No Right of Subrogation. Notwithstanding any payment made by Guarantor hereunder, Guarantor shall not be entitled to be subrogated to any of the rights of Landlord against Tenant, nor shall Guarantor seek or be entitled to seek any contribution or reimbursement from Tenant in respect of payments made by Guarantor hereunder, until all of the Tenant Obligations shall have been paid and performed in full.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Douglas Dynamics, Inc), Lease Agreement (Douglas Dynamics, Inc)