Common use of Waiver of Subrogation and Contribution Rights Clause in Contracts

Waiver of Subrogation and Contribution Rights. Until the Guaranteed Obligations have been irrevocably paid in full and have been terminated, GMS shall not enforce or otherwise exercise any right of subrogation to any of the rights of the Agent or any Purchaser or any part of them against the Loan Parties or any right of reimbursement or contribution or similar right against the Loan Parties by reason of this Guaranty or by any payment made in respect of the Guaranteed Obligations.

Appears in 3 contracts

Sources: Guaranty (Mirion Technologies, Inc.), Guaranty (Mirion Technologies, Inc.), Guaranty (Mirion Technologies, Inc.)