Common use of Waiver of Subrogation, Reimbursement and Contribution Clause in Contracts

Waiver of Subrogation, Reimbursement and Contribution. Notwithstanding anything to the contrary contained in this Guaranty, from and after the date hereof until payment to Lender in full of the Guaranteed Debt, Guarantor shall not, and shall not attempt to, enforce, collect or exercise any rights Guarantor may now or hereafter have under any agreement, at law or in equity (including, without limitation, any law subrogating the Guarantor to the rights of Lender) to assert any claim against or seek contribution, indemnification or any other form of reimbursement from Borrower or any other party liable for payment of any or all of the Guaranteed Debt for any payment made by Guarantor under or in connection with this Guaranty or otherwise. After payment to Lender in full of the Guaranteed Debt, Lender shall not contest the subrogation of Guarantor to the rights of Lender under the Security Documents, it being expressly agreed that Guarantor’s rights under such subrogation shall be and remain subordinate and inferior to the rights of Lender under the Security Documents until and unless all amounts due Lender by Borrower under the Security Documents shall be paid in full.

Waiver of Subrogation, Reimbursement and Contribution. Notwithstanding anything to the contrary contained in this Guaranty, from and after the date hereof until payment to Lender in full of the Guaranteed Debt, Guarantor NGSG shall not, and shall not attempt to, enforce, collect or exercise any rights Guarantor NGSG may now or hereafter have under any agreement, at law or in equity (including, without limitation, any law subrogating the Guarantor NGSG to the rights of Lender) to assert any claim against or seek contribution, indemnification or any other form of reimbursement from Borrower SCS or any other party liable for payment of any or all of the Guaranteed Debt for any payment made by Guarantor NGSG under or in connection with this Guaranty or otherwise. After payment to Lender in full of the Guaranteed Debt, Lender shall not contest the subrogation of Guarantor NGSG to the rights of Lender under the Security Documents, it being expressly agreed that GuarantorNGSG’s rights under such subrogation shall be and remain subordinate and inferior to the rights of Lender under the Security Documents until and unless all amounts due Lender by Borrower SCS under the Security Documents shall be paid in full.