No Rights of Subrogation Clause Samples

No Rights of Subrogation agrees that no payment or distribution to Lender with respect to the Junior Indebtedness shall entitle to exercise any rights of subrogation, contribution, reimbursement or indemnity in respect thereof until after Final Satisfaction.
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No Rights of Subrogation. The Company shall have no right of subrogation to any rights of recovery of the Indemnitee.
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No Rights of Subrogation. Plaintiffs represent and warrant that no person, entity, firm, corporation, or insurance company has received any rights of subrogation, or substitution to the claims made, or which could have been asserted by Plaintiffs in the Actions, and that there are no liens, voluntary, involuntary, statutory, or otherwise, relating to Plaintiffs’ Claims in the Actions, or this Agreement. Defendants and Lightning represent and warrant that no person, entity, firm, corporation, or insurance company has received any rights of subrogation, or substitution to the claims, if any, which could have been asserted by Defendants and/or Lightning in the Actions, and that there are no liens, voluntary, involuntary, statutory, or otherwise relating to such claims or this Agreement.
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No Rights of Subrogation. Each Junior Lien Holder agrees that no payment or distribution to the Senior Lien Holders pursuant to the provisions of this Subordination Agreement shall entitle any Junior Lien Holder to exercise rights of subrogation, if any, until the Final Insurance Termination Date. Nothing contained in this Subordination Agreement shall constitute an assignment by any party to another. Nothing contained in this Subordination Agreement is intended to or shall excuse or alter, as between Borrower and each Junior Lien Holder, any of the obligations of Borrower to each Junior Lien Holder, or to affect the relative rights against Borrower of each Junior Lien Holder and creditors of Borrower other than the rights of the Senior Lien Holders and FSA and the Noteholders and Certificateholders and each Junior Lien Holder as between them. Each Junior Lien Holder, each Issuer and Borrower agrees to and hereby does expressly waive to the fullest extent permitted under applicable law any and all rights, whether at law or in equity, (a) except as expressly required of FSA pursuant to Section 8.14 of the RCCA Agreement, to request or compel the Senior Lien Holders, FSA or the Noteholders or Certificateholders to give notice to any Junior Lien Holder of any action taken (or not taken) by the Senior Lien Holders, FSA or the Noteholders or Certificateholders with respect to the Borrower Collateral, the Senior Secured Obligations or otherwise under the Underlying Transaction Documents the RCCA Agreement or this Subordination Agreement; (b) to request or compel marshaling with respect to the Borrower Collateral held for the Senior Secured Obligations; or (c) to challenge the validity, enforceability or first priority of the Senior Lien Holders' and FSA's claims and liens or the exercise of any rights or remedies by the Senior Lien Holders, FSA or the Noteholders or Certificateholders pursuant to the Underlying Transaction Documents, the RCCA Agreement or this Subordination Agreement.
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No Rights of Subrogation. Nothing in this Agreement, whether express or implied, is intended to give any Person any right of subrogation against any party to this Agreement.
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No Rights of Subrogation. Indemnification hereunder and under the Bylaws shall be a personal right and the Corporation shall have no liability under this Article 5 to any insurer or any person, corporation, partnership, association, trust or other entity (other than the heirs, executors or administrators of such person) by reason of subrogation, assignment or succession by any other means to the claim of any person to indemnification hereunder or under the Corporation’s Bylaws.
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No Rights of Subrogation. No payment or distribution to the Senior Agent or any Senior Lender shall entitle the Offtaker to exercise any right of subrogation until the Senior Obligations shall have been paid in full.
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Related to No Rights of Subrogation

  • Rights of Subrogation No Loan Guarantor will assert any right, claim or cause of action, including, without limitation, a claim of subrogation, contribution or indemnification that it has against any Obligated Party, or any collateral, until the Loan Parties and the Loan Guarantors have fully performed all their obligations to the Administrative Agent, the Issuing Bank and the Lenders.

  • ▇▇▇▇▇▇ OF SUBROGATION Vendor waives and must require (by endorsement or otherwise) all its insurers to waive subrogation rights against Sourcewell and other additional insureds for losses paid under the insurance policies required by this Contract or other insurance applicable to the Vendor or its subcontractors. The waiver must apply to all deductibles and/or self-insured retentions applicable to the required or any other insurance maintained by the Vendor or its subcontractors. Where permitted by law, Vendor must require similar written express waivers of subrogation and insurance clauses from each of its subcontractors.

  • Waiver of Rights of Subrogation Notwithstanding anything to the contrary elsewhere contained herein or in any other Loan Document to which Guarantor is a party, Guarantor hereby expressly waives with respect to Borrower and its successors and assigns (including any surety) and any other Person which is directly or indirectly a creditor of Borrower or any surety for Borrower, any and all rights at law or in equity to subrogation, to reimbursement, to exoneration, to contribution (except as specifically provided in Section 11 below), to setoff or to any other rights that could accrue to a surety against a principal, to a guarantor against a maker or obligor, to an accommodation party against the party accommodated, or to a holder or transferee against a maker, and which Guarantor may have or hereafter acquire against Borrower or any other such Person in connection with or as a result of Guarantor's execution, delivery and/or performance of this Guaranty or any other Loan Document to which Guarantor is a party. Guarantor agrees that it shall not have or assert any such rights against Borrower or its successors and assigns or any other Person (including any surety) which is directly or indirectly a creditor of Borrower or any surety for Borrower, either directly or as an attempted setoff to any action commenced against Guarantor by Borrower (as a Borrower or in any other capacity), Beneficiary or any other such Person. Guarantor hereby acknowledges and agrees that this waiver is intended to benefit Borrower and Beneficiary and shall not limit or otherwise affect Guarantor's liability hereunder, under any other Loan Document to which Guarantor is a party, or the enforceability hereof or thereof.

  • Our Right of Subrogation and/or Reimbursement Subrogation

  • Waivers of Subrogation To the fullest extent permitted by law, the Contractor hereby waives its rights and its insurer(s)’ rights of recovery against County under all the Required Insurance for any loss arising from or relating to this Contract. The Contractor shall require its insurers to execute any waiver of subrogation endorsements which may be necessary to effect such waiver.