Subrogation Clause Example from Business Contracts

Subrogation. Upon making any payment under this Guaranty, Guarantor shall be subrogated to the rights of Buyer against Seller and any collateral for any Obligations with respect to such payment; provided, that Guarantor shall not seek to enforce any right or receive any payment by way of subrogation until all amounts due and payable by Seller to Buyer under the Transaction Documents or any related documents have been paid in full; and provided, further, that such subrogation rights shall be subordinate in al...l respects to all amounts owing to Buyer under the Transaction Documents. View More