Common use of Indemnity and Subrogation Clause in Contracts

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable law (but subject to Section 3.03) in respect of any payment hereunder, each of the Parent and the Borrower agrees that in the event a payment in respect of any Guaranteed Obligation shall be made by any Subsidiary Guarantor under this Agreement, the Parent and the Borrower shall indemnify such Subsidiary Guarantor the full amount of such payment and such Subsidiary Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment.

Appears in 2 contracts

Sources: Guarantee Agreement (Noble Midstream Partners LP), Guarantee Agreement (Noble Midstream Partners LP)

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable law (but subject to Section 3.03) in respect of any payment hereunder), each of the Parent and the Borrower Guarantor agrees that in the event a payment in respect of any Guaranteed Obligation shall be made by any Subsidiary Guarantor (other than such Guarantor, if such Obligation is of such Guarantor) under this Agreement, the Parent and the Borrower such Guarantor shall indemnify such Subsidiary other Guarantor for the full amount of such payment and such Subsidiary Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment.

Appears in 2 contracts

Sources: 364 Day Bridge Credit Agreement (Aspen Technology Inc /De/), Guarantee Agreement (Orbotech LTD)

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 3.032.3) in respect of any payment hereunder, each of the Parent and the Borrower agrees that in the event a payment in respect of any Guaranteed Obligation obligation of the Parent shall be made by any Subsidiary Guarantor under this Agreement, the Parent and the Borrower shall indemnify such Subsidiary Guarantor for the full amount of such payment and such Subsidiary Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment.

Appears in 2 contracts

Sources: Agreement to Provide Future Guarantee (Bally's Chicago, Inc.), Agreement to Provide Future Guarantee (Bally's Chicago, Inc.)

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable law (but subject to Section 3.03) in respect of any payment hereunder), each of the Parent and the Guarantor that is a Borrower agrees agrees, in its capacity as a Borrower, that in the event a payment in respect of any Guaranteed Obligation an obligation of such Guarantor shall be made by any Subsidiary other Guarantor under this Agreement, the Parent and the Borrower such Guarantor, in its capacity as a Borrower, shall indemnify such Subsidiary other Guarantor for the full amount of such payment and such Subsidiary other Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Sources: Guarantee Agreement (Usg Corp)

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable law (but subject to Section 3.03) in respect of any payment hereunder), each of the Parent and the Borrower Guarantor agrees that in the event a payment in respect of any Guaranteed Obligation shall be made by any Subsidiary other Guarantor (other than such Guarantor, if such Obligation is of such Guarantor) under this Agreement, the Parent and the Borrower each Guarantor shall indemnify such Subsidiary other Guarantor for the full amount of such payment and such Subsidiary Guarantor making such payment shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Mellanox Technologies, Ltd.)

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable law (but subject to Section 3.03) in respect of any payment hereunder9), the Company and each of the Parent and the other Borrower agrees that in the event a payment in respect of any Guaranteed Obligation shall be made by any Subsidiary Guarantor under this AgreementAgreement in respect of any Obligation of any Borrower, the Parent Company and the Borrower such Borrower, shall indemnify such Subsidiary Guarantor for the full amount of such payment and and, until such Subsidiary indemnification obligation shall have been satisfied, such Guarantor shall be subrogated to the rights of the Person person to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Sources: Credit Facility Agreement (ITT Corp)

Indemnity and Subrogation. In addition addi tion to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 3.03) in respect of any payment hereunder3), each of the Parent and the Borrower agrees agree that in the event a payment in respect of any Guaranteed Obligation of the Borrower shall be made by any Subsidiary Guarantor under this the Guarantee Agreement, the Parent and the Borrower shall indemnify such Subsidiary Guarantor for the full amount of such payment and such Subsidiary Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Winstar Communications Inc)

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 3.03) in respect of any payment hereunder6(c)), each of the Parent and the Borrower agrees that (i) in the event a payment in respect of any Guaranteed Obligation shall be made by any Subsidiary Guarantor under this AgreementGuaranty in respect of any Guaranteed Obligation of the Borrower, the Parent and the Borrower shall indemnify such Subsidiary Guarantor for the full amount of such payment and such Subsidiary Guarantor shall be subrogated to the rights of the Person person to whom such payment shall have been made to the extent of such payment.payment and

Appears in 1 contract

Sources: Subsidiary Guarantee Agreement (DS Services of America, Inc.)