Common use of Waiver of Borrowers’ rights Clause in Contracts

Waiver of Borrowers’ rights. Each Borrower agrees with the Banks that, throughout the Facility Period, it will not, without the prior written consent of the Agent: 18.6.1 exercise any right of subrogation, reimbursement and indemnity against the other Borrower or any other person liable under the Security Documents; 18.6.2 demand or accept repayment in whole or in part of any Indebtedness now or hereafter due to such Borrower from the other Borrower or from any other person liable for such Indebtedness or demand or accept any guarantee against financial loss or any document or instrument created or evidencing an Encumbrance in respect of the same or dispose of the same; 18.6.3 take any steps to enforce any right against the other Borrower or any other person liable in respect of any such moneys; or

Waiver of Borrowers’ rights. Each Borrower agrees with the Banks Creditor Parties that, throughout the Facility Period, it will not, without the prior written consent of the Agent: 18.6.1 exercise any right of subrogation, reimbursement and indemnity against the other Borrower or any other person liable under the Security Documents; 18.6.2 demand or accept repayment in whole or in part of any Indebtedness now or hereafter due to such Borrower from the other Borrower or from any other person liable for such Indebtedness or demand or accept any guarantee against financial loss or any document or instrument created or evidencing an Encumbrance in respect of the same or dispose of the same; 18.6.3 take any steps to enforce any right against the other Borrower or any other person liable in respect of any such moneys; or

Waiver of Borrowers’ rights. Each Borrower agrees with the Banks Bank that, throughout the Facility Period, it will not, without the prior written consent of the AgentBank: 18.6.1 17.6.1 exercise any right of subrogation, reimbursement and indemnity against the any other Borrower or any other person liable under the Security Documents; 18.6.2 17.6.2 demand or accept repayment in whole or in part of any Indebtedness now or hereafter due to such Borrower from the any other Borrower or from any other person liable for such Indebtedness or demand or accept any guarantee against financial loss or any document or instrument created or evidencing an Encumbrance in respect of the same or dispose of the same; 18.6.3 17.6.3 take any steps to enforce any right against the any other Borrower or any other person liable in respect of any such moneys; or

Waiver of Borrowers’ rights. Each Borrower agrees with the Banks that, throughout the Facility Period, it will not, without the prior written consent of the Agent: 18.6.1 exercise any right of subrogation, reimbursement and indemnity against the other Borrower or any other person liable under the Security Documents; 18.6.2 demand or accept repayment in whole or in part of any Indebtedness now or hereafter due to such Borrower from the other Borrower or from any other person liable for such Indebtedness or demand or accept any guarantee against financial loss or any document or instrument created or evidencing an Encumbrance in respect of the same or dispose of the same; 18.6.3 take any steps to enforce any right against the other Borrower or any other person liable in respect of any such moneys; oror Table of Contents

Waiver of Borrowers’ rights. Each Borrower agrees with the Banks that, throughout the Facility Period, it will not, without the prior written consent of the Agent: 18.6.1 exercise any right of subrogation, reimbursement and indemnity against the other Borrower or any other person liable under the Security Documents; 18.6.2 demand or accept repayment in whole or in part of any Indebtedness now or hereafter due to such Borrower from the other Borrower or from any other person liable for such Indebtedness or demand or accept any guarantee against financial loss or any document or instrument created or evidencing an Encumbrance in respect of the same or dispose of the same; 18.6.3 take any steps to enforce any right against the other Borrower or any other person liable in respect of any such moneys; oror 54 Table of Contents