Common use of Waiver and Postponement of Subrogation, Reimbursement and Contribution Clause in Contracts

Waiver and Postponement of Subrogation, Reimbursement and Contribution. Notwithstanding anything to the contrary contained in this Guaranty, each Guarantor hereby unconditionally and irrevocably agrees to postpone the exercise of and, until the Redemption Price has been paid in full (subject to the terms of Section 6.14 regarding reinstatement of this Guaranty), does hereby irrevocably waive and defer any and all rights it may now or hereafter have under any agreement, at law or in equity (including, without limitation, any law subrogating Guarantors’ rights to the rights of the Class A Member), to assert any claim against or seek contribution, indemnification or any other form of reimbursement from the Company or any of its Subsidiaries or any other party liable to the Class A Member for the payment of any or all of the Guaranteed Obligations for any payment made by Guarantors under or in connection with this Guaranty or otherwise; provided that, for clarity, such postponement and waiver shall only be in effect until the Redemption Price has been paid in full (subject to the terms of Section 6.14 regarding reinstatement of this Guaranty).

Appears in 10 contracts

Samples: Mandatory Redemption Guaranty (W2007 Grace Acquisition I Inc), Bad Boy Guaranty (W2007 Grace Acquisition I Inc), Loan Agreement (W2007 Grace Acquisition I Inc)

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Waiver and Postponement of Subrogation, Reimbursement and Contribution. Notwithstanding anything to the contrary contained in this Guaranty, each Guarantor hereby unconditionally and irrevocably agrees to postpone the exercise of and, until for so long as both any portion of the Redemption Price has Debt shall be outstanding and a Permitted Direct Assumption shall not have been paid consummated in full (subject to accordance with the terms of Section 6.14 regarding reinstatement of this Guaranty)Loan Agreement, does hereby irrevocably waive and defer any and all rights it may now or hereafter have under any agreement, at law or in equity (including, without limitation, any law subrogating Guarantors’ rights to the rights of the Class A MemberLender), to assert any claim against or seek contribution, indemnification or any other form of reimbursement from the Company or any of its Subsidiaries Borrower or any other party liable to the Class A Member Lender for the payment of any or all of the Guaranteed Obligations for any payment made by Guarantors under or in connection with this Guaranty or otherwise; provided that, for clarity, such postponement and waiver shall only be in effect until for so long as any portion of the Redemption Price has Debt shall be outstanding (or shall have been paid in full (subject to the terms of Section 6.14 regarding reinstatement of this Guarantyreinstated).

Appears in 4 contracts

Samples: Hospitality Investors Trust, Inc., Hospitality Investors Trust, Inc., Hospitality Investors Trust, Inc.

Waiver and Postponement of Subrogation, Reimbursement and Contribution. Notwithstanding anything to the contrary contained in this Guaranty, each Guarantor hereby unconditionally and irrevocably agrees to postpone the exercise of and, until for so long as both any portion of the Redemption Price has Debt shall be outstanding and a Permitted Direct Assumption shall not have been paid consummated in full (subject to accordance with the terms of Section 6.14 regarding reinstatement of this Guaranty)Loan Agreement, does hereby irrevocably waive and defer any and all rights it may now or hereafter have under any agreement, at law or in equity (including, without limitation, any law subrogating Guarantors’ rights to the rights of the Class A MemberLender), to assert any claim against or seek contribution, indemnification or any other form of reimbursement from the Company or any of its Subsidiaries Individual Borrower or any other party liable to the Class A Member Lender for the payment of any or all of the Guaranteed Obligations for any payment made by Guarantors under or in connection with this Guaranty or otherwise; provided that, for clarity, such postponement and waiver shall only be in effect until for so long as any portion of the Redemption Price has Debt shall be outstanding (or shall have been paid in full (subject to the terms of Section 6.14 regarding reinstatement of this Guarantyreinstated).

Appears in 3 contracts

Samples: Guaranty of Recourse Obligations (Hospitality Investors Trust, Inc.), Hospitality Investors Trust, Inc., Hospitality Investors Trust, Inc.

