Common use of Waiver with Right of Subrogation, Etc Clause in Contracts

Waiver with Right of Subrogation, Etc. The Pledgors acknowledge that until all the Obligations shall have been indefeasibly paid in full, the Pledgors shall have no right (and hereby waive any such right) of subrogation, reimbursement, or indemnity whatsoever, in respect of any Pledgor and any Subsidiary of a Pledgor, arising out of remedies exercised by the Agent hereunder.

Appears in 4 contracts

Samples: Security Agreement (Security Devices International Inc.), Subsidiary Pledge Agreement (Nestor Inc), Security Agreement (Nestor Inc)

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Waiver with Right of Subrogation, Etc. The Pledgors acknowledge Pledgor acknowledges that until all the Senior Secured Obligations shall have been indefeasibly paid in full, the Pledgors Pledgor shall have no right (and or hereby waive waives any such right) of subrogation, reimbursement, or indemnity whatsoever, in respect of any Pledgor and any Subsidiary of a the Pledgor, arising out of remedies exercised by the Agent hereunder.

Appears in 1 contract

Samples: Security Agreement (Susquehanna Media Co)

Waiver with Right of Subrogation, Etc. The Pledgors acknowledge that until all the Secured Obligations shall have been indefeasibly paid in full, the Pledgors shall have no right (and hereby waive any such right) of subrogation, reimbursement, or indemnity whatsoever, in respect of any Pledgor and any Subsidiary of a Pledgor, arising out of remedies exercised by the Agent Trustee hereunder.

Appears in 1 contract

Samples: Security Agreement (Security Devices International Inc.)

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Waiver with Right of Subrogation, Etc. The Pledgors acknowledge Each Pledgor acknowledges that until all the Senior Secured Obligations shall have been indefeasibly paid in full, the Pledgors such Pledgor shall have no right (and or hereby waive waives any such right) of subrogation, reimbursement, or indemnity whatsoever, in respect of the Borrower or any Pledgor and any Subsidiary of a Pledgorits Subsidiaries, arising out of remedies exercised by the Agent hereunder.

Appears in 1 contract

Samples: Security Agreement (Susquehanna Media Co)

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