Subrogation
Subrogation. Upon payment of the Guaranteed Obligations to FLIC in full, the Guarantor shall be subrogated to the rights of FLIC against the Original Obligors with respect to the Guaranteed Obligations, and FLIC agrees to take at the Guarantor's expense such steps as the Guarantor may reasonably request to implement such subrogation.
All Definitions
Found in
Hill-Rom Holdings Inc. contract