Waiver and Postponement of Subrogation, Reimbursement and Contribution. Notwithstanding anything to the contrary contained in this Guaranty, each Guarantor hereby unconditionally and irrevocably agrees to postpone the exercise of and, until for so long as both any portion of the Redemption Price has Debt shall be outstanding and a Direct Assumption shall not have been paid consummated in full (subject to accordance with the terms of Section 6.14 regarding reinstatement of this Guaranty)Loan Agreement, does hereby irrevocably waive and defer any and all rights it may now or hereafter have under any agreement, at law or in equity (including, without limitation, any law subrogating Guarantors’ rights to the rights of the Class A MemberLender), to assert any claim against or seek contribution, indemnification or any other form of reimbursement from the Company or any of its Subsidiaries Borrower or any other party liable to the Class A Member Lender for the payment of any or all of the Guaranteed Obligations for any payment made by Guarantors under or in connection with this Guaranty or otherwise; provided that, for clarity, such postponement and waiver shall only be in effect until for so long as any portion of the Redemption Price has Debt shall be outstanding (or shall have been paid in full (subject to the terms of Section 6.14 regarding reinstatement of this Guarantyreinstated).

Appears in 3 contracts

Samples: Assumption Agreement (American Realty Capital Hospitality Trust, Inc.), Environmental Indemnity Agreement (W2007 Grace Acquisition I Inc), Special Warranty Deed (American Realty Capital Hospitality Trust, Inc.)

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Waiver and Postponement of Subrogation, Reimbursement and Contribution. Notwithstanding anything to the contrary contained in this Guaranty, each Guarantor hereby unconditionally and irrevocably agrees to postpone the exercise of and, until for so long as both any portion of the Redemption Price has Debt shall be outstanding and a Direct Assumption shall not have been paid consummated in full (subject to accordance with the terms of Section 6.14 regarding reinstatement of this Guaranty)Loan Agreement, does hereby irrevocably waive and defer any and all rights it may now or hereafter have under any agreement, at law or in equity (including, without limitation, any law subrogating Guarantors’ rights to the rights of the Class A MemberLender), to assert any claim against or seek contribution, indemnification or any other form of reimbursement from the Company or any of its Subsidiaries Borrower or any other party liable to the Class A Member Lender for the payment of any or all of the Guaranteed Obligations for any payment made by Guarantors under or in connection with this Guaranty or otherwise; provided that, for clarity, such postponement and waiver shall only be in effect until for so long as any portion of the Redemption Price has Debt shall be outstanding (or shall have been paid in full (subject to the terms of Section 6.14 regarding reinstatement of this Guarantyreinstated).

Appears in 2 contracts

Samples: Environmental Indemnity Agreement (W2007 Grace Acquisition I Inc), Special Warranty Deed (American Realty Capital Hospitality Trust, Inc.)

Waiver and Postponement of Subrogation, Reimbursement and Contribution. Notwithstanding anything to the contrary contained in this Guaranty, each Guarantor hereby unconditionally and irrevocably agrees to postpone the exercise of and, until for so long as both any portion of the Redemption Price has Debt shall be outstanding and a Direct Assumption shall not have been paid consummated in full (subject to accordance with the terms of Section 6.14 regarding reinstatement of this Guaranty)Loan Agreement, does hereby irrevocably waive and defer any and all rights it may now or hereafter have under any agreement, at law or in equity (including, without limitation, any law subrogating Guarantors’ rights to the rights of the Class A MemberLender), to assert any claim against or seek contribution, indemnification or any other form of reimbursement from the Company or any of its Subsidiaries Borrower or any other party liable to the Class A Member Lender for the payment of any or all of the Guaranteed Obligations for any payment made by Guarantors under or in connection with this Guaranty or Guaranty of Recourse Obligations Berkadia Loan No. 00-0000000 & 00-0000000 117470149_7 otherwise; provided that, for clarity, such postponement and waiver shall only be in effect until for so long as any portion of the Redemption Price has Debt shall be outstanding (or shall have been paid in full (subject to the terms of Section 6.14 regarding reinstatement of this Guarantyreinstated).

Appears in 1 contract

Samples: Assumption Agreement (American Realty Capital Hospitality Trust, Inc.)

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