Common use of Subordination of Subrogation Rights Clause in Contracts

Subordination of Subrogation Rights. The Guarantors subordinate any and all claims which the Guarantors have or may have against the Sublessee by reason of subrogation for payments or performances under this Guaranty or claims for any other reason or cause. The Guarantors agree not to assert any such subrogation claim which it has or may have against the Sublessee, including claims by reason or subordination under this Guaranty, until such time as the payment and other obligations of the Sublessee to PDA are fully satisfied and discharged.

Subordination of Subrogation Rights. The Guarantors subordinate any and ----------------------------------- all claims which the Guarantors have or may have against the Sublessee by reason of subrogation for payments or performances under this Guaranty or claims for any other reason or cause. The Guarantors agree not to assert any such subrogation claim which it has or may have against the Sublessee, including claims by reason or subordination under this Guaranty, until such time as the payment and other obligations of the Sublessee to PDA are fully satisfied and discharged.