Common use of Notices by a Subsidiary Guarantor Clause in Contracts

Notices by a Subsidiary Guarantor. Each Subsidiary Guarantor shall promptly notify the Trustee, each Paying Agent and the Representative of any facts known to such Subsidiary Guarantor that would cause a payment on the Subordinated Debt to violate this Article, but failure to give such notice shall not affect the subordination provided in this Article of any Subsidiary Guarantee to holders of Senior Indebtedness of such Subsidiary Guarantor. Without limiting the foregoing, if payment of the Securities is accelerated because of an Event of Default, the Subsidiary Guarantors shall promptly notify the Representative of the acceleration.

Notices by a Subsidiary Guarantor. Each Subsidiary Guarantor shall promptly notify the Trustee, each Paying Agent and the Representative Principal Subsidiary Indebtedness Agent of any facts known to such Subsidiary Guarantor that would cause a payment on the Subordinated Debt Guaranty Payment to violate this Article, but failure to give such notice shall not affect the subordination provided in this Article of any Subsidiary Guarantee to holders of Subsidiary Guarantor Senior Indebtedness of such Subsidiary Guarantor. Without limiting the foregoing, if payment of the Securities is accelerated because of an Event of Default, the Subsidiary Guarantors shall promptly notify the Representative of the accelerationIndebtedness.