or
subrogation available to such Guarantor against any person liable for payment of
the indebtedness hereby guaranteed, or as to any security therefor, unless and
until the full amount owing to the Guaranteed Creditors of the indebtedness
hereby guaranteed has been fully paid and satisfied and each of the commitments
by the Guaranteed Creditors to extend any credit to or for the account of any
Borrower that, when made, would constitute indebtedness hereby guaranteed shall
have expired or otherwise terminated. If any amounts are paid to any Guarantor
in violation of the foregoing limitation, then such amounts shall be held in
trust for the benefit of the Guaranteed Creditors and shall forthwith be paid to
the Guaranteed Creditors to reduce the amount of the indebtedness hereby
guaranteed, whether matured or unmatured. The payment by any Guarantor of any
amount or amounts to the Guaranteed Creditors pursuant hereto shall not in any
way entitle any such Guarantor, either at law, in equity or otherwise, to any
right, title or interest (whether by way of subrogation or otherwise) in and to
the indebtedness hereby guaranteed or any part thereof or any collateral
security therefor or any other rights or remedies in any way relating thereto or
in and to any amounts theretofore, then or thereafter paid or applicable to the
payment thereof howsoever such payment may be made and from whatsoever source
such payment may be derived unless and until all of the indebtedness hereby
guaranteed and all costs and expenses suffered or incurred by the Guaranteed
Creditors in enforcing this Guaranty have been paid and satisfied in full and
each of the commitments by the Guaranteed Creditors to extend any credit to or
for the account of any Obligor that, when made, would constitute indebtedness
hereby guaranteed shall have expired or otherwise terminated and unless and
until such
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payment in full and termination, any payments made by any Guarantor hereunder
and any other payments from whatsoever source derived on account of or
applicable to the indebtedness hereby guaranteed or any part thereof shall be
held and taken to be merely payments in gross to the Guaranteed Creditors
reducing pro tanto the indebtedness hereby guaranteed.
5. Each Guarantor hereby subordinates the payment of all obligations and
indebtedness of any Obligor owing to such Guarantor, whether now existing or
hereafter arising, including but not limited to any obligation of such Obligor
to a Guarantor as subrogee of the Guaranteed Creditors or resulting from any
Guarantor's performance under this Guaranty, to the payment in full in cash of
all indebtedness hereby guaranteed. If the Guaranteed Creditors so request, any
such obligation or indebtedness of any Obligor to a Guarantor shall be enforced
and performance received by such Guarantor as trustee for the Guaranteed
Creditors and the proceeds thereof shall be paid over to the Guaranteed
Creditors on account of the indebtedness hereby guaranteed, but without reducing
or affecting in any manner the liability of any Guarantor under this Guaranty.
6. Each Guaranteed