Waiver of Subrogation and Other Rights. (i) Upon the occurrence and during the continuance of any Event of Default, in its sole discretion, without prior notice to or consent of Pledgor, Lender may elect to: (A) foreclose against any collateral for the Secured Obligations, (B) accept a transfer of any such collateral for the Secured Obligations in lieu of foreclosure, (C) compromise or adjust the Secured Obligations or any part thereof or make any other accommodation with Pledgor or any other Person, or (D) exercise any other remedy against Pledgor or any other Person or any collateral for the Secured Obligations. No such action by Lender shall release or limit Lender’s rights hereunder or under the other Related Documents, even if the effect of the action is to deprive Pledgor of any subrogation rights, rights of indemnity, or other rights to collect reimbursement from any other Person for any sums paid to Lender, whether contractual or arising by operation of law or otherwise. Pledgor expressly agrees that under no circumstances shall Pledgor be deemed to have any right, title, interest or claim in or to any Collateral to be held by Lender or any third party after any foreclosure or transfer in lieu of foreclosure of the Collateral. Regardless of whether Pledgor may have made any payments to Lender, until repayment in full of all of the Secured Obligations, Pledgor waives: (A) upon the occurrence and during the continuance of an Event of Default all rights of subrogation, all rights of indemnity, and any other rights to collect reimbursement from any other Person on account of the Collateral encumbered by this Pledge Agreement, whether contractual or arising by operation of law (including the United States Bankruptcy Code or any successor or similar statute) or otherwise; (B) all rights to enforce any remedy that Lender may have against any Person granting collateral for the Secured Obligations; and (C) all rights to participate in any Collateral now or later to be held by Lender.
Waiver of Subrogation and Other Rights. Buyer shall not be required to proceed against any particular Indemnifying Party for indemnification or otherwise in respect of any Losses before enforcing its rights hereunder against any other Indemnifying Party, and each Seller expressly waives all rights any Seller may have, now or in the future, under any statute, at common law, or at law or in equity, or otherwise, to compel Buyer to proceed against any Indemnifying Party in respect of any Losses before proceeding against, or as a condition to proceeding against, any other Indemnifying Party.
Waiver of Subrogation and Other Rights. An Indemnitee will not be required to proceed against any particular Indemnitor for indemnification or otherwise in respect of any Losses before enforcing its rights hereunder against any other Indemnitor, and each Indemnitor expressly waives all rights it may have, now or in the future, under any statute, at common law, or at law or in equity, or otherwise, to compel an Indemnitee to proceed against any Indemnitor in respect of any Losses before proceeding against, or as a condition to proceeding against, any other Indemnitor.
Waiver of Subrogation and Other Rights. With respect to each Borrower's Secured Obligations arising as a result of the joint and several liability of the Borrowers hereunder with respect to Advances or other extensions of credit made to any of the other Borrowers hereunder, each Borrower waives, until the Secured Obligations shall have been paid in full and the Agreement and the other Loan Documents shall have been terminated, any right to enforce any right of subrogation or any remedy which the Agent and/or any Lender now has or may hereafter have against such Borrower, any endorser or any guarantor of all or any part of the Secured Obligations, and any benefit of, and any right to participate in, any security or collateral given to the Agent and/or any Lender to secure payment of the Secured Obligations or any other liability of the Borrowers to the Agent and/or any Lender.
Waiver of Subrogation and Other Rights. (a) Upon a default by Obligor on any Note, Lender in its sole discretion, without prior notice to or consent of Guarantor, may elect to: (i) compromise or adjust any Notes or any part of it or make any other accommodation with Obligor or Guarantor, or (ii) exercise any other remedy against Obligor or any security. No such action by Lender shall release or limit the liability of Guarantor, whom shall remain liable under this Guaranty after the action, even if the effect of the action is to deprive Guarantor of any subrogation rights, rights of indemnity, or other rights to collect reimbursement from Obligor for any sums paid to Lender, whether contractual or arising by operation of law or otherwise.
(b) Regardless of whether Guarantor may have made any payments to each Lender, Guarantor forever waives: (i) all rights of subrogation, all rights of indemnity, and any other rights to collect reimbursement from Obligor for any sums paid to each Lender, whether contractual or arising by operation of law (including the United States Bankruptcy Code or any successor or similar statute) or otherwise, (ii) all rights to enforce any remedy that each Lender may have against Obligor, and (iii) all rights to participate in any security now or later to be held by Lender for its respective Note.
Waiver of Subrogation and Other Rights. Any Indemnifying Party shall not be required to proceed against any particular Indemnifying Party for indemnification or otherwise in respect of any losses before enforcing their rights hereunder against any other Indemnifying Party, and the Buyer and the Shareholders expressly waive all rights the Buyer and the Shareholders may respectively have, now or in the future, under any statute, at common law, or at law or in equity, or otherwise, to compel an Indemnifying Party to proceed against any other Indemnifying Party in respect of any losses before proceeding against, or as a condition to proceeding against, any other Indemnifying Party.
Waiver of Subrogation and Other Rights. Each -------------------------------------- Shareholder hereby agrees that if, following the Closing, any payment is made or required to be made by it pursuant to the terms of this Agreement or the Company Documents (including, without limitation, this Article IX), none of the Shareholders shall have any rights against the Company, whether by reason of subrogation or otherwise, in respect of any such payments, and none of the Shareholders shall take any action against the Company with respect thereto. Any such rights which any Shareholder may, by operation of law or otherwise, have against the Company shall, effective at the time of the Closing, be deemed to be hereby expressly and knowingly waived.
Waiver of Subrogation and Other Rights. 30 (j) No Modification or Release of Obligations. 30
Waiver of Subrogation and Other Rights. Until the Secured Obligations shall have been satisfied in full, the Parent agrees that it shall not exercise, and hereby irrevocably waives forever, any rights that it may have or acquire by way of subrogation or any rights of reimbursement or any other rights that it may have or acquire against the Company under or in connection with this Pledge.
Waiver of Subrogation and Other Rights. Until such time as the Guaranteed Obligations have been paid in full, the Guarantors hereby irrevocably waive any and all rights they may have at any time (whether arising directly or indirectly, by operation of law or contract) to assert any claim on account of this Agreement against the Company or any other party liable with respect to any of the Guaranteed Obligations, including, without limitation, any and all rights of subrogation, reimbursement, exoneration, contribution and indemnity.
