Common use of Subordination, Subrogation, Etc Clause in Contracts

Subordination, Subrogation, Etc. Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of any Borrower to such Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the Borrower to the Banks and the Agent. Each Guarantor waives any right of subrogation to the rights of any Bank or the Agent against any Borrower or any other person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the Guarantor may make pursuant to this Agreement and the Notes, and any right of recourse to security for the debts and obligations of any Borrower, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of the Company or any Borrower Account Party to such any Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the Borrower Company and the Account Parties to the Banks and the AgentLender. Each Guarantor waives any right of subrogation to the rights of any Bank or the Agent Lender against any Borrower the Company, the Account Parties or any other person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the any Guarantor may make pursuant to this Agreement and the NotesLoan Documents, and any right of recourse to security for the debts and obligations of any Borrowerthe Company and the Account Parties, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of the Company to any Borrower to such Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the Borrower Company to the Banks and the Agent. Each Guarantor waives any right of subrogation to the rights of any Bank or the Agent against any Borrower the Company or any other person Person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the any Guarantor may make pursuant to this Agreement and the Notes, and any right of recourse to security for the debts and obligations of any Borrowerthe Company, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. Each The Guarantor agrees that any present or future indebtedness, obligations or liabilities of any Borrower either of the Borrowers to such the Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the either Borrower to the Banks and the AgentBank. Each The Guarantor waives any right of subrogation to the rights of any the Bank or the Agent against any either Borrower or any other person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the Guarantor may make pursuant to this Agreement and the Notes, and any right of recourse to security for the debts and obligations of any Borrowerthe Borrowers, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of the Company to any Borrower to such Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the Borrower Company to the Banks and the AgentAgents. Each Guarantor waives any right of subrogation to the rights of any Bank or the any Agent against any Borrower the Company or any other person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the any Guarantor may make pursuant to this Agreement and the Notes, and any right of recourse to security for the debts and obligations of any Borrowerthe Company, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of any Borrower to such Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the Borrower Borrowers to the Banks and the Agent. Each Guarantor waives any right of subrogation to the rights of any Bank or the Agent against any Borrower or any other person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the such Guarantor may make pursuant to this Agreement and the Notes, and any right of recourse to security for the debts and obligations of any each Borrower, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of the Company to any Borrower to such Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the Borrower Company to the Banks Agent, the LC Issuer and the AgentLenders. Each Guarantor waives any right of subrogation to the rights of the Agent, the LC Issuer or any Bank or Lender against the Agent against any Borrower Company or any other person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the any Guarantor may make pursuant to this Agreement and the Notes, and any right of recourse to security for the debts and obligations of any Borrowerthe Company, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of any (i) Borrower to such any Guarantor, or (ii) any Guarantor to any other Guarantor, shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the Borrower to the Banks and the AgentLender. Each Guarantor waives any right of subrogation to the rights of any Bank or the Agent Lender against any Borrower or any other person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the any Guarantor may make pursuant to this Agreement and the Notes, and any right of recourse to security for the debts and obligations of any Borrower, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of any Borrower to such any Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the Borrower to the Banks and the AgentLender. Each Guarantor waives any right of subrogation to the rights of any Bank or the Agent Lender against any Borrower or any other person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the any Guarantor may make pursuant to this Agreement and the Notes, and any right of recourse to security for the debts and obligations of any Borrower, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of the Company or any Borrower Account Party to such any Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the Borrower Company and the Account Parties to the Banks and the AgentLender. Each Guarantor waives any right of subrogation to the rights of any Bank or the Agent Lender against any Borrower the Company, the Account Parties or any other person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the any Guarantor may make pursuant to this Agreement and the NotesLoan Documents, and any right of recourse to security for the debts and obligations of any Borrowerthe Company FIRST MERCURY FINANCIAL CORPORATION CREDIT AGREEMENT 37 and the Account Parties, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of the Company or any Borrower Account Party to such any Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of the Borrower Company and the Account Parties to the Banks and the AgentLender. Each Guarantor waives any right of subrogation to the rights of any Bank or the Agent Lender against any Borrower the Company, the Account Parties or any other person obligated for payment of the Guaranteed Obligations and any right of reimbursement or indemnity whatsoever arising or accruing out of any payment which the any Guarantor may make pursuant to this Agreement and the NotesLoan Documents, and any right of recourse to security for the debts and obligations of any Borrowerthe Company and the FIRST MERCURY FINANCIAL CORPORATION CREDIT AGREEMENT Account Parties, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.