Common use of Subordination and Subrogation Clause in Contracts

Subordination and Subrogation. If and to the extent that Guarantor makes any payment to Seller pursuant to this Guaranty, any claim which Guarantor may have against Seller by reason thereof shall be subject and subordinate to the prior payment in full of all of the Obligations. Guarantor agrees that it will not exercise any rights that it may now or hereafter acquire against Seller that arise from the existence, payment, performance or enforcement of the Obligations under this Guaranty, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or proceeding, or remedy of any other party against Seller, unless and until all of the Obligations and all other amounts payable under this Guaranty shall have been irrevocably paid, satisfied or discharged in full.

Subordination and Subrogation. If and to the extent that Guarantor makes any payment to Seller Creditor pursuant to this Guaranty, any claim which Guarantor may have against Seller Debtor by reason thereof shall be subject and subordinate to the prior payment in full of all of the Guaranteed Obligations. Guarantor agrees that it will not exercise any rights that it may now have or hereafter acquire against Seller Debtor that arise from the existence, payment, performance or enforcement of the Guaranteed Obligations under this Guaranty, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or proceeding, or remedy of any other party against SellerDebtor, unless and until all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been irrevocably paid, satisfied or discharged in full.