Common use of WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION Clause in Contracts

WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION. Until such time as all obligations of Tenant under the Permit have been satisfied, Guarantor shall have no right of subrogation in or under the Permit, and no rights of reimbursement, indemnity or contribution from Tenant or any other rights by law, equity, statute or contract that would give rise to a creditor-debtor relationship between Guarantor and Tenant. Effective for the time period described in the preceding sentence, Guarantor hereby explicitly waives and releases any of the above- described rights of subrogation, reimbursement, indemnity, contribution, participation, and any right to require the marshaling of Tenant’s assets under any circumstances.

WAIVER AND RELEASE OF SUBROGATION AND PARTICIPATION. Until such time as all obligations of Tenant under the Permit have been satisfied, Guarantor shall have no right of subrogation in or under the Permit, and no rights of reimbursement, indemnity or contribution from Tenant or any other rights by law, equity, statute or contract that would give rise to a creditor-debtor relationship between Guarantor and Tenant. Effective for the time period described in the preceding sentence, Guarantor hereby explicitly waives and releases any of the above- described rights of subrogation, reimbursement, indemnity, contribution, participation, and any right to require the marshaling of Tenant’s 's assets under any circumstances.