Common use of Waiver of Rights of Subrogation Clause in Contracts

Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which any Grantor is a Party, each Grantor hereby waives with respect to the Borrowers and their successors and assigns (including any surety) and any other Party any and all rights at Law or in equity, to subrogation, to reimbursement, to exoneration, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which such Grantor may have or hereafter acquire against any Borrower or any other Party in connection with or as a result of such Grantor's execution, delivery and/or performance of this Agreement or any other Loan Document to which such Grantor is a party. Each Grantor agrees that it shall not have or assert any such rights against any Borrower or its successors and assigns or any other Person (including any surety), either directly or as an attempted setoff to any action commenced against such Grantor by any Borrower (as borrower or in any other capacity) or any other Person. Each Grantor hereby acknowledges and agrees that this waiver is intended to benefit Secured Party and shall not limit or otherwise affect such Grantor's liability hereunder, under any other Loan Document to which such Grantor is a party, or the enforceability hereof or thereof.

Appears in 2 contracts

Samples: Security Agreement (Jakks Pacific Inc), Security Agreement (Jakks Pacific Inc)

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Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which any Grantor the Pledgor is a Partyparty, each Grantor Pledgor hereby waives with respect to the Borrowers Company and their its successors and assigns and any other Person (including any surety) and any other Party any and all rights at Law law or in equity, to subrogation, to reimbursement, to exoneration, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which such Grantor the Pledgor may have or hereafter acquire against any Borrower the Company or any other Party party in connection with or as a result of such Grantor's the Pledgor’s execution, delivery and/or performance of this Agreement or any other Loan Document to which such Grantor the Pledgor is a party. Each Grantor The Pledgor agrees that it shall not have or assert any such rights against any Borrower the Company or its successors and assigns or any other Person (including any surety), either directly or as an attempted setoff to any action commenced against such Grantor the Pledgor by any Borrower the Company (as borrower or in any other capacity) or any other Person. Each Grantor The Pledgor hereby acknowledges and agrees that this waiver is intended to benefit the Secured Party and shall not limit or otherwise affect such Grantor's the Pledgor’s liability hereunder, under any other Loan Document to which such Grantor the Pledgor is a party, or the enforceability hereof or thereof.

Appears in 1 contract

Samples: Pledge Agreement (Tracinda Corp)

Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Transaction Document to which any Grantor is a Partyparty, each Grantor Grantors hereby waives waive with respect to the Borrowers Borrower and their its successors and assigns (including any surety) and any other Party Person, any and all rights at Law or in equity, equity to subrogation, to reimbursement, to exoneration, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which such Grantor Grantors may have or hereafter acquire against any the Borrower or any other Party Person in connection with or as a result of such Grantor's Grantors' execution, delivery and/or performance of this Agreement or any other Loan Transaction Document to which such any Grantor is a party. Each Grantor agrees Grantors agree that it they shall not have or assert any such rights against any the Borrower or its successors and assigns or any other Person (including any surety), either directly or as an attempted setoff to any action commenced against such Grantor Grantors by any the Borrower (as borrower or in any other capacity) or any other Person. Each Grantor Grantors hereby acknowledges acknowledge and agrees agree that this waiver is intended to benefit Secured Party and shall not limit or otherwise affect such Grantor's Grantors' liability hereunder, under any other Loan Transaction Document to which such any Grantor is a party, or the enforceability hereof or thereof.

Appears in 1 contract

Samples: Security Agreement (Safeskin Corp)

Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which any Grantor is a Party, each Grantor hereby waives with respect to the Borrowers Borrower and their its successors and assigns (including any surety) and any other Party Person any and all rights at Law or in equity, to subrogation, to reimbursement, to exoneration, to indemnity, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which such Grantor may have or hereafter acquire against any Borrower or any other Party Person in connection with or as a result of such Grantor's execution, delivery and/or performance of this Agreement or any other Loan Document to which such Grantor is a partyParty. Each Grantor agrees that it shall not have or assert any such rights against any Borrower or its successors and assigns or any other Person (including any surety)) which is directly or indirectly a creditor of any other Person or any surety for any other Person, either directly or as an attempted setoff to any action commenced against such Grantor by any Borrower (as borrower or in any other capacity) or any other Person. Each Grantor hereby acknowledges and agrees that this waiver is intended to benefit Secured Party and shall not limit or otherwise affect such Grantor's liability hereunder, under any other Loan Document to which such Grantor is a partyParty, or the enforceability hereof or thereof.

