Equal Benefit. This Guarantee is entered into with the Trustee for the benefit of, and the Trustee declares that it holds the same for the equal and rateable benefit of, all Holders. No Holder shall have any right to institute any suit, action or proceeding against the Guarantor hereunder other than in the circumstances described in section 10.8 of the Indenture. Subject to the preceding sentence, all powers and trusts hereunder shall be exercised and all the proceedings at law or in equity shall be instituted, held and maintained by the Trustee for the equal benefit of all Holders.
Equal Benefit. The parties acknowledge that the process of bargaining the issues of the HRP is complex. The parties also acknowledge that for the Union to perceive that another union has negotiated more favorable terms related to the impacts of HRP and has unfairly been denied a benefit or consideration that others have been granted is problematic. The University is sensitive to this possible perception and agrees to inform the Union if any other union or party to this HRP bargaining process receives a benefit or consideration not granted to the Union and will bargain over that issue with the intent of achieving equity.
Equal Benefit. No Holder shall have any right to institute any suit, action or proceeding against a Guarantor hereunder other than in the circumstances described in section 10.8 of the Debentures.
Equal Benefit. This Guarantee Agreement is entered into with the Trustee for the benefit of, and the Trustee declares that it holds the same for the equal and rateable benefit of, all holders of the Notes. No holder of the Notes shall have any right to institute any suit, action or proceeding against any Guarantor hereunder other than in the circumstances described in Section 8.6 of the Indenture. Subject to the preceding sentence, all powers and trusts hereunder shall be exercised and all the proceedings at law or in equity shall be instituted, held and maintained by the Trustee for the equal benefit of all holders of the Notes.
