Common use of Deferral of Guarantors’ rights Clause in Contracts

Deferral of Guarantors’ rights. All rights which the Guarantors at any time have (whether in respect of this guarantee, a mortgage or any other transaction) against any Borrower, any other Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors will not exercise any rights which they may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors of their obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – Guarantors):

Deferral of Guarantors’ rights. All rights which the Guarantors any Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any the Borrower, any other Obligor or their respective assets shall be fully subordinated to the rights of the Secured Finance Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors each Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 16 (Guarantee and Indemnity – GuarantorsSubsidiaries):

Deferral of Guarantors’ rights. All rights which the Guarantors Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any either Borrower, any other Transaction Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – GuarantorsIndemnity):

Deferral of Guarantors’ rights. All rights which the Guarantors either Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any the Borrower, any other Transaction Obligor or their respective assets shall be fully subordinated to the rights of the Secured Creditor Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors neither Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – GuarantorsIndemnity):

Deferral of Guarantors’ rights. All rights which the Guarantors Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any the Borrower, any other Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – GuarantorsIndemnity):

Deferral of Guarantors’ rights. All rights which the Guarantors have at any time have (whether in respect of this guarantee, a mortgage or any other transaction) against any Borrower, any other Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until all amounts which may be or become payable by the end of Obligors under or in connection with the Security Period Finance Documents have been irrevocably paid in full and unless the Facility Agent otherwise directs, the Guarantors will not exercise any rights which they either of them may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – Guarantors):18:

Deferral of Guarantors’ rights. All rights which the Guarantors Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any Borrower, any other Obligor the Borrower or their its respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – GuarantorsIndemnity):

Deferral of Guarantors’ rights. All rights which the Guarantors Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any Borrowerthe Borrowers, any other Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – GuarantorsIndemnity):

Deferral of Guarantors’ rights. All rights which the Guarantors a Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any the Borrower, any other Transaction Obligor or their respective assets shall be fully subordinated to the rights of the Secured Creditor Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors no Guarantor will not exercise any its rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – GuarantorsIndemnity):

Deferral of Guarantors’ rights. All rights which the Guarantors a Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any the Borrower, any other Obligor Loan Party or their respective assets shall be fully subordinated to the rights of the Secured Parties Creditors under the Finance Loan Documents and until all obligations under the end of the Security Period Loan Documents are paid in full and unless the Facility Agent otherwise directs, the Guarantors no Guarantor will not exercise any its rights which they it may have (whether in respect of any Finance Loan Document to which it is a Party party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Loan Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – Guarantors):Section 10:

Deferral of Guarantors’ rights. All rights which the Guarantors athe Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any the Borrower, any other Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors nothe Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – GuarantorsIndemnity):

Deferral of Guarantors’ rights. All rights which the Guarantors each Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any Borrowerthe Borrowers, any other Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors no Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – GuarantorsIndemnity):

Deferral of Guarantors’ rights. All rights which the Guarantors at any time have (whether in respect of this guarantee, a mortgage or any other transaction) against any Borrower, any other Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise ​ ​ directs, the Guarantors will not exercise any rights which they may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors of their obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 19 (Guarantee and Indemnity – — Guarantors):

Deferral of Guarantors’ rights. All rights which the Guarantors any Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any the Borrower, any other Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors no Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – GuarantorsIndemnity):

Deferral of Guarantors’ rights. All rights which the Guarantors a Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any the Borrower, any other Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors no Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 (Guarantee and Indemnity – GuarantorsIndemnity):

Deferral of Guarantors’ rights. All rights which the Guarantors Guarantor at any time have has (whether in respect of this guarantee, a mortgage or any other transaction) against any Borrower, any other Transaction Obligor or their respective assets shall be fully subordinated to the rights of the Secured Parties under the Finance Documents and until the end of the Security Period and unless the Facility Agent otherwise directs, the Guarantors Guarantor will not exercise any rights which they it may have (whether in respect of any Finance Document to which it is a Party or any other transaction) by reason of performance by the Guarantors it of their its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 17 18 (Guarantee and Indemnity – GuarantorsGuarantor):