Common use of Waiver by the Subsidiary Guarantors Clause in Contracts

Waiver by the Subsidiary Guarantors. Each Subsidiary Guarantor and JV Subsidiary Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the Company or any other Person. In particular, each of the Subsidiary Guarantors and JV Subsidiary Guarantors irrevocably waives its right to require the Trustee to pursue or exhaust the Trustee’s legal or equitable remedies against the Company prior to exercising the Trustee’s rights under the Subsidiary Guarantee and the JV Subsidiary Guarantees, as the case may be.