Common use of Subrogation Defenses Clause in Contracts

Subrogation Defenses. Until the Obligations have been repaid in full and this Agreement has been terminated, 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 applicable law, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect.

Appears in 6 contracts

Samples: Loan and Security Agreement, Credit Agreement (Trupanion Inc.), Credit Agreement (Trupanion Inc.)

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