Appears in 1 contract

Samples: Security Agreement (Herbst Gaming Inc)

Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which any Grantor is a Party, each Grantor hereby waives with respect to the Borrowers Borrower and their its successors and assigns (including any surety) and any other Party any and all rights at Law or in equity, to subrogation, to reimbursement, to exoneration, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which such Grantor may have or hereafter acquire against any Borrower or any other Party in connection with or as a result of such Grantor's execution, delivery and/or performance of this Agreement or any other Loan Document to which such Grantor is a party. Each Grantor agrees that it shall not have or assert any such rights against any Borrower or its successors and assigns or any other Person (including any surety), either directly or as an attempted setoff to any action commenced against such Grantor by any Borrower (as borrower or in any other capacity) or any other Person. Each Grantor hereby acknowledges and agrees that this waiver is intended to benefit Secured Party and shall not limit or otherwise affect such Grantor's liability hereunder, under any other Loan Document to which such Grantor is a party, or the enforceability hereof or thereof.

Appears in 1 contract

Samples: Pledge Agreement (Central Financial Acceptance Corp)

Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which any Grantor is a Party, each Grantor hereby waives with respect to the Borrowers Borrower and their its successors and assigns (including any surety) and any other Party Person any and all rights at Law or in equity, to subrogation, to reimbursement, to exoneration, to indemnity, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which such Grantor may have or hereafter acquire against any Borrower or any other Party Person in connection with or as a result of such Grantor's ’s execution, delivery and/or performance of this Agreement or any other Loan Document to which such Grantor is a partyParty. Each Grantor agrees that it shall not have or assert any such rights against any Borrower or its successors and assigns or any other Person (including any surety)) which is directly or indirectly a creditor of any other Person or any surety for any other Person, either directly or as an attempted setoff to any action commenced against such Grantor by any Borrower (as borrower or in any other capacity) or any other Person. Each Grantor hereby acknowledges and agrees that this waiver is intended to benefit Secured Party and shall not limit or otherwise affect such Grantor's ’s liability hereunder, under any other Loan Document to which such Grantor is a partyParty, or the enforceability hereof or thereof.

Appears in 1 contract

Samples: Credit Agreement (Herbst Gaming Inc)

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Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which any Grantor is a Party, until the Obligations have been satisfied in full, each Grantor hereby waives with respect to the Borrowers Borrower and their its successors and assigns (including any surety) and any other Party any and all rights at Law or in equity, to subrogation, to reimbursement, to exoneration, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which such Grantor may have or hereafter acquire against any the Borrower or any other Party in connection with or as a result of such Grantor's execution, delivery and/or performance of this Agreement or any other Loan Document to which such Grantor is a party. Each Until the Obligations have been satisfied in full, each Grantor agrees that it shall not have or assert any such rights against any the Borrower or its successors and assigns or any other Person (including any surety), either directly or as an attempted setoff to any action commenced against such Grantor by any the Borrower (as borrower or in any other capacity) or any other Person. Each Grantor hereby acknowledges and agrees that this waiver is intended to benefit Secured Party and shall not limit or otherwise affect such Grantor's liability hereunder, under any other Loan Document to which such Grantor is a party, or the enforceability hereof or thereof.

Appears in 1 contract

Samples: Revolving/Term Loan Agreement (Viasat Inc)

Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which any Grantor is a Party, each Grantor hereby waives with respect to the Borrowers Borrower and their its successors and assigns (including any surety) and any other Party any and all rights at Law or in equity, to subrogation, to reimbursement, to exoneration, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which such Grantor may have or hereafter acquire against any the Borrower or any other Party in connection with or as a result of such Grantor's ’s execution, delivery and/or performance of this Agreement or any other Loan Document to which such Grantor is a party. Each Grantor agrees that it shall not have or assert any such rights against any the Borrower or its successors and assigns or any other Person (including any surety), either directly or as an attempted setoff to any action commenced against such Grantor by any the Borrower (as borrower or in any other capacity) or any other Person. Each Grantor hereby acknowledges and agrees that this waiver is intended to benefit Secured Party and shall not limit or otherwise affect such Grantor's ’s liability hereunder, under any other Loan Document to which such Grantor is a party, or the enforceability hereof or thereof.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Wd 40 Co)

Waiver of Rights of Subrogation. Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which any Grantor is a Party, each Grantor hereby waives with respect to the Borrowers Borrower and their successors and assigns (including any surety) and any other Party any and all rights at Law or in equity, to subrogation, to reimbursement, to exoneration, to contribution, to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker and which such Grantor may have or hereafter acquire against any Borrower or any other Party in connection with or as a result of such Grantor's ’s execution, delivery and/or performance of this Agreement or any other Loan Document to which such Grantor is a party. Each Grantor agrees that it shall not have or assert any such rights against any Borrower or its successors and assigns or any other Person (including any surety), either directly or as an attempted setoff to any action commenced against such Grantor by any Borrower Xxxxxxxx (as borrower or in any other capacity) or any other Person. Each Grantor hereby acknowledges and agrees that this waiver is intended to benefit Secured Party and shall not limit or otherwise affect such Grantor's ’s liability hereunder, under any other Loan Document to which such Grantor is a party, or the enforceability hereof or thereof.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Wd 40 Co)

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