Common use of Waiver of Subrogation and Contribution Rights Clause in Contracts

Waiver of Subrogation and Contribution Rights. Until the Obligations have been irrevocably paid in full and the Revolving Credit Commitments have been terminated, the Guarantors shall not enforce or otherwise exercise any right of subrogation to any of the rights of the Guarantied Parties or any part of them against the Borrower or any right of reimbursement or contribution or similar right against the Borrower by reason of this Agreement or by any payment made by any Guarantor in respect of the Obligations.

Appears in 5 contracts

Samples: Guaranty (Amkor Technology Inc), Credit Agreement (WCI Steel, Inc.), Credit Agreement (Edo Corp)

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Waiver of Subrogation and Contribution Rights. Until the Obligations have been irrevocably paid in full and the Revolving Credit Commitments have been terminated, the Guarantors shall not enforce or otherwise exercise any right of subrogation to any of the rights of the Guarantied Guaranteed Parties or any part of them against the Borrower any other Loan Party or any right of reimbursement or contribution or similar right against the Borrower any other Loan Party by reason of this Agreement or by any payment made by any Guarantor in respect of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (UTi WORLDWIDE INC)

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Waiver of Subrogation and Contribution Rights. Until the Obligations have been irrevocably paid in full and the Revolving Credit Commitments have been terminated, the Guarantors shall not enforce or otherwise exercise any right of subrogation to any of the rights of the Guarantied Parties or any part of them against the Borrower or any right of reimbursement or contribution or similar right against the Borrower by reason of this Agreement or by any payment made by any Guarantor in respect of the Obligations. GUARANTY AMKOR TECHNOLOGY, INC.

Appears in 1 contract

Samples: Subsidiary Guaranty (Amkor Technology Inc)

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