Common use of Indemnity and Subrogation Clause in Contracts

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Grantors may have under applicable law (but subject to Section 5.03), the Borrower agrees that in the event any assets of any Grantor shall be sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part an obligation owed to any Secured Party, the Borrower shall indemnify such Grantor in an amount equal to the greater of the book value or the fair market value of the assets so sold.

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Grantors may have under applicable law (but in each case subject to Section 5.036.03 and Section 11.01(d) of the Indenture), the Borrower Company agrees that in the event any assets of any Grantor shall be sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part an obligation any Obligation owed to any Secured Party, the Borrower Company shall indemnify such Grantor in an amount equal to the greater of the book value or the fair market value of the assets so sold.

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Grantors may have under the applicable law (but subject to Section 5.03)Credit Document, the Borrower agrees Borrowers and the Issuers agree that in the event any assets of any Grantor shall be sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part an obligation owed to a claim of any Secured Party, the Borrower Borrowers and the Issuers shall indemnify such Grantor in an amount equal to the greater of the book value or the fair market value of the assets so sold.

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Grantors may have under applicable law (but subject to Section 5.03), the Borrower agrees that in the event any assets of Holdings or any Subsidiary Grantor shall be sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part an obligation owed to a claim of any Secured Party, the Borrower shall indemnify Holdings or such Grantor Subsidiary Grantor, as applicable, in an amount equal to the greater of the book value or the fair market value of the assets so sold.

Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Grantors may have under applicable law (but subject to Section 5.037.03), the Borrower Company agrees that in the event any assets of any Grantor shall be sold pursuant to this Agreement or any other Security Noteholder Document to satisfy in whole or in part an obligation owed to any Secured PartyObligation of the Company, the Borrower Company shall indemnify such Grantor in an amount equal to the greater of the book value or the fair market value of the assets so sold.