Common use of Subrogation and Similar Rights Clause in Contracts

Subrogation and Similar Rights. Each Borrower irrevocably waives all rights that it may have at law or in equity (including, without limitation, any law subrogating the Borrower to the rights of Lenders under the Loan Documents) to seek contribution, indemnification, or any other form of reimbursement from any other Borrower, or any other Person now or hereafter primarily or secondarily liable for any of the Obligations, for any payment made by the Borrower with respect to the Obligations in connection with the Loan Documents or otherwise and all rights that it might have to benefit from, or to participate in, any security for the Obligations as a result of any payment made by the Borrower with respect to the Obligations in connection with the Loan Documents or otherwise.

Appears in 1 contract

Sources: Loan and Security Agreement (Integrated Packaging Assembly Corp)

Subrogation and Similar Rights. Each Notwithstanding any other provision of this Agreement or any other Loan Document, each Borrower irrevocably waives all rights that it may have at law or in equity (including, without limitation, any law subrogating the Borrower Borrowers to the rights of Lenders Bank under the Loan Documents) to seek contribution, indemnification, or any other form of reimbursement from any other Borrower, or any other Person now or hereafter primarily or secondarily liable for any of the Obligations, for any payment made by the Borrower Borrowers with respect to the Obligations in connection with the Loan Documents or otherwise and all rights that it they might have to benefit from, or to participate in, any security for the Obligations as a result of any payment made by the Borrower Borrowers with respect to the Obligations in connection with the Loan Documents or otherwise.

Appears in 1 contract

Sources: Loan Agreement (Century Communities, Inc.)

Subrogation and Similar Rights. Each Notwithstanding any other provision of this Agreement or any other Loan Document, each Borrower irrevocably waives all rights that it may have at law or in equity (including, without limitation, any law subrogating the Borrower to the rights of Lenders Bank under the Loan Documents) to seek contribution, indemnification, or any other form of reimbursement from any other Borrower, or any other Person now or hereafter primarily or secondarily liable for any of the Obligations, for any payment made by the Borrower with respect to the Obligations in connection with the Loan Documents or otherwise and all rights that it might have to benefit from, or to participate in, any security for the Obligations as a result of any payment made by the Borrower with respect to the Obligations in connection with the Loan Documents or otherwise.with

Appears in 1 contract

Sources: Loan and Security Agreement (Virage Logic Corp)