Common use of General Deferral of Reimbursement Clause in Contracts

General Deferral of Reimbursement. Each Guarantor waives any right to be reimbursed by Seller for any payment(s) made by such Guarantor on account of the Guaranteed Obligations, unless and until all amounts under the Repurchase Documents have been paid in full and all periods within which such payments may be set aside or invalidated have expired. Each Guarantor acknowledges that it has received adequate consideration for execution of this Guaranty by virtue of Buyer's entering into the Repurchase Transaction (which benefits such Guarantor, as an indirect beneficial owner of Seller) and such Guarantor does not require or expect, and is not entitled to, any other right of reimbursement against Seller as consideration for this Guaranty.

General Deferral of Reimbursement. Each Parent Guarantor waives any right to be reimbursed by Seller for any payment(s) made by such Parent Guarantor on account of the Guaranteed