Common use of Subordination of Subrogation, Etc Clause in Contracts

Subordination of Subrogation, Etc. Notwithstanding anything to --------------------------------- the contrary in this Agreement or in any other Loan Document, and except as set forth in Section 12.7, each Borrower hereby expressly and irrevocably subordinates to payment of the Obligations any and all rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off and any and all defenses available to a surety, guarantor or accommodation co-obligor until the non-contingent Obligations are indefeasibly paid in full in cash. Each Borrower acknowledges and agrees that this subordination is intended to benefit Agent and Lenders and shall not limit or otherwise affect such Borrower's liability hereunder or the enforceability of this Section 12, and that Agent, Lenders and their respective successors and ---------- assigns are intended third party beneficiaries of the waivers and agreements set forth in this Section 12.4. -------------

Subordination of Subrogation, Etc. Notwithstanding anything to the --------------------------------- the contrary in this Agreement or in any other Loan Document, and except as set forth in Section 12.7, each Borrower hereby expressly and irrevocably ------------ subordinates to payment of the Obligations any and all rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off and any and all defenses available to a surety, guarantor or accommodation co-obligor until the non-contingent Obligations are indefeasibly paid in full in cash. Each Borrower acknowledges and agrees that this subordination is intended to benefit Agent and Lenders Lender and shall not limit or otherwise affect such Borrower's liability hereunder or the enforceability of this Section 12, and that Agent, Lenders Lender and their respective its successors and ---------- assigns are intended third ---------- party beneficiaries of the waivers and agreements set forth in this Section ------- 12.4. ------------------

Subordination of Subrogation, Etc. Notwithstanding anything to --------------------------------- ---------------------------------- the contrary in this Agreement or in any other Loan Document, and except as set forth in Section 12.7, each Borrower hereby expressly and irrevocably ------------ subordinates to payment of the Obligations any and all rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off and any and all defenses available to a surety, guarantor or accommodation co-obligor until the non-contingent Obligations are indefeasibly paid in full in cash. Each Borrower acknowledges and agrees that this subordination is intended to benefit Agent Agents and Lenders and shall not limit or otherwise affect such Borrower's liability hereunder or the enforceability of this Section 12, and ---------- that AgentAgents, Lenders and their respective successors and ---------- assigns are intended third party beneficiaries of the waivers and agreements set forth in this Section 12.4. -------------------------

Subordination of Subrogation, Etc. Notwithstanding anything to --------------------------------- the contrary in this Agreement or in any other Loan Document, and except as set forth in Section 12.7, each Borrower hereby expressly and irrevocably subordinates to payment of the Obligations any and all rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off and any and all defenses available to a surety, guarantor or accommodation co-obligor until the non-contingent Obligations are indefeasibly paid in full in cashcash and the applicable preference period has passed. Each Borrower acknowledges and agrees that this subordination is intended to benefit the Agent, Collateral Agent and the Lenders and shall not limit or otherwise affect such Borrower's ’s liability hereunder or the enforceability of this Section Article 12, and that the Agent, Collateral Agent, the Lenders and their respective successors and ---------- assigns are intended third party beneficiaries of the waivers and agreements set forth in this Section 12.4. -------------.

Subordination of Subrogation, Etc. (a) Notwithstanding anything to --------------------------------- the contrary in this Agreement or in any other Loan Document, and except as set forth in Section SECTION 12.7, each Borrower hereby expressly and irrevocably subordinates to payment of the Obligations any and all rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off and any and all defenses available to a surety, guarantor or accommodation co-obligor until the non-contingent Obligations are indefeasibly paid in full in cash. Each Borrower acknowledges and agrees that this subordination is intended to benefit Agent Agents and Lenders and shall not limit or otherwise affect such Borrower's liability hereunder or the enforceability of this Section SECTION 12, and that AgentAgents, Lenders and their respective successors and ---------- assigns are intended third party beneficiaries of the waivers and agreements set forth in this Section SECTION 12.4. -------------.