Common use of Waiver of Rights Against Borrower Clause in Contracts

Waiver of Rights Against Borrower. Until the indefeasible payment and performance in full of all of the Borrower's Obligations, no Guarantor shall exercise and each Guarantor hereby waives any rights against the Borrower arising as a result of payment by such Guarantor hereunder, by way of subrogation, reimbursement, restitution, contribution or otherwise, and will not prove any claim in competition with the Administrative Agent or any Lender in respect of any payment hereunder in any bankruptcy, insolvency or reorganization case or proceedings of any nature; no Guarantor will claim any setoff, recoupment or counterclaim against the Borrower in respect of any liability of such Guarantor to the Borrower; and each Guarantor waives any benefit of and any right to participate in any collateral security which may be held by the Administrative Agent or any Lender.

Waiver of Rights Against Borrower. Until the indefeasible final payment --------------------------------- and performance in full of all of the Borrower's Obligations, no Guarantor none of the Guarantors shall exercise and each Guarantor of the Guarantors hereby waives any rights against the Borrower arising as a result of payment by such Guarantor hereunder, by way of subrogation, reimbursement, restitution, contribution or otherwise, and will not prove any claim in competition with the Administrative Agent or any Lender Bank in respect of any payment hereunder in any bankruptcyBankruptcy, insolvency or reorganization case or proceedings of any nature; no Guarantor none of the Guarantors will claim any setoff, recoupment or counterclaim against the Borrower in respect of any liability of such Guarantor to the Borrower; and each Guarantor of the Guarantors waives any benefit of and any right to participate in any collateral security which may be held by the Administrative Agent or any LenderBank.

Waiver of Rights Against Borrower. Until the indefeasible final payment and performance in full of all of the Borrower's Obligations, no Obligations (other than inchoate unasserted indemnification liabilities arising under the Loan Documents): (i) Guarantor shall not exercise and each Guarantor hereby waives any rights against the Borrower arising as a result of payment by such Guarantor hereunder, by way of subrogation, reimbursement, restitution, contribution or otherwise, and will not prove any claim in competition with the Administrative Agent or any Lender in respect of any payment hereunder in any bankruptcy, insolvency or reorganization case or proceedings of any nature; no (ii) Guarantor will not claim any setoff, recoupment or counterclaim against the Borrower in respect of any liability of such Guarantor to the Borrower; and each (iii) Guarantor waives any benefit of and any right to participate in any collateral security which may be held by the Administrative Agent or any Lender.

Waiver of Rights Against Borrower. Until the indefeasible final payment in cash and performance in full of all of the Borrower's Obligations, no Guarantor shall exercise exercise, and each Guarantor hereby waives waives, any rights against the Borrower arising as a result of payment by such Guarantor hereunder, by way of subrogation, reimbursement, restitution, contribution or otherwise, and no Guarantor will not prove any claim in competition with the Administrative Agent or any Lender in respect of any payment hereunder in any bankruptcy, insolvency or reorganization case or proceedings of any nature; no Guarantor will claim any setoff, recoupment or counterclaim against the Borrower in respect of any liability of such Guarantor to the Borrower; and each Guarantor waives any benefit of and any right to participate in any collateral security which may be held by the Administrative Agent or any Lender.