Deferral of Guarantors’ rights. Until all amounts which may be or become payable by the Guarantors under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent otherwise directs, no Guarantor will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents: (a) to be indemnified by the other Guarantor; or (b) to claim any contribution from the other Guarantor in relation to any payment made by it under the Finance Documents.
Appears in 7 contracts
Samples: Term and Accordion Facilities Agreement (Ardmore Shipping Corp), Loan Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)
Deferral of Guarantors’ rights. Until all amounts which may be or become payable by the Guarantors Credit Parties under or in connection with the Finance Credit Documents have been irrevocably paid in full and unless the Facility Agent otherwise directs, no the Guarantor will not exercise any rights which it may have by reason of performance by it of its obligations under the Finance DocumentsCredit Documents or by reason of any amount being payable, or liability arising, under this Section 15:
(a) to be indemnified by the other Guarantor; or
(b) to claim any contribution from the other Guarantor in relation to any payment made by it under the Finance Documents.
Appears in 4 contracts
Samples: Loan Agreement (NCL CORP Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (NCL CORP Ltd.)
Deferral of Guarantors’ rights. Until all amounts which may be or become payable by the Guarantors a Borrower under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent (acting on the instructions of the Majority Lenders) otherwise directs, no Guarantor will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
(a) to be indemnified by the other Guarantor; ora Borrower;
(b) to claim any contribution from the any other Guarantor in relation to guarantor of any payment made by it Borrower’s obligations under the Finance Documents.; and/or
Appears in 1 contract
Deferral of Guarantors’ rights. 19.8.1 Until all amounts which may be or become payable by the Guarantors Obligors under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent or the Security Trustee otherwise directs, no Guarantor will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
Documents or by reason of any amount being payable, or liability arising, under this Clause 19 (a) to be indemnified by the other Guarantor; or
(b) to claim any contribution from the other Guarantor in relation to any payment made by it under the Finance Documents.Guarantee and indemnity):
Appears in 1 contract
Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp)
Deferral of Guarantors’ rights. Until all amounts which may be or become payable by the Guarantors Obligors under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent otherwise directs, no Guarantor will exercise any rights which it may have by reason of performance by it of its obligations under the Finance DocumentsDocuments or by reason of any amount being payable, or liability arising, under this clause 20:
(a) to be indemnified by the other Guarantor; or
(b) to claim any contribution from the other Guarantor in relation to any payment made by it under the Finance Documents.
Appears in 1 contract
Samples: Amendment and Restatement Agreement
Deferral of Guarantors’ rights. Until all amounts which may be or become payable by the Guarantors under or in connection with the Finance Documents Guaranteed Obligations have been irrevocably paid and performed in full and unless the Facility Agent otherwise directs, no Guarantor each of the Guarantors will not exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
(a) to be indemnified by the other Guarantor; or
(b) to claim any contribution from the other Guarantor in relation to any payment made by it under the Finance Documents.
Appears in 1 contract
Deferral of Guarantors’ rights. Until all amounts which may be or become payable by the Guarantors Obligors under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent otherwise directs, no Execution version Guarantor will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
(a) 20.7.1 to be indemnified by the other Guarantor; oran Obligor;
(b) 20.7.2 to claim any contribution from the any other Guarantor in relation to guarantor of any payment made by it Obligor’s obligations under the Finance Documents.; and/or
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Mercer International Inc.)
Deferral of Guarantors’ rights. Until all amounts which may be or become payable by the Guarantors Obligors under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent otherwise directs, no Guarantor will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
(a) Documents or by reason of any amount being payable, or liability arising, under this Clause 17: 135. to be indemnified by the other Guarantor; or
(b) to claim any contribution from the other Guarantor in relation to any payment made by it under the Finance Documents.an Obligor;
Appears in 1 contract
Deferral of Guarantors’ rights. Until all amounts which may be or become payable by the Guarantors Obligors under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent otherwise directs, no Guarantor will exercise any rights which it may have by reason of performance by it of its obligations under the Finance DocumentsDocuments or by reason of any amount being payable, or liability arising under this clause 25:
(a) to be indemnified by the other Guarantor; or
(b) to claim any contribution from the other Guarantor in relation to any payment made by it under the Finance Documents.
Appears in 1 contract
Samples: Loan Agreement (Kosmos Energy Ltd.)
Deferral of Guarantors’ rights. Until all amounts which may be or become payable by the Guarantors Obligors under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent Lender otherwise directs, no Guarantor will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
(a) Documents or by reason of any amount being payable, or liability arising, under this Clause 18: 18.8.1 to be indemnified by the other Guarantor; or
(b) to claim any contribution from the other Guarantor in relation to any payment made by it under the Finance Documents.an Obligor;
Appears in 1 contract
Samples: Facilities Agreement
Deferral of Guarantors’ rights. Until all amounts which may be or become payable by the Guarantors a Borrower under or in connection with the Finance Documents have been irrevocably paid in full and unless the Facility Agent (acting on the instructions of the Majority Lenders) otherwise directs, no Guarantor will exercise any rights which it may have by reason of performance by it of its obligations under the Finance Documents:
(a) to be indemnified by the other Guarantor; ora Borrower;
(b) to claim any contribution from the any other Guarantor in relation to guarantor of any payment made by it Borrower’s obligations under the Finance Documents.; and/or
Appears in 1 contract
