Common use of Rights Under the Guarantee Clause in Contracts

Rights Under the Guarantee. (a) No payment by the Note Guarantor pursuant to the provisions hereof shall entitle the Note Guarantor to any payment out of any Collateral or give rise to any claim of the Note Guarantor against the Trustee or any Holder.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Centrus Energy Corp), Security Agreement (United States Enrichment Corp), Usec Inc

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Rights Under the Guarantee. (a) No payment by the any Note Guarantor pursuant to the provisions hereof shall entitle the such Note Guarantor to any payment out of any Collateral or give rise to any claim of the Note Guarantor Guarantors against the Trustee or any Holder.

Appears in 1 contract

Samples: Indenture (Majestic Holdco, LLC)

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