Common use of Subordination, Subrogation, Etc Clause in Contracts

Subordination, Subrogation, Etc. The Guarantor agrees that any present or future indebtedness, obligations or liabilities of either of the Borrowers to the Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of either Borrower to the Bank. The Guarantor waives any right of subrogation to the rights of the Bank against 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 the Borrowers, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. The Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of either of the Borrowers (i) Borrower to the 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 either Borrower to the BankLender. The Each Guarantor waives any right of subrogation to the rights of the Bank Lender against 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 any Guarantor may make pursuant to this Agreement and the Notes, and any right of recourse to security for the debts and obligations of the BorrowersBorrower, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. The Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of either of the Borrowers Company to the any Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of either Borrower the Company to the BankAgent, the LC Issuer and the Lenders. The Each Guarantor waives any right of subrogation to the rights of the Bank Agent, the LC Issuer or any Lender against either 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 the BorrowersCompany, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. The Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of either of the Borrowers Borrower to the any Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of either Borrower to the BankLender. The Each Guarantor waives any right of subrogation to the rights of the Bank Lender against 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 any Guarantor may make pursuant to this Agreement and the Notes, and any right of recourse to security for the debts and obligations of the BorrowersBorrower, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.

Subordination, Subrogation, Etc. The Each Guarantor agrees that any present or future indebtedness, obligations or liabilities of either of the Borrowers any Borrower to the such Guarantor shall be fully subordinate and junior in right and priority of payment to any present or future indebtedness, obligations or liabilities of either Borrower the Borrowers to the BankBanks and the Agent. The Each Guarantor waives any right of subrogation to the rights of any Bank or the Bank Agent against either 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 the Borrowerseach Borrower, unless and until the entire principal balance of and interest on the Guaranteed Obligations shall have been paid in full.