Common use of Rights Under the Guarantee Clause in Contracts

Rights Under the Guarantee. (a) No payment by any Guarantor pursuant to the provisions hereof to the Trustee shall entitle such Guarantor to any payment out of any Collateral held by the Trustee under the Indenture or any Security Documents.

Appears in 2 contracts

Samples: Indenture (Transtexas Gas Corp), Indenture (Transtexas Gas Corp)

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Rights Under the Guarantee. (a) No payment by any Guarantor pursuant to the provisions hereof to the Trustee shall entitle such Guarantor to any payment out of any Collateral held by the Trustee under the this Indenture or any Security Documents.

Appears in 2 contracts

Samples: Indenture (Transtexas Gas Corp), Indenture (Transtexas Gas Corp)

Rights Under the Guarantee. (a) No payment by any the Guarantor pursuant to the provisions hereof to the Trustee shall entitle such the Guarantor to any payment out of any Collateral held by or give rise to any claim of the Guarantor against the Trustee under the Indenture or any Security DocumentsHolder.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Centrus Energy Corp)

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Rights Under the Guarantee. (a) No payment by any Guarantor pursuant to the provisions hereof to the Trustee shall entitle such Guarantor to any payment out of any Collateral held by the Trustee under the this Indenture or any Security Collateral Documents.

Appears in 1 contract

Samples: Indenture (MGM Grand Inc)

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