Common use of Assignment of Guarantee Clause in Contracts

Assignment of Guarantee. As and to the extent provided in the Trust Indenture, the Lessor will assign, and create a security interest in, certain of its rights hereunder to and for the benefit of the Indenture Trustee. From and after the execution and delivery of the Trust Indenture, and until receipt by the Guarantor of a written notice from the Indenture Trustee to the effect that the Trust Indenture has been fully satisfied and discharged, no remedy or election hereunder may be exercised by the Lessor or consent given by the Lessor, except by or with the prior written consent of the Indenture Trustee, and the Guarantor will make payment of all amounts hereunder that are assigned to the Indenture Trustee directly to the Indenture Trustee, and such payments shall discharge the obligations of the Guarantor to the Lessor to the extent of such payments.

Assignment of Guarantee. As and to the extent provided in the Trust Indenture, the Lessor will assign, and create a security interest in, certain of its rights hereunder to and for the benefit of the Indenture Trustee. From and after the execution and delivery of the Trust Indenture, and until receipt by the Guarantor of a written notice from the Indenture Trustee to the effect that the Trust Indenture has been fully satisfied and discharged, no remedy or election hereunder may be exercised by the Lessor or consent given by the Lessor, except by or with the prior written consent of the Indenture Trustee, and the Guarantor will make payment of all amounts hereunder that are assigned to the Indenture Trustee directly to the Indenture Trustee, and the Guarantor will make payment of all amounts hereunder that are assigned to the Indenture Trustee directly to the Indenture Trustee, and such payments shall discharge the obligations of the Guarantor to the Lessor to the extent of such payments.

Assignment of Guarantee. As and to the extent provided in the Trust IndentureTrustIndenture, the Lessor will assign, and create a security interest in, certain of its rights hereunder to and for the benefit of the Indenture Trustee. From and after the execution and delivery of the Trust Indenture, and until receipt by the Guarantor of a written notice from the Indenture Trustee to the effect that the Trust Indenture has been fully satisfied and discharged, no remedy or election hereunder may be exercised by the Lessor or consent given by the Lessor, except by or with the prior written consent of the Indenture Trustee, and the Guarantor will make payment of all amounts hereunder that are assigned to the Indenture Trustee directly to the Indenture Trustee, and such payments shall discharge the obligations of the Guarantor to the Lessor to the extent of such payments.

Assignment of Guarantee. As and to the extent provided in the Trust Indenture, the Lessor will assign, and create a security interest in, certain of its rights hereunder to and for the benefit of the Indenture Trustee. From and after the execution and delivery of the Trust Indenture, and until receipt by the Guarantor of a written notice from the Indenture Trustee to the effect that the Trust Indenture has been fully satisfied and discharged, no remedy or election hereunder may be exercised by the Lessor or consent given by the Lessor, except by or with the prior written consent of the Indenture Trustee, and the Guarantor will make payment of all amounts hereunder that are assigned to the Indenture Trustee directly to the Indenture Trustee, Trustee and such payments shall discharge the obligations of the Guarantor to the Lessor to the extent of such payments.