Subrogation Clause Example with 11 Variations from Business Contracts

This page contains Subrogation clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Subrogation. The Guarantor shall not exercise any right of subrogation, contribution, indemnity, reimbursement or similar rights with respect to any payments it makes under this Guaranty until all of the Guaranteed Obligations and any amounts payable under this Guaranty have been indefeasibly paid in cash and performed in full and any commitments of the Lender or facilities provided by the Lender with respect to the Guaranteed Obligations are terminated. If any amounts are paid to the Guarantor in violation ...of the foregoing limitation, then such amounts shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Administrative Agent, for the benefit of the Secured Parties to reduce the amount of the Guaranteed Obligations, whether matured or unmatured. View More
Found in Hannon Armstrong Sustainable Infrastructure Capital, Inc. contract

Variations of a "Subrogation" Clause from Business Contracts

Subrogation. The Each Guarantor shall not exercise any right of subrogation, contribution, indemnity, reimbursement or similar rights with respect to any payments it makes under this Guaranty until all of the Guaranteed Obligations and any amounts payable under this Guaranty have been indefeasibly paid in cash and performed in full and any commitments of the Lender Parties or facilities provided by the Lender Parties with respect to the Guaranteed Obligations are terminated. If any amounts are paid to the an...y Guarantor in violation of the foregoing limitation, then such amounts shall be held in trust for the benefit of the Secured Lender Parties and shall forthwith be paid to the Administrative Agent, Agent for the benefit of the Secured Lender Parties to reduce the amount of the Guaranteed Obligations, whether matured or unmatured. View More
Found in ROWAN COMPANIES PLC contract