Common use of Subrogation Defenses Clause in Contracts

Subrogation Defenses. Until all Obligations are paid in full and Bank has no further obligation to make Credit Extensions to Borrowers, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 16 contracts

Samples: Loan and Security Agreement (Identiv, Inc.), Loan and Security Agreement (IBEX LTD), Loan and Security Agreement

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Subrogation Defenses. Until all Obligations are paid in full and Bank has no further obligation to make Credit Extensions to BorrowersBorrower, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 13 contracts

Samples: Loan and Security Agreement (Silvaco Group, Inc.), Loan and Security Agreement (LDR Holding Corp), Loan and Security Agreement (Vitalstream Holdings Inc)

Subrogation Defenses. Until all Obligations are paid in full and Bank Agent has no further obligation to make Credit Extensions to BorrowersBorrower, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aviza Technology, Inc.), Loan and Security Agreement (Nextg Networks Inc)

Subrogation Defenses. Until all Obligations are paid in full and Bank Agility has no further obligation to make Credit Extensions to Borrowers, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 2 contracts

Samples: Loan Agreement (North American Scientific Inc), Loan Agreement (Alpha Innotech Corp)

Subrogation Defenses. Until all Obligations are paid in full and Bank Lender has no further obligation to make Credit Extensions to Borrowers, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 2 contracts

Samples: Business Financing Modification Agreement, Business Financing Modification Agreement (IZEA, Inc.)

Subrogation Defenses. Until all Obligations are paid in full and Bank has the Lenders have no further obligation to make Credit Extensions to Borrowers, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tabula Rasa HealthCare, Inc.), Loan and Security Agreement (Tabula Rasa HealthCare, Inc.)

Subrogation Defenses. Until all Obligations are paid in full and Bank Lender has no further obligation to make Credit Extensions to BorrowersBorrower, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Epicept Corp), Loan and Security Agreement (Pac-West Telecomm Inc)

Subrogation Defenses. Until all Obligations are paid in full and Bank has Lenders have no further obligation to make Credit Extensions to Borrowers, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (ConversionPoint Holdings, Inc.), Loan and Security Agreement (ConversionPoint Holdings, Inc.)

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Subrogation Defenses. Until all Obligations are paid in full and Bank has no further obligation to make Credit Extensions to BorrowersBorrower, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 28392819,2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Innuity, Inc. /Ut/)

Subrogation Defenses. Until all Obligations are paid in full and Bank has no further obligation to make Credit Extensions to BorrowersBorrower, each Borrower hereby waives covenants not to assert any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all covenants not to assert any benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d 5800 and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Concur Technologies Inc)

Subrogation Defenses. Until all Obligations are amounts that Borrowers owe to Banks have been paid in full and Bank has no further obligation to make Credit Extensions to Borrowersfull, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Energy Industries Inc)

Subrogation Defenses. Until all Obligations are paid in full and Bank Lender has no further obligation to make Credit Extensions Advances to Borrowers, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Recruiter.com Group, Inc.)

Subrogation Defenses. Until all Secured Obligations are have been paid in full and Bank Lender has no further obligation to make Credit Extensions Term Loan Advances to Borrowers, each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Cempra Holdings, LLC)

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