Common use of Subrogation and Contribution Clause in Contracts

Subrogation and Contribution. (a) The Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor with respect to such payment.

Appears in 18 contracts

Samples: Credit Agreement (TYCO INTERNATIONAL PLC), Assignment and Assumption, Assignment and Assumption (TE Connectivity Ltd.)

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Subrogation and Contribution. (a) The Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor with respect to such payment.

Appears in 5 contracts

Samples: Credit Agreement (Tyco International LTD), Credit Agreement (Tyco International LTD /Ber/), Bridge Credit Agreement (Tyco International LTD)

Subrogation and Contribution. (a) The Subsidiary Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor with respect to such payment.

Appears in 3 contracts

Samples: Assignment and Assumption (TE Connectivity Ltd.), Credit Agreement, Credit Agreement (TE Connectivity Ltd.)

Subrogation and Contribution. (a) The Parent Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the a Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor a Borrower in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor with respect to such payment.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Aramark Corp), Credit and Guaranty Agreement (Aramark Corp)

Subrogation and Contribution. (a) The Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor the Borrower in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor the Borrower with respect to such payment.

Appears in 2 contracts

Samples: Credit Agreement (TYCO INTERNATIONAL PLC), Term Loan Credit Agreement (TYCO INTERNATIONAL PLC)

Subrogation and Contribution. (a) The Guarantor irrevocably and unconditionally waives any and all rights to which it the Guarantor may be entitled, by operation of law or otherwise, upon making to be subrogated, with respect to any payment hereunder (i) to be subrogated made by the Guarantor hereunder, to the rights of the payee Lender against the Borrower with respect to such payment Borrower, or otherwise to be reimbursed, indemnified or exonerated by any other Obligor the Borrower in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor guarantor of the Obligations with respect to such paymentany payment made by the Guarantor hereunder.

Appears in 2 contracts

Samples: Guarantee (Lojack Corp), Guarantee (Lojack Corp)

Subrogation and Contribution. (a) The Parent Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor the Borrower in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor with respect to such payment.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Aramark Corp), Bridge Loan Agreement (Aramark Worldwide Corp)

Subrogation and Contribution. (a) The Parent Guarantor and each U.S. Borrower irrevocably waives waive any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the a Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor a Borrower in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor with respect to such payment.

Appears in 1 contract

Samples: Credit Agreement (Aramark Corp/De)

Subrogation and Contribution. (a) The Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor with respect to such payment.payment Exh. A-3 41

Appears in 1 contract

Samples: Parent Guarantee Agreement (Tyco International LTD /Ber/)

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Subrogation and Contribution. (a) The Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the a Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor a Borrower in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor with respect to such payment.

Appears in 1 contract

Samples: Loan, Security, and Guaranty Agreement (Precision Partners Inc)

Subrogation and Contribution. (a) The Each Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the Borrower with respect to such payment or against any direct or indirect security therefor, or otherwise to be reimbursed, indemnified or exonerated by any other Obligor or for the account of the Borrower in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor Guarantor with respect to such payment.

Appears in 1 contract

Samples: Credit Agreement (Exide Electronics Group Inc)

Subrogation and Contribution. (a) The Guarantor irrevocably and ---------------------------- unconditionally waives any and all rights to which it the Guarantor may be entitled, by operation of law or otherwise, upon making to be subrogated, with respect to any payment hereunder (i) to be subrogated made by the Guarantor hereunder, to the rights of the payee Lender against the Borrower with respect to such payment Borrower, or otherwise to be reimbursed, indemnified or exonerated by any other Obligor the Borrower in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor guarantor of the Obligations with respect to such paymentany payment made by the Guarantor hereunder.

Appears in 1 contract

Samples: Lojack Corp

Subrogation and Contribution. (a) The Each Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor the Borrower in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor Guarantor with respect to such payment.

Appears in 1 contract

Samples: Subordinated Loan and Security Agreement (Rouge Industries Inc)

Subrogation and Contribution. (a) The Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any payment hereunder (i) to be subrogated to the rights of the payee against the a Borrower with respect to such payment or otherwise to be reimbursed, indemnified or exonerated by any other Obligor a Borrower in respect thereof or (ii) to receive any payment, in the nature of contribution or for any other reason, from any other Obligor with respect to such payment. 8.5.

Appears in 1 contract

Samples: , and Guaranty Agreement

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