Common use of Waiver of Subrogation and Contribution; Indemnity Clause in Contracts

Waiver of Subrogation and Contribution; Indemnity. (a) Until such time as the Guaranteed Obligations are irrevocably paid in full and this Guaranty is terminated in accordance with Section 6.05, Guarantor hereby irrevocably waives any claim or other rights which it may acquire against MLP that arise from the Guarantor’s Guaranteed Obligations under this Guaranty or any other Credit Document or the payment thereof, including, without limitation, any right of subrogation (including, without limitation, any statutory rights of subrogation under Section 509 of the Bankruptcy Code, 11 U.S.C. § 509), reimbursement, exoneration, contribution or indemnification, or any right to participate in any claim or remedy of Agent or any other Financial Institution against MLP, or any collateral which Agent or any other Financial Institution now has or hereafter acquires. If any amount shall be paid to Guarantor in violation of the preceding sentence and the Guaranteed Obligations shall not have been paid in full or this Guaranty shall not have been terminated in accordance with Section 6.05, such amount shall be held in trust for the benefit of Agent and the other Financial Institutions, and shall promptly be paid to the Agent for the benefit of Agent and the other Financial Institutions to be applied to the Guaranteed Obligations, whether matured or unmatured, as Agent may elect. Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Credit Documents and that the waiver set forth in this Section 4.02(a) is knowingly made in contemplation of such benefits.

Waiver of Subrogation and Contribution; Indemnity. (a) Until such time as the Guaranteed Obligations are irrevocably paid in full and this Guaranty is terminated in accordance with Section 6.05, Guarantor hereby irrevocably waives any claim or other rights which it may acquire against MLP any Obligor that arise from the Guarantor’s Guaranteed Obligations under this Guaranty or any other Credit Document or the payment thereof, including, without limitation, any right of subrogation (including, without limitation, any statutory rights of subrogation under Section 509 of the Bankruptcy Code, 11 U.S.C. § 509), reimbursement, exoneration, contribution or indemnification, or any right to participate in any claim or remedy of Agent or any other Financial Institution against MLPany Obligor, or any collateral which Agent or any other Financial Institution now has or hereafter acquires. If any amount shall be paid to Guarantor in violation of the preceding sentence and the Guaranteed Obligations shall not have been paid in full or this Guaranty shall not have been terminated in accordance with Section 6.05, such amount shall be held in trust for the benefit of Agent and the other Financial Institutions, and shall promptly be paid to the Agent for the benefit of Agent and the other Financial Institutions to be applied to the Guaranteed Obligations, whether matured or unmatured, as Agent may elect. Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Credit Documents and that the waiver set forth in this Section 4.02(a) is knowingly made in contemplation of such benefits.

Waiver of Subrogation and Contribution; Indemnity. (ai) Until such time as the Guaranteed Obligations are irrevocably paid in full and each guaranty granted in this Guaranty Article IX is terminated in accordance with Section 6.059.5, the Guarantor hereby irrevocably waives any claim or other rights which it may acquire against MLP any Obligor that arise from the Guarantor’s Guaranteed Obligations obligations under this Guaranty Agreement or any other Credit Document or the payment thereof, including, without limitation, including any right of subrogation (including, without limitation, including any statutory rights of subrogation under Section 509 of the Bankruptcy Code, 11 U.S.C. § 509), reimbursement, exoneration, contribution or indemnification, or any right to participate in any claim or remedy of any Bank, Agent or other Person against any other Financial Institution against MLPObligor, or any collateral which any Bank, Agent or any other Financial Institution Person now has or hereafter acquires. If if any amount shall be paid to the Guarantor in violation of the preceding sentence and the Guaranteed Obligations shall not have been paid in full or any guaranty granted in this Guaranty Article IX shall not have been terminated in accordance with Section 6.059.5, such amount shall be held in trust for the benefit of Agent and the other Financial Institutions, obligees of the Obligations and shall promptly be paid to the Administrative Agent for the benefit of Agent and the other Financial Institutions to be applied to the Guaranteed Obligations, whether matured or unmatured, as Agent may electin accordance with Section 2.2(a) and Section 2.9. The Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Credit Documents and that the waiver set forth in this Section 4.02(a9.4(b) is knowingly made in contemplation of such benefits.

Waiver of Subrogation and Contribution; Indemnity. (ai) Until such time as the Guaranteed Obligations are irrevocably paid in full and each guaranty granted in this Guaranty Article IX is terminated in accordance with Section 6.059.5, the Guarantor hereby irrevocably waives any claim or other rights which it may acquire against MLP any Obligor that arise from the Guarantor’s Guaranteed Obligations obligations under this Guaranty Agreement or any other Credit Document or the payment thereof, including, without limitation, including any right of subrogation (including, without limitation, including any statutory rights of subrogation under Section 509 of the Bankruptcy Code, 11 U.S.C. § 509), reimbursement, exoneration, contribution or indemnification, or any right to participate in any claim or remedy of any Bank, Agent or other Person against any other Financial Institution against MLPObligor, or any collateral which any Bank, Agent or any other Financial Institution Person now has or hereafter acquires. If any amount shall be paid to the Guarantor in violation of the preceding sentence and the Guaranteed Obligations shall not have been paid in full or any guaranty granted in this Guaranty Article IX shall not have been terminated in accordance with Section 6.059.5, such amount shall be held in trust for the benefit of Agent and the other Financial Institutions, obligees of the Obligations and shall promptly be paid to the Administrative Agent for the benefit of Agent and the other Financial Institutions to be applied to the Guaranteed Obligations, whether matured or unmatured, as Agent may electin accordance with Section 2.2(a) and Section 2.9. The Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Credit Documents and that the waiver set forth in this Section 4.02(a9.4(b) is knowingly made in contemplation of such benefits.

Waiver of Subrogation and Contribution; Indemnity. (a) Until such time as the Guaranteed Obligations are irrevocably paid in full and this Guaranty is terminated in accordance with Section 6.05, each Guarantor hereby irrevocably waives any claim or other rights which it may acquire against MLP any Obligor that arise from the any Guarantor’s Guaranteed Obligations obligations under this Guaranty or any other Credit Loan Document or the payment thereof, including, without limitation, any right of subrogation (including, without limitation, any statutory rights of subrogation under Section 509 of the Bankruptcy Code, 11 U.S.C. § 509), reimbursement, exoneration, contribution or indemnification, or any right to participate in any claim or remedy of Agent or any other Financial Institution against MLPany Obligor, or any collateral which Agent or any other Financial Institution now has or hereafter acquires. If any amount shall be paid to any Guarantor in violation of the preceding sentence and the Guaranteed Obligations shall not have been paid in full or this Guaranty shall not have been terminated in accordance with Section 6.05, such amount shall be held in trust for the benefit of Agent and the other Financial Institutions, and shall promptly be paid to the Administrative Agent for the benefit of Agent and the other Financial Institutions to be applied to the Guaranteed Obligations, whether matured or unmatured, as the Administrative Agent may elect. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Credit Loan redit Documents and that the waiver set forth in this Section 4.02(a) is knowingly made in contemplation of such benefits.