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 pursuant its 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 its 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 11 hereof.

Article 12 Not To Prevent Events of Default or Limit Right To Demand Payment. The failure of a Guarantor to make a payment pursuant on any of its Guarantee 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 its Guaranteesuch 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 hereof11.

Article 12 Not To Prevent Events of Default or Limit Right To Demand Payment. The failure of a Guarantor to make a payment pursuant its to a Subsidiary 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 its GuaranteeDefault. Nothing in this Article 12 shall have any effect on the right of the Holders Securityholders or the Trustee to make a demand for payment on a any Subsidiary Guarantor pursuant to Article 11 hereofits Subsidiary Guarantee.