Common use of Deferral of Guarantors’ rights Clause in Contracts

Deferral of Guarantors’ rights. (a) Until all amounts which may be or become payable by the Osprey Parties under or in connection with this Agreement (or under any other put/call options between the Purchaser and any Osprey Party in connection with investments relating to Xxxxxx PLC or any of its affiliates from time to time, each, a “Related Option Agreement”) have been irrevocably paid in full and unless the Purchaser otherwise directs, the Guarantor shall not exercise any rights which it may have by reason of performance by it of its obligations under this Agreement or by reason of any amount being payable, or liability arising, under this clause 5:

Appears in 7 contracts

Samples: Agreement (Osprey International LTD), Agreement (Osprey International LTD), Agreement (Osprey International LTD)

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