trustee, the Collateral Agent Obligations are Paid in Full and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullCommitment is terminated. If any amount shall be paid to any Loan Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull, such amount shall be held by such Loan Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLenders, segregated from other funds of such Loan Guarantor, and shall, forthwith upon receipt by such Loan Guarantor, be turned over to the Trustee Agent in the exact form received by such Loan Guarantor (duly indorsed by such Guarantor to the TrusteeLoan Guarantor, if required), to be applied against the Guaranteed Loan Guarantor Obligations, whether matured or unmatured, in such order as the Agent may determine.
Appears in 1 contract
Samples: Loan and Security Agreement (Mammoth Energy Services, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent Trustee or any Holder against the Issuers Issuer or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent Trustee or any Holder for the payment of the Guaranteed Guarantor Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Issuer or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Guarantor Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Guarantor Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent Trustee and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Guarantor Obligations.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Collateral Agent or any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers Company or any other Guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Secured Obligations are paid Paid in fullFull. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in accordance with the Financing Documents.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunder, no No Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Secured Party against the Issuers Borrower or any other Guarantor or any collateral security Collateral or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Secured Party for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, in each case, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account Discharge of the Guaranteed Obligations are paid in fullObligations. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all prior to the Discharge of the Guaranteed Obligations shall not have been paid in fullObligations, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Secured Parties, shall be segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against in such order as set forth in Section 6.5 hereof irrespective of the Guaranteed Obligationsoccurrence or the continuance of any Event of Default.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by Buyer or any of its Affiliates, no Guarantor Guarantors shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Buyer against the Issuers or any other Guarantor Seller or any collateral security or guarantee Guarantee Obligation or right of offset held by the Trustee, the Collateral Agent or any Holder Buyer for the payment of the Guaranteed Guaranty Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Seller in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Buyer by the Issuers such Seller on account of the Guaranteed Guaranty Obligations are paid and satisfied in fullfull and the Master Repurchase Agreement is terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Guaranty Obligations shall not have been paid and satisfied in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersBuyer, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Buyer in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeBuyer, if required), to be applied against the Guaranteed Guaranty Obligations, whether matured or unmatured, in such order as Buyer may determine.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by Lenders, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent Lenders against AHI or any Holder against the Issuers or any other Guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Agent or any Holder Lenders for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers AHI or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Secured Obligations are paid Paid in fullFull. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Lenders in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeLenders, if requiredrequired by the Required Lenders), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in a manner consistent with the provisions of the Facility Agreement.
Appears in 1 contract
Samples: Guaranty and Security Agreement (Alphatec Holdings, Inc.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by any Secured Party, no Guarantor shall be entitled to exercise its rights to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any indemnity, exoneration, participation, contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account Discharge of the Guaranteed Secured Obligations are paid in fullshall have occurred. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all prior to the Discharge of the Guaranteed Obligations shall not have been paid in fullSecured Obligations, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the Holders, segregated from other funds of such GuarantorSecured Parties, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed ObligationsObligations in accordance with Section 5(c) of the Swap Intercreditor Agreement (or, if the Swap Intercreditor Agreement has terminated in accordance with its terms, Section 10.02(c) of the Credit Agreement).
Appears in 1 contract
Samples: Guaranty and Collateral Agreement (Rex Energy Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Loan Guarantor hereunderhereunder or any set-off or application of funds of any Loan Guarantor by Lender, no Loan Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Lender against the Issuers Borrower or any other Loan Guarantor or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Secured Obligations, nor shall any Loan Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Loan Guarantor in respect of payments made by such Loan Guarantor hereunder, until all amounts owing to of the TrusteeSecured Obligations are Paid in Full, the Collateral Agent no Letters of Credit shall be outstanding, and the Holders by the Issuers on account of the Guaranteed Obligations Commitments are paid in fullterminated. If any amount shall be paid to any Loan Guarantor on account of such subrogation rights at any time when all of the Guaranteed Secured Obligations shall not have been paid Paid in fullFull, such amount shall be held by such Loan Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLender, segregated from other funds of such Loan Guarantor, and shall, forthwith upon receipt by such Loan Guarantor, be turned over to the Trustee Lender in the exact form received by such Loan Guarantor (duly indorsed by such Guarantor to the TrusteeLoan Guarantor, if required), to be applied against the Guaranteed Secured Obligations, whether matured or unmatured, in such order as Lender may determine.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunder, or any setoff or application of funds of any Guarantor by any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or against any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Borrower in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrower on account of the Guaranteed Obligations are paid in full, no Letter of Credit shall be outstanding (unless such Letter of Credit is cash collateralized in accordance with Section 2.05(c) of the Credit Agreement) and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 1 contract
Samples: Credit Agreement (Time Warner Inc)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Administrative Agent or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrower on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 1 contract
Samples: Guaranty (MF Global Holdings Ltd.)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any setoff or application of funds of any Guarantor by the Administrative Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Secured Party against the Issuers Borrower or any other Guarantor or any collateral security Collateral or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Secured Party for the payment of the Guaranteed Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, in each case, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account Discharge of the Guaranteed Obligations are paid in fullObligations. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all prior to the Discharge of the Guaranteed Obligations shall not have been paid in fullObligations, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Secured Parties, shall be segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact 6 US-DOCS\135805308.19 form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against in such order as set forth in Section 6.5 hereof irrespective of the Guaranteed Obligationsoccurrence or the continuance of any Event of Default.
Appears in 1 contract
Samples: Credit Agreement
No Subrogation. Notwithstanding any payment or payments made by each the Guarantors hereunder or any set-off or application of funds of any Guarantor hereunderby any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers any Borrower, any Guarantor or any other Guarantor guarantor of the Obligations or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor guarantor in respect of payments made by such any Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullTermination Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantorthe Guarantors, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Collateral Agent in the exact exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Collateral Agent and the Secured Parties may determine.
Appears in 1 contract
Samples: Guarantee Agreement
No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunderany of the Guarantors hereunder or any set-off or application of funds of any of the Guarantors by any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers HCLP or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers HCLP or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers HCLP on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each the Guarantor hereunderhereunder or any set-off or application of funds of the Guarantor by the Administrative Agent or any Bank, no the Guarantor shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Bank against the Issuers either Borrower or any other Guarantor or against any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Bank for the payment of the Guaranteed Obligations, nor shall any the Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor either Borrower in respect of payments made by such the Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders each Bank by the Issuers Borrowers for or on account of the Guaranteed Obligations obligations are paid in full, no Letters of Credit are outstanding and the Commitments are terminated. If any amount shall be paid to any the Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such the Guarantor in trust for the Trustee, the Collateral Agent and the HoldersBanks, segregated from other funds of such the Guarantor, and shall, forthwith upon receipt by such the Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 1 contract
Samples: Credit Agreement (Mitchell Energy & Development Corp)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Administrative Agent or any Lender, no Guarantor shall be entitled seek to be subrogated to enforce any right of subrogation in respect of any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Loan Parties on account of the Guaranteed Obligations are paid in fullfull and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. For the avoidance of doubt, nothing in the foregoing agreement by the Guarantors shall operate as a waiver of any subrogation rights.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each Guarantor the Guarantors hereunder, no Guarantor or any set-off or application of funds of the Guarantors by the Administrative Agent or any Lender, the Guarantors shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or against any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any Guarantor the Guarantors seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Borrower in respect of payments made by such Guarantor the Guarantors hereunder, until all amounts owing to the Trustee, the Collateral Administrative Agent and the Holders Lenders by the Issuers Borrower on account of the Guaranteed Obligations are paid in fullfull and the Revolving Credit Commitments are terminated. If any amount shall be paid to any a Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall be held by such the Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such the Guarantor, and shall, forthwith upon receipt by such Guarantor, the Guarantor be turned over to the Trustee Administrative Agent in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the Trustee, Administrative Agent if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent and the Lenders may determine.
Appears in 1 contract
Samples: Guarantee (Ifco Systems Nv)
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantor by the Administrative Agent or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Borrower Obligations or the Borrower Guarantor Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account occurrence of the Guaranteed Obligations are paid in fullBorrower Termination Event. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all before the occurrence of the Guaranteed Obligations shall not have been paid in fullBorrower Termination Event, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Borrower Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
Appears in 1 contract
No Subrogation. Notwithstanding any payment or payments made by each any Guarantor hereunderhereunder or any set-off or application of funds of any Guarantors by the Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Lender against the Issuers Borrower or any other Guarantor guarantor or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder such Lender for the payment of the Guaranteed ObligationsObligations or the obligations of any Guarantor, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Lender by the Issuers Borrower on account of the Guaranteed Obligations are indefeasibly paid and satisfied in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid and satisfied in full, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersLender, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee Lender in the exact form received by such Guarantor (duly indorsed by such Guarantor to the TrusteeLender, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Lender may determine.
Appears in 1 contract
Samples: Guaranty and Security Agreement (General Motors Corp)
No Subrogation. Notwithstanding any payment or payments made by each the Guarantor hereunderhereunder or any set-off or application of funds of the Guarantor by the Administrative Agent or any other Guaranteed Creditor, no the Guarantor shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder other Guaranteed Creditor against the Issuers MLP, the Borrower or any other Guarantor Loan Party or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder other Guaranteed Creditor for the payment of the Guaranteed Obligations, nor shall any the Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers MLP, the Borrower or any other Guarantor Loan Party in respect of payments made by such the Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullRelease Date. If any amount shall be paid to any the Guarantor on account of such subrogation rights at any time when all of prior to the Guaranteed Obligations shall not have been paid in fullRelease Date, such amount shall be held by such the Guarantor in trust for the Trustee, the Collateral Administrative Agent and the Holdersother Guaranteed Creditors, segregated from other funds of such the Guarantor, and shall, forthwith upon receipt by such the Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, as directed by the Administrative Agent in its sole discretion.
Appears in 1 contract
Samples: Guarantee Agreement (Sunoco LP)
No Subrogation. Notwithstanding any payment or payments made by each a Guarantor hereunderhereunder or any setoff or application of funds of a Guarantor by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee, the Collateral Agent or any Holder Secured Party against the Issuers or any other Guarantor Credit Party or any collateral security or guarantee or right of offset held by the Trustee, the Collateral Agent or any Holder Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Credit Party in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders Secured Parties by the Issuers any Credit Party on account of the Guaranteed Obligations are paid in full, no Letters of Credit are outstanding and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full, Letters of Credit are outstanding and the Commitments shall not have been terminated, such amount shall be held by such Guarantor in trust for the Trustee, the Collateral Agent and the HoldersSecured Parties, segregated from other funds of such Guarantor, and shall, shall forthwith upon receipt by such Guarantor, Guarantor be turned over to the Trustee Collateral Agent in the exact form received by such Guarantor (duly indorsed endorsed by such Guarantor to the TrusteeCollateral Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, at such time and in such order as the Collateral Agent may determine.
Appears in 1 contract
Samples: Parent Guarantee Agreement (Ucar International Inc)
No Subrogation. Notwithstanding any payment or payments made by each the Guarantor hereunderhereunder or any set-off or application of funds of the Guarantor by the Administrative Agent or any Lender, no the Guarantor shall not be entitled to be subrogated to any of the rights of the Trustee, the Collateral Administrative Agent or any Holder Lender against the Issuers or any other Guarantor Borrower or any collateral security or guarantee guaranty or right of offset held by the Trustee, the Collateral Administrative Agent or any Holder Lender for the payment of the Guaranteed Obligations, nor shall any the Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuers or any other Guarantor Borrower in respect of payments made by such the Guarantor hereunder, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers on account of the Guaranteed Obligations are paid in fullSatisfaction Time. If any amount shall be paid to any the Guarantor on account of such subrogation rights at any time when all of before the Guaranteed Obligations shall not have been paid in fullSatisfaction Time, such amount shall be held by such the Guarantor in trust for the Trustee, the Collateral Administrative Agent and the HoldersLenders, segregated from other funds of such the Guarantor, and shall, forthwith upon receipt by such the Guarantor, be turned over to the Trustee Administrative Agent in the exact form received by such the Guarantor (duly indorsed by such the Guarantor to the TrusteeAdministrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine.
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No Subrogation. Notwithstanding Each Guarantor hereby unconditionally and irrevocably agrees not to exercise any payment rights that he or payments made by each Guarantor hereunder, no Guarantor shall be entitled to be subrogated she may now have or hereafter acquire against Parent or Merger Sub with respect to any of the rights Obligations that arise from the existence, payment, performance or enforcement of the Trusteesuch Guarantor’s obligations under or in respect of this Limited Guarantee, the Collateral Agent or including, without limitation, any Holder against the Issuers or any other Guarantor or any collateral security or guarantee or right of offset held by the Trusteesubrogation, the Collateral Agent reimbursement, exoneration, contribution or indemnification and any Holder for the payment right to participate in any claim or remedy of the Guaranteed ObligationsParty against Parent or Merger Sub, nor shall any Guarantor seek whether or be entitled not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to seek any contribution take or reimbursement receive from the Issuers Parent or Merger Sub, directly or indirectly, in cash or other property or by set-off or in any other Guarantor in respect of payments made by such Guarantor hereundermanner, until all amounts owing to the Trustee, the Collateral Agent and the Holders by the Issuers payment or security on account of such claim, remedy or right, unless and until the Guaranteed Obligations are shall have been paid in full. If any amount shall be paid to any Guarantor on account in violation of such subrogation rights the immediately preceding sentence at any time when all prior to the satisfaction in full of the Guaranteed Obligations shall not have been paid in fullObligations, such amount shall be received and held by such Guarantor in trust for the Trusteebenefit of the Guaranteed Party, the Collateral Agent and the Holders, shall be segregated from other property and funds of such Guarantor, Guarantor and shall, shall forthwith upon receipt by such Guarantor, be turned over paid or delivered to the Trustee Guaranteed Party in the exact same form as so received (with any necessary endorsement or assignment) to be credited and applied against all amounts payable by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligationsunder this Limited Guarantee.
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