Contribution; Subrogation. No Obligor shall exercise any rights of contribution or subrogation with respect to any other Obligor as a result of payments made by it hereunder, in each case unless and until (i) the Total Commitment and all Letters of Credit have been terminated and (ii) all of the Secured Obligations have been paid in full in cash; provided that so long as no Event of Default exists (it being understood solely for this purposes an Event of Default will not exist if any Obligor makes the full payment owing by another Obligor), the foregoing shall not restrict the right of any Obligor to request reimbursement from any other Obligor in respect of payments made by it hereunder in respect of such other Obligor’s obligations hereunder or the right of such other Obligor to repay the party requesting repayment.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Toys R Us Inc), Syndicated Facility Agreement (Toys R Us Inc)