Common use of Deferral of Guarantors’ rights Clause in Contracts

Deferral of Guarantors’ rights. The Guarantor agrees that, so long as any amounts are or may be owed by the Borrower under the Finance Documents or the Borrower is under any actual or contingent obligations under the Finance Documents, it shall not exercise any rights which it may at any time have by reason of performance by it of its obligations under the Finance Documents: 31.7.1 to be indemnified by the Borrower; and/or 31.7.2 to claim any contribution from any other guarantor of the Borrower’s obligations under the Finance Documents; and/or 31.7.3 to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Finance Parties under the Finance Documents or of any other security taken pursuant to, or in connection with, the Finance Documents by all or any of the Finance Parties.

Deferral of Guarantors’ rights. The Guarantor Each of the Guarantors agrees that, so long as any amounts are or may be owed by the Borrower an Obligor under the any Finance Documents Document or the Borrower an Obligor is under any actual or contingent obligations under the any Finance DocumentsDocument, it shall not exercise any rights which it may at any time have by reason of performance by it of its obligations under the any Finance DocumentsDocument: 31.7.1 22.7.1 to be indemnified by the Borroweran Obligor; and/or 31.7.2 22.7.2 to claim any contribution from any other guarantor of the Borrower’s any Obligor's obligations under the any Finance DocumentsDocument; and/or 31.7.3 22.7.3 to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Finance Parties under the any Finance Documents Document or of any other security taken pursuant to, or in connection with, the any Finance Documents Document by all or any of the Finance Parties.

Deferral of Guarantors’ rights. The Guarantor agrees that, so long as any Until all amounts are or which may be owed or become payable by the Borrower Obligors under or in connection with the Finance Documents or have been irrevocably paid in full and unless the Borrower is under any actual or contingent obligations under the Finance DocumentsFacility Agent otherwise directs, it shall not no Guarantor will exercise any rights which it may at any time have by reason of performance by it each of its obligations under the Finance Documents: 31.7.1 a. to be indemnified by the Borrower; and/oran Obligor and/or any Group Company; 31.7.2 b. to claim any contribution from any other guarantor of the Borrowerany Obligor’s and/or Group Company’s obligations under the Finance Documents; and/or; 31.7.3 c. to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Finance Parties under the Finance Documents or of any other guarantee or security taken pursuant to, or in connection with, the Finance Documents by all or any of the Finance PartiesParty; and/or d. to make any objection to pay on first demand.

Deferral of Guarantors’ rights. The Each Guarantor agrees that, so long as any amounts are or may be owed by the any Borrower under the Finance Documents hereunder or the any Borrower is under any actual or contingent obligations under hereunder, the Finance Documents, it Guarantor shall not exercise any rights which it the Guarantor may at any time have by reason of performance by it of its obligations under the Finance Documentshereunder: 31.7.1 17.8.1 to be indemnified by the any Borrower; and/or 31.7.2 17.8.2 to claim any contribution from any other guarantor of the any Borrower’s 's obligations under the Finance Documentshereunder; and/or 31.7.3 17.8.3 to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Finance Parties under the Finance Documents hereunder or of any other security taken pursuant to, or in connection with, the Finance Documents this Agreement by all or any of the Finance Parties.

Deferral of Guarantors’ rights. The Guarantor Each of the Guarantors agrees that, so long as any amounts are or may be owed by the Borrower an Obligor under the Finance Documents or the Borrower an Obligor is under any actual or contingent obligations under the Finance Documents, it shall not exercise any rights which it may at any time have by reason of performance by it of its obligations under the Finance Documents: 31.7.1 25.7.1 to be indemnified by the Borroweran Obligor; and/or 31.7.2 25.7.2 to claim any contribution from any other guarantor of the Borrower’s any Obligor's obligations under the Finance Documents; and/or 31.7.3 25.7.3 to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Finance Parties under the Finance Documents or of any other security taken pursuant to, or in connection with, the Finance Documents by all or any of the Finance PartiesParties without the consent of the Facility Agent.

Deferral of Guarantors’ rights. The Guarantor Each of the Guarantors agrees that, so long as any amounts are or may be owed by the Borrower an Obligor under the Finance Documents or the Borrower an Obligor is under any actual or contingent obligations under the Finance Documents, it shall not exercise any rights which it may at any time have by reason of performance by it of its obligations under the Finance Documents: 31.7.1 19.8.1 to be indemnified by the Borroweran Obligor; and/or 31.7.2 19.8.2 to claim any contribution from any other guarantor of the Borrower’s any Obligor's obligations under the Finance Documents; and/or 31.7.3 19.8.3 to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Finance Parties under the Finance Documents or of any other security taken pursuant to, or in connection with, the Finance Documents by all or any of the Finance Parties.

Deferral of Guarantors’ rights. The Each Guarantor agrees that, so long as any amounts are or may be owed by the Borrower Account Party under the Finance Documents or the Borrower Account Party is under any actual or contingent obligations under the Finance Documents, it shall not exercise any rights which it may at any time have by reason of performance by it of its obligations under the Finance Documents: 31.7.1 30.7.1 to be indemnified by the BorrowerAccount Party; and/or 31.7.2 30.7.2 to claim any contribution from any other guarantor of the BorrowerAccount Party’s obligations under the Finance Documents; and/or 31.7.3 30.7.3 to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Finance Parties under the Finance Documents or of any other security taken pursuant to, or in connection with, the Finance Documents by all or any of the Finance Parties.

Deferral of Guarantors’ rights. The Each Guarantor agrees that, so long as any amounts are or may be owed by the Borrower an Obligor under the Finance Documents or the Borrower an Obligor is under any actual or contingent obligations under the Finance Documents, it shall not exercise any rights which it may at any time have by reason of performance by it of its obligations under the Finance Documents: 31.7.1 24.7.1 to be indemnified by the Borroweran Obligor; and/or 31.7.2 24.7.2 to claim any contribution from any other guarantor of the Borrower’s any Obligor's obligations under the Finance Documents; and/or 31.7.3 24.7.3 to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Finance Parties under the Finance Documents or of any other security taken pursuant to, or in connection with, the Finance Documents by all or any of the Finance Parties.

Deferral of Guarantors’ rights. The Each Guarantor agrees that, so long as any amounts are or may be owed by the Borrower an Obligor under the Finance Documents or the Borrower an Obligor is under any actual or contingent obligations under the Finance Documents, it shall not exercise any rights which it may at any time have by reason of performance by it of its obligations under the Finance Documents: 31.7.1 19.7.1 to be indemnified by the Borroweran Obligor; and/or 31.7.2 19.7.2 to claim any contribution from any other guarantor of the Borrower’s any Obligor's obligations under the Finance Documents; and/or 31.7.3 19.7.3 to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Finance Parties under the Finance Documents or of any other security taken pursuant to, or in connection with, the Finance Documents by all or any of the Finance Parties.