Common use of Article 12 Not To Prevent Events of Default or Limit Right To Demand Payment Clause in Contracts

Article 12 Not To Prevent Events of Default or Limit Right To Demand Payment. The failure of a Guarantor to make a payment on any of its obligations by reason of any provision in this Article 12 shall not be construed as preventing the occurrence of a default by such Guarantor under such obligations. Nothing in this Article 12 shall have any effect on the right of the Holders or the Trustee to make a demand for payment on a Guarantor pursuant to Article 11.

Article 12 Not To Prevent Events of Default or Limit Right To Demand Payment. The failure of a Guarantor to make a payment on any of pursuant its obligations Guarantee by reason of any provision in this Article 12 shall not be construed as preventing the occurrence of a default by such Guarantor under such obligationsits Guarantee. Nothing in this Article 12 shall have any effect on the right of the Holders or the Trustee to make a demand for payment on a Guarantor pursuant to Article 1111 hereof.