Common use of Subrogation Waiver Clause in Contracts

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Borrower’s Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s 's successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the BorrowerXxxxxxxx, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Guaranteed Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower Borrowers as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the any Borrower and the successors and assigns of the any Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the any Borrower, the any Borrower’s successors, a creditor of the any Borrower, or a trustee in bankruptcy of the any Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the any Borrower or the any Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the any Borrower, a creditor or trustee in bankruptcy of the any Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor Guarantors or the Borrower as a preferential or fraudulent payment have expired, the each Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor Guarantors may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor Guarantors to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor Guarantors and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Guaranteed Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor Guarantors or the Borrower Borrowers as a preferential or fraudulent payment have expired, the each Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the such Guarantor may now or hereafter have by and from the any Borrower and the successors and assigns of the any Borrower, for any payments made by the such Guarantor to the Lender, including, without limitation, any rights which might allow the any Borrower, the any Borrower’s successors, a creditor of the any Borrower, or a trustee in bankruptcy of the any Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the any Borrower or the any Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the such Guarantor and that such payment is recoverable by the such Borrower, a creditor or trustee in bankruptcy of the such Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Guaranteed Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor Guarantors or the Borrower as a preferential or fraudulent payment have expired, the each Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the such Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the such Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the such Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Guaranteed Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower Borrowers as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the such Guarantor may now or hereafter have by and from the any Borrower and the successors and assigns of the any Borrower, for any payments made by the such Guarantor to the Lender, including, without limitation, any rights which might allow the any Borrower, the any Borrower’s successors, a creditor of the any Borrower, or a trustee in bankruptcy of the any Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the any Borrower or the any Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the such Guarantor and that such payment is recoverable by the such Borrower, a creditor or trustee in bankruptcy of the such Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower Tenant as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower Tenant and the successors and assigns of the BorrowerTenant, for any payments made by the Guarantor to the LenderLandlord, including, without limitation, any rights which might allow the BorrowerTenant, the Borrower’s Tenant's successors, a creditor of the BorrowerTenant, or a trustee in bankruptcy of the Borrower Tenant to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower Tenant or the Borrower’s Tenant's successors and assigns to the Lender Landlord was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the BorrowerTenant, a creditor or trustee in bankruptcy of the Borrower Tenant as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the LenderLandlord.

Subrogation Waiver. Until the Borrower's Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice consultation of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of Borrower, as the Borrowercase may be, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower or Borrower, the Borrower’s 's successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s 's successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Borrower’s Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the any Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the a Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Sellers’ Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower Sellers as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower Sellers and the successors and assigns of the BorrowerSellers, for any payments made by the Guarantor to the LenderBuyer, including, without limitation, any rights which might allow the BorrowerSellers, the Borrower’s Sellers’ successors, a creditor of the BorrowerSellers, or a trustee in bankruptcy of the Borrower Sellers to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower Sellers or the Borrower’s Sellers’ successors and assigns to the Lender Buyer was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the BorrowerSellers, a creditor or trustee in bankruptcy of the Borrower Sellers as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the LenderBuyer.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the BorrowerBxxxxxxx, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the BorrowerBxxxxxxx, the BorrowerBxxxxxxx’s successors, a creditor of the BorrowerBxxxxxxx, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the BorrowerBxxxxxxx’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, to the extent permitted by applicable law, waives, relinquishes, releases and abandons all rights and claims to indemnificationindemnification (except as provided herein), contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the either Borrower and the successors and assigns of the either Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the either Borrower, the either Borrower’s successors, a creditor of the either Borrower, or a trustee in bankruptcy of the either Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the either Borrower or the either Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the either Borrower, a creditor or trustee in bankruptcy of the either Borrower as a preferential payment, fraudulent Execution Form 5 Guaranty of Payment and Completion/ Coronus Solar conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all agrees not to exercise any rights and or claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor to Agent or any of the LenderBanks, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender any Bank or Agent was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from LaSalle, Agent or any of the LenderBanks. Notwithstanding the foregoing, so long as no Unmatured Event of Default or Event of Default (as defined in the Loan Agreement) has occurred and is continuing, Borrower may make payments to Guarantor of Net Cash Flow (as defined in the Loan Agreement).

Subrogation Waiver. Until the Guaranteed Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor Guarantors or the Borrower Borrowers as a preferential or fraudulent payment have expired, the each Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the such Guarantor may now or hereafter have by and from the any Borrower and the successors and assigns of the any Borrower, for any payments made by the such Guarantor to the Lender, including, without limitation, any rights which might allow the any Borrower, the any Borrower’s successors, a creditor of the any Borrower, or a trustee in bankruptcy of the any Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the any Borrower or the any Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the such Guarantor and that such payment is recoverable by the any Borrower, a creditor or trustee in bankruptcy of the any Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full fall and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor Guarantors or the Borrower as a preferential or fraudulent payment have expired, the each Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor Guarantors may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor Guarantors to the Lender, including, without limitation, any rights which might allow the Borrower, the BorrowerXxxxxxxx’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the BorrowerXxxxxxxx’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor Guarantors and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the HouTex's Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the any Guarantor or the Borrower HouTex as a preferential or fraudulent payment have expired, the each Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the such Guarantor may now or hereafter have by and from the Borrower HouTex and the successors and assigns of the BorrowerHouTex, for any payments made by the such Guarantor to the Lender, including, without limitation, any rights which might allow the BorrowerHouTex, the Borrower’s HouTex's successors, a creditor of the BorrowerHouTex, or a trustee in bankruptcy of the Borrower HouTex to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower HouTex or the Borrower’s HouTex's successors and assigns to the Lender was on behalf of or for the benefit of the such Guarantor and that such payment is recoverable by the BorrowerHouTex, a creditor or trustee in bankruptcy of the Borrower HouTex as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the MMI's Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the any Guarantor or the Borrower MMI as a preferential or fraudulent payment have expired, the each Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all rights and claims to indemnification, contribution, reimbursement, subrogation and payment which the such Guarantor may now or hereafter have by and from the Borrower MMI and the successors and assigns of the BorrowerMMI, for any payments made by the such Guarantor to the Lender, including, without limitation, any rights which might allow the BorrowerMMI, the Borrower’s MMI's successors, a creditor of the BorrowerMMI, or a trustee in bankruptcy of the Borrower MMI to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower MMI or the Borrower’s MMI's successors and assigns to the Lender was on behalf of or for the benefit of the such Guarantor and that such payment is recoverable by the BorrowerMMI, a creditor or trustee in bankruptcy of the Borrower MMI as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.

Subrogation Waiver. Until the Obligations are paid in full and all periods under applicable bankruptcy law for the contest of any payment by the Guarantor or the Borrower as a preferential or fraudulent payment have expired, the Guarantor knowingly, and with advice of counsel, waives, relinquishes, releases and abandons all agrees not to exercise any rights and or claims to indemnification, contribution, reimbursement, subrogation and payment which the Guarantor may now or hereafter have by and from the Borrower and the successors and assigns of the Borrower, for any payments made by the Guarantor to the Lender, including, without limitation, any rights which might allow the Borrower, the Borrower’s successors, a creditor of the Borrower, or a trustee in bankruptcy of the Borrower to claim in bankruptcy or any other similar proceedings that any payment made by the Borrower or the Borrower’s successors and assigns to the Lender was on behalf of or for the benefit of the Guarantor and that such payment is recoverable by the Borrower, a creditor or trustee in bankruptcy of the Borrower as a preferential payment, fraudulent conveyance, payment of an insider or any other classification of payment which may otherwise be recoverable from the Lender.