Common use of Subordination; Subrogation Clause in Contracts

Subordination; Subrogation. Each of the Subsidiary Guarantors hereby subordinates to the Guaranteed Obligations all Indebtedness or other liabilities of the Company or of any other Subsidiary Guarantor to such Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby further agrees not to assert any right, claim or cause of action, including, without limitation, a claim for subrogation, reimbursement, indemnification or otherwise, against the Company arising out of or by reason of this Article Six or the obligations hereunder, including, without limitation, the payment or securing or purchasing of any of the Guaranteed Obligations by any of the Subsidiary Guarantors unless and until the Guaranteed Obligations are indefeasibly paid in full.

Appears in 4 contracts

Samples: Indenture (Ryland Group Inc), Eighth Supplemental Indenture (Ryland Group Inc), Indenture (Ryland Group Inc)

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Subordination; Subrogation. Each of the Subsidiary Guarantors hereby subordinates to the Guaranteed Obligations all Indebtedness or other liabilities of the Company or of any other Subsidiary Guarantor to such Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby further agrees not to assert any right, claim or cause of action, including, without limitation, a claim for subrogation, reimbursement, indemnification or otherwise, against the Company arising out of or by reason of this Article Six or the obligations hereunder, including, without limitation, the payment or securing or purchasing of any of the Guaranteed Obligations by any of the Subsidiary Guarantors unless and until the Guaranteed Obligations are indefeasibly paid in full.

Appears in 4 contracts

Samples: Indenture (Ryland Group Inc), Fourth Supplemental Indenture (Ryland Group Inc), Third Supplemental Indenture (Ryland Group Inc)

Subordination; Subrogation. Each of the Subsidiary Guarantors hereby subordinates to the Guaranteed Obligations all Indebtedness indebtedness or other liabilities of the Company Borrower or of to any other Subsidiary Guarantor to such Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby further agrees not to assert any right, claim or cause of action, including, without limitation, a claim for subrogation, reimbursement, indemnification or otherwise, against the Company Borrower arising out of or by reason of this Article Six Guaranty or the obligations hereunder, including, without limitation, the payment or securing or purchasing of any of the Guaranteed Obligations by any of the Subsidiary Guarantors unless and until the Guaranteed Obligations are indefeasibly paid in fullfull and all Commitments have terminated or expired.

Appears in 4 contracts

Samples: Credit Agreement (Beazer Homes Usa Inc), Collateral Agreement (Clarksburg Skylark, LLC), Assignment Agreement (Beazer Homes Usa Inc)

Subordination; Subrogation. Each of the Subsidiary Guarantors hereby subordinates to the Guaranteed Obligations all Indebtedness indebtedness or other liabilities of the Company or of any other Subsidiary Guarantor to such Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby further agrees not to assert any right, claim or cause of action, including, without limitation, a claim for subrogation, reimbursement, indemnification or otherwise, against the Company arising out of or by reason of this Article Six Three or the obligations hereunder, including, without limitation, the payment or securing or purchasing of any of the Guaranteed Obligations by any of the Subsidiary Guarantors unless and until the Guaranteed Obligations are indefeasibly paid in full.

Appears in 2 contracts

Samples: First Supplemental Indenture (Ryland Group Inc), Indenture (RH of Indiana LP)

Subordination; Subrogation. Each of the Subsidiary Guarantors hereby subordinates to the Guaranteed Obligations all Indebtedness indebtedness or other liabilities of now or hereafter payable to such Guarantor by the Company Borrower or of by any other Subsidiary Guarantor to such Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby further agrees not to assert any right, claim or cause of action, including, without limitation, a claim for subrogation, reimbursement, indemnification or otherwise, against the Company Borrower arising out of or by reason of this Article Six Guaranty or the obligations hereunder, including, without limitation, the payment or securing or purchasing of any of the Guaranteed Obligations by any of the Subsidiary Guarantors unless and until the Guaranteed Obligations are indefeasibly paid in fullfull and all Commitments have terminated or expired.

Appears in 2 contracts

Samples: Credit Agreement (Ryland Group Inc), Credit Agreement (Ryland Group Inc)

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Subordination; Subrogation. Each of the Subsidiary Guarantors hereby subordinates to the Guaranteed Obligations all Indebtedness indebtedness or other liabilities of the Company Principal or of any other Subsidiary Guarantor to such Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby further agrees not to assert any right, claim or cause of action, including, without limitation, a claim for subrogation, reimbursement, indemnification or otherwise, against the Company Principal arising out of or by reason of this Article Six Guaranty or the obligations hereunder, including, without limitation, the payment or securing or purchasing of any of the Guaranteed Obligations by any of the Subsidiary Guarantors unless and until the Guaranteed Obligations are indefeasibly paid in fullfull and any commitment to lend under the Credit Agreement and any other Loan Documents is terminated.

Appears in 1 contract

Samples: Credit Agreement (Lennar Corp /New/)

Subordination; Subrogation. Each of the Subsidiary Guarantors hereby subordinates to the Guaranteed Obligations all Indebtedness indebtedness or other liabilities of the Company Principal or of to any other Subsidiary Guarantor to such Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby further agrees not to assert any right, claim or cause of action, including, without limitation, a claim for subrogation, reimbursement, indemnification or otherwise, against the Company Principal arising out of or by reason of this Article Six Guaranty or the obligations hereunder, including, without limitation, the payment or securing or purchasing of any of the Guaranteed Obligations by any of the Subsidiary Guarantors unless and until the Guaranteed Obligations are indefeasibly paid in fullfull and any commitment to lend under the Credit Agreement and any other Loan Documents is terminated.

Appears in 1 contract

Samples: Credit Agreement (Lennar Corp /New/)

Subordination; Subrogation. Each of the Subsidiary Guarantors hereby subordinates to the Guaranteed Obligations all Indebtedness indebtedness or other liabilities of the Company Borrower or of any other Subsidiary Guarantor to such Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby further agrees not to assert any right, claim or cause of action, including, without limitation, a claim for subrogation, reimbursement, indemnification or otherwise, against the Company Borrower arising out of or by reason of this Article Six VIII or the obligations hereunderunder this Article VIII, including, without limitation, the payment or securing or purchasing of any of the Guaranteed Obligations by any of the Subsidiary Guarantors unless and until the Guaranteed Obligations are indefeasibly paid in fullfull and any Term Loan Commitment has terminated or expired.

Appears in 1 contract

Samples: Term Loan Agreement (Beazer Homes Usa Inc)

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