Common use of Remedies Subrogation Clause in Contracts

Remedies Subrogation. (a) In the event the Guarantor shall fail to pay immediately any amounts due under this Guaranty, or to comply with any other term of this Guaranty within three Business Days of the date of demand therefor, each Beneficiary shall be entitled to all rights and remedies to which it may be entitled hereunder or at law, in equity or by statute.

Appears in 3 contracts

Samples: Participation Agreement (Southwest Airlines Co), Participation Agreement (Southwest Airlines Co), Guaranty Agreement (Federal Express Corp)

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Remedies Subrogation. (a) In the event the Owner Participant Guarantor shall fail to pay immediately any amounts due under this Guaranty, Guaranty or to comply with any other term of this Guaranty within three Business Days of the date of demand thereforGuaranty, each Beneficiary shall be entitled to all rights and remedies to which it may be entitled hereunder or at law, in equity or by statute.

Appears in 1 contract

Samples: Guaranty Agreement (Federal Express Corp)

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