Common use of Reimbursement, Subrogation, Etc Clause in Contracts

Reimbursement, Subrogation, Etc. Guarantor hereby covenants and agrees that it shall not enforce or otherwise exercise any rights of reimbursement, subrogation, contribution or other similar rights against Tenant or any other person with respect to the Guaranteed Rent prior to the payment in full of the obligations of Tenant under the Leases. Until all obligations of Tenant under the Leases shall have been paid and performed in full, Guarantor shall have no right of subrogation, and Guarantor waives any defense it may have based upon any election of remedies by Landlord which destroys Guarantor's subrogation rights or Guarantor's rights to proceed against Tenant for reimbursement, (including, without limitation, any loss of rights Guarantor may suffer by reason of any rights, powers or remedies of Tenant in connection with any anti-deficiency laws or any other laws limiting, qualifying or discharging the indebtedness to Landlord).

Reimbursement, Subrogation, Etc. Guarantor hereby covenants and agrees that it shall not enforce or otherwise exercise any rights of reimbursement, subrogation, contribution or other similar rights against Tenant the Tenants or any other person with respect to the Guaranteed Rent prior to the payment in full of the obligations of Tenant the Tenants under the Existing Leases. Until all obligations of Tenant the Tenants under the Existing Leases shall have been paid and performed in full, Guarantor shall have no right of subrogation, and Guarantor waives any defense it may have based upon any election of remedies by Landlord which destroys Guarantor's subrogation rights or Guarantor's rights to proceed against Tenant the Tenants for reimbursement, (including, without limitation, any loss of rights Guarantor may suffer by reason of any rights, powers or remedies of Tenant the Tenants in connection with any anti-deficiency laws or any other laws limiting, qualifying or discharging the indebtedness to Landlord).

Reimbursement, Subrogation, Etc. Guarantor hereby covenants and agrees that it shall not enforce or otherwise exercise any rights of reimbursement, subrogation, contribution or other similar rights against Tenant or any other person with respect to the Guaranteed Rent prior to the payment in full of the obligations of Tenant under the Leases. Until all obligations of Tenant under the Leases shall have been paid and performed in full, Guarantor shall have no right of subrogation, and Guarantor waives any defense it may have based upon any election of remedies by Landlord which destroys Guarantor's subrogation rights or Guarantor's rights to proceed against Tenant for reimbursement, (including, without limitation, any loss of rights Guarantor may suffer by reason of any rights, powers or remedies of Tenant in connection with any anti-deficiency laws or any other laws limiting, qualifying or discharging the indebtedness to Landlord).

Reimbursement, Subrogation, Etc. Guarantor hereby covenants and agrees that it shall not enforce or otherwise exercise any rights of reimbursement, subrogation, contribution or other similar rights against Tenant the Managers or any other person with respect to the Guaranteed Rent Amounts prior to the payment in full of the obligations of Tenant the Managers under the LeasesManagement Agreements. Until all obligations of Tenant the Managers under the Leases Management Agreements shall have been paid and performed in full, Guarantor shall have no right of subrogation, and Guarantor waives any defense it may have based upon any election of remedies by Landlord Tenant which destroys Guarantor's subrogation rights or Guarantor's rights to proceed against Tenant the Managers for reimbursement, (including, without limitation, any loss of rights Guarantor may suffer by reason of any rights, powers or remedies of Tenant the Managers in connection with any anti-deficiency laws or any other laws limiting, qualifying or discharging the indebtedness to LandlordTenant).