Common use of Obligations of Guarantor Unconditional Clause in Contracts

Obligations of Guarantor Unconditional. (a) Nothing contained in this Article Sixteen or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Guarantors and the Holders, the obligation of such Guarantors, which is absolute and unconditional, to pay to the Holders all obligations arising under the Securities Guarantees as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Guarantors other than the holders of the Guarantor Senior Debt, nor shall anything herein or therein prevent the Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Sixteen of the holders of the Guarantor Senior Debt.

Obligations of Guarantor Unconditional. (a) Nothing contained in this Article Sixteen 15 or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Guarantors a Guarantor and the Holders, the obligation of such GuarantorsGuarantor, which is absolute and unconditional, to pay to fulfill its Obligations on the Holders all obligations arising under the Securities Guarantees Note Guarantee 110 as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Guarantors such Guarantor other than the holders of the such Guarantor Senior DebtIndebtedness, nor shall anything herein or therein prevent the Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Sixteen 15 of the holders of the such Guarantor Senior DebtIndebtedness.

Obligations of Guarantor Unconditional. (a) Nothing contained in this Article Sixteen Twelve or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Guarantors and the Holders, the obligation of such Guarantors, which is absolute and unconditional, to pay to the Holders all obligations arising under the Securities Note Guarantees as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Guarantors other than the holders of the Guarantor Senior DebtIndebtedness, nor shall anything herein or therein prevent the Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Sixteen Twelve of the holders of the Guarantor Senior DebtIndebtedness.

Obligations of Guarantor Unconditional. (a) Nothing contained in this Article Sixteen Eleven or elsewhere in this Indenture or in the Securities Notes is intended to or shall impair, as among the Guarantors Guarantor and the Holders, the obligation of such Guarantorsthe Guarantor, which is absolute and unconditional, to pay to the Holders all obligations arising under the Securities Guarantees principal of, premium, if any, and interest on the Notes in accordance with the Parent Guarantee as and when the same shall become due and payable in accordance with their termsthe terms of the Parent Guarantee, or is intended to or shall affect the relative rights of the Holders and the respective creditors of the Guarantors Guarantor, other than the holders of the Guarantor Senior DebtIndebtedness, nor shall anything herein or therein prevent the Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Sixteen Eleven of the holders of the Guarantor Senior DebtIndebtedness.