Common use of Enforcement and Amendment of Guarantee Agreements Clause in Contracts

Enforcement and Amendment of Guarantee Agreements. So long as any Notes are Outstanding, the Authority (a) will, from and after the date on which it shall have entered into any Guarantee Agreement with respect to the Financed Eligible Loans, maintain such Guarantee Agreement and diligently enforce its rights thereunder; (b) will enter into such other similar or supplemental agreements as shall be required to maintain benefits for all Financed Eligible Loans covered thereby; and (c) will not voluntarily consent to or permit any rescission of or consent to any amendment to or otherwise take any action under or in connection with any Guarantee Agreement or any similar or supplemental agreement or engage any other guarantor of the Financed Eligible Loans which in any manner will materially adversely affect the rights of the Noteholders hereunder.

Enforcement and Amendment of Guarantee Agreements. So long as any Notes are OutstandingOutstanding and Financed Loans are guaranteed by a Guarantee Agency, the Authority Trustee and the Eligible Lender Trustee will each (a) will, from and after the date on which it shall have entered into any Guarantee Agreement with respect to the covering Financed Eligible Loans, maintain such Guarantee Agreement and diligently enforce its rights thereunder; (b) will enter into such other similar or supplemental agreements as shall be required to maintain benefits for all Financed Eligible Loans covered thereby; and (c) will not voluntarily consent to or permit any rescission of or consent to any amendment to or otherwise take any action under or in connection with any such Guarantee Agreement or any similar or supplemental agreement or engage any other guarantor of the Financed Eligible Loans which in any manner will materially adversely affect the rights of the Noteholders Secured Creditors from time to time of the Notes hereunder.