Exercise of Guarantor’s Rights Sample Clauses

Exercise of Guarantor’s Rights. So long as any sum remains payable under this Trust Deed, the Notes, the Receipts or the Coupons:
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Exercise of Guarantor’s Rights. So long as any sum remains payable or capable of becoming payable under the Senior Finance Documents:
Exercise of Guarantor’s Rights. The Guarantor represents and warrants that it has not taken or received any security from the Company or any other surety for or in respect of its obligations under this Deed. The Guarantor shall not take or receive any security from the Company or any other surety for or in respect of any of their obligations under this Deed. So long as any sum remains to be lent or remains payable under any Facility Document:
Exercise of Guarantor’s Rights. So long as any sum remains to be lent or remains payable under this Agreement:
Exercise of Guarantor’s Rights. So long as any sum remains payable under the Bonds, the Deed of Covenant or this Guarantee, the Guarantor shall not exercise or enforce any right, by reason of the performance of any of its obligations under this Guarantee, to be indemnified by the Substitute or to take the benefit of or enforce any security or other guarantee or indemnity.
Exercise of Guarantor’s Rights. So long as any sum remains payable under this Trust Deed or the Bonds:
Exercise of Guarantor’s Rights. Upon an Event of Default by the Tribe under the Note or by Guarantor under this Guaranty, Guarantor hereby agrees that, until the payment and satisfaction in full of all of the Guarantied Obligations, it shall not exercise any right, remedy, power or privilege, such as any right of subrogation, contribution or indemnity or related remedy, power or privilege, arising (whether by contract or operation of law, including under the Bankruptcy Code) against the Tribe or any other guarantor of all or any part of the Guarantied Obligations or any collateral for all or any part of the Guarantied Obligations by reason of any payment or other performance pursuant to the provisions of this Guaranty and, if any amount shall be paid to Guarantor, following written notice of the occurrence of and during the continuance of any Event of Default, on account of such rights, remedies, powers or privileges, it shall hold such amount in trust for the benefit of, and pay the same over to, the City on account of the Guarantied Obligations. Guarantor understands that the exercise by the City of any right, remedy, power or privilege that it may have under the Note, any agreement, security document, guarantee or other instrument relative to all or any part of the Guarantied Obligations or otherwise may affect or eliminate such or any other guarantor’s right of subrogation or similar recovery against the Tribe, any other guarantors or any collateral and that Guarantor may therefore incur partially or totally nonreimbursable liability under this Guaranty. Nevertheless, and subject to Section 2.01, Guarantor hereby authorizes and empowers the City to exercise, in its sole discretion, any combination of such rights, remedies, powers and privileges.
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Exercise of Guarantor’s Rights. So long as any sum remains payable or capable of becoming payable under the Senior Finance Documents:-
Exercise of Guarantor’s Rights. So long as the Facilities are outstanding or any sum remains payable under the Agreements:

Related to Exercise of Guarantor’s Rights

  • Limitation of Guarantor's Liability Each Guarantor and by its acceptance of Notes, each Holder, confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Trustee, the Holders and Guarantors hereby irrevocably agree that the obligations of such Guarantor under its Note Guarantee shall be limited to the maximum amount that will not, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Note Guarantee, result in the obligations of such Guarantor under its Note Guarantee constituting a fraudulent transfer or conveyance.

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