Common use of Deferral of Debtors’ Rights Clause in Contracts

Deferral of Debtors’ Rights. Until all amounts which may be or become payable by the Debtors under or in connection with the Hedging Agreements have been irrevocably paid in full and unless the Security Agent otherwise directs, no Debtor will exercise any rights which it may have by reason of performance by it of its obligations under the Hedging Agreements or by reason of any amount being payable, or liability arising, under this Clause 5 (Guarantee and Indemnity to Hedge Counterparties):

Deferral of Debtors’ Rights. Until all amounts which may be or become payable by the Debtors Hedging Debtor under or in connection with the Relevant Hedging Agreements have been irrevocably paid in full and unless the Common Security Agent otherwise directs, no Debtor will exercise any rights which it may have by reason of performance by it of its obligations under the Relevant Hedging Agreements or by reason of any amount being payable, or liability arising, under this Clause 5 (Guarantee and Indemnity to Hedge Counterparties):Schedule 5: