Deferral of the Guarantor's rights Sample Clauses

Deferral of the Guarantor's rights. Until all amounts which may be or become payable by the Borrowers under or in connection with the Finance Documents have been irrevocably paid in full and unless the Lender otherwise directs, the Guarantor will not exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
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Deferral of the Guarantor's rights. Until all amounts which may be or become payable by the Obligors under or in connection with the Secured Documents have been irrevocably paid in full and unless the Facility Agent (or, as the case may be, the Security Agent) otherwise directs, no Guarantor shall exercise any rights which it may have by reason of performance by it of its obligations under the Secured Documents or by reason of any amount being payable, or liability arising, under this Clause 19:
Deferral of the Guarantor's rights. Any claim which the Guarantor may have by way of contribution or indemnity arising from any payment hereunder, shall, prior to the full and irrevocable repayment of the Guaranteed Sums, be exercised by the Guarantor only if and to the extent that the Bank so requires and in such manner and upon such terms as the Bank may specify and the Guarantor shall hold any monies, rights or security held or received by it as a result of the exercise of any such rights on behalf of, and to the order of, the Bank for application in accordance with the terms of this Deed of Guarantee and Indemnity as if such monies, rights or security were held or received by the Bank under this Deed of Guarantee and Indemnity.
Deferral of the Guarantor's rights. Until the Guaranteed Liabilities have been irrevocably paid and satisfied in full and unless the Trustee otherwise directs, the Guarantor will not exercise any rights which it may have by reason of performance by it of its obligations under this Deed or by reason of any amount being payable, or liability arising under this Deed:

Related to Deferral of the Guarantor's rights

  • Release of Guarantors’ right of contribution If any Guarantor (a “Retiring Guarantor”) ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purpose of any sale or other disposal of that Retiring Guarantor then on the date such Retiring Guarantor ceases to be a Guarantor:

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