Common use of Deferral of Guarantors’ rights Clause in Contracts

Deferral of Guarantors’ rights. Each of the Guarantors agrees that, so long as any amounts are or may be owed by an Obligor under any Finance Document or an Obligor is under any actual or contingent obligations under any Finance Document, it shall not exercise any rights which it may at any time have by reason of performance by it of its obligations under any Finance Document:

Deferral of Guarantors’ rights. Each of the Guarantors Guarantor agrees that, so long as any amounts are or may be owed by an Obligor under any the Finance Document Documents or an Obligor is under any actual or contingent obligations under any the Finance DocumentDocuments, it shall not exercise any rights which it may at any time have by reason of performance by it of its obligations under any the Finance DocumentDocuments:

Deferral of Guarantors’ rights. Each of the Guarantors agrees that, so long as any amounts are or may be owed by an Obligor the Borrower under any Finance Facility Document or an Obligor the Borrower is under any actual or contingent obligations under any Finance Document, Facility Document it shall not exercise any rights which it may at any time have by reason of the performance by it of its obligations under any Finance Documentthe Facility Documents:

Deferral of Guarantors’ rights. Each of the Guarantors Guarantor agrees that, so long as any amounts are or may be owed by an Obligor the Borrower under any the Finance Document Documents to which the Borrower is a party or an Obligor the Borrower is under any actual or contingent obligations under any such Finance DocumentDocuments, it each Guarantor shall not exercise any rights which it each Guarantor may at any time have by reason of performance by it of its obligations under any Finance Documenthereunder:

Deferral of Guarantors’ rights. Each of the Guarantors agrees that, so long as any amounts are or may be owed by an Obligor under any Finance Document or an Obligor is under any actual or contingent obligations under any Finance Documentthereunder, it shall not exercise any rights which it may at any time have by reason of performance by it of its obligations under any Finance Documentthereunder: