Common use of Waiver of Right of Subrogation, Etc Clause in Contracts

Waiver of Right of Subrogation, Etc. Each Grantor hereby waives any and all rights of subrogation, reimbursement, or indemnity whatsoever in respect of such Grantor arising out of remedies exercised by the Agent hereunder until full and indefeasible payment of the Secured Obligations.

Appears in 5 contracts

Samples: Security Agreement (Security Devices International Inc.), Security Agreement, Security Agreement (Nestor Inc)

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Waiver of Right of Subrogation, Etc. Each Grantor hereby waives any and all rights of subrogation, reimbursement, or indemnity whatsoever in respect of such Grantor arising out of remedies exercised by the Agent Secured Party hereunder until full and indefeasible payment of the Secured Obligations.

Appears in 2 contracts

Samples: Security Agreement (Remote Dynamics Inc), Security Agreement (Remote Dynamics Inc)

Waiver of Right of Subrogation, Etc. Each Grantor hereby waives any and all rights of subrogation, reimbursement, or indemnity whatsoever in respect of such Grantor arising out of remedies exercised by the Agent Secured Party hereunder until full and indefeasible payment of the Secured Obligations.

Appears in 2 contracts

Samples: Security Agreement (Universal Property Development & Acquisition Corp), Security Agreement (Heartland Oil & Gas Corp)

Waiver of Right of Subrogation, Etc. Each Grantor hereby waives any and all rights of subrogation, reimbursement, or indemnity whatsoever in respect of such Grantor arising out of remedies exercised by the Agent hereunder until payment in full and indefeasible payment in cash of the Secured ObligationsObligations and the termination of any commitment of the Secured Parties to make financial accommodations to the Borrower pursuant to the Credit Agreement (and subject to reinstatement thereafter as provided in Section 13(a) hereof).

Appears in 1 contract

Samples: Security Agreement (New Enterprise Stone & Lime Co., Inc.)

Waiver of Right of Subrogation, Etc. Each Grantor hereby waives any and all rights of subrogation, reimbursement, or indemnity whatsoever in respect of such Grantor arising out of remedies exercised by the Agent Trustee hereunder until full and indefeasible payment of the Secured Obligations.

Appears in 1 contract

Samples: Security Agreement (Security Devices International Inc.)

Waiver of Right of Subrogation, Etc. Each Grantor hereby waives any and all rights of subrogation, reimbursement, or indemnity whatsoever in respect of such Grantor arising out of remedies exercised by the Agent hereunder until full and indefeasible payment of the Secured ObligationsObligations and the termination of any commitment of the Secured Parties to make financial accommodations to the Borrower pursuant to the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Vishay Precision Group, Inc.)

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Waiver of Right of Subrogation, Etc. Each Grantor hereby waives any and all rights of subrogation, reimbursement, or indemnity whatsoever in respect of such Grantor arising out of remedies exercised by the Collateral Agent hereunder until payment in full and indefeasible payment in cash of the Secured ObligationsObligations (and subject to reinstatement thereafter as provided in Section 15(a)).

Appears in 1 contract

Samples: Security Agreement (New Enterprise Stone & Lime Co., Inc.)

Waiver of Right of Subrogation, Etc. Each To the extent permitted by applicable Law, each Grantor hereby waives any and all rights of subrogation, reimbursement, or indemnity whatsoever in respect of such Grantor arising out of remedies exercised by the Agent Lender hereunder until full and indefeasible payment of the Secured ObligationsObligations (other than contingent indemnification obligations so long as no claim or demand for indemnification then exists or has then been made).

Appears in 1 contract

Samples: Security Agreement (Ipass Inc)

Waiver of Right of Subrogation, Etc. Each Grantor hereby waives any and all rights of subrogation, reimbursement, or indemnity whatsoever in respect of such Grantor arising out of remedies exercised by the Agent hereunder until full and indefeasible payment of the Secured ObligationsObligations and CTL Guaranteed Obligations and the termination of any commitment of the Secured Parties to make financial accommodations to the Borrowers pursuant to the Credit Agreement.

Appears in 1 contract

Samples: Amended and Restated Security Agreement (Vishay Precision Group, Inc.)

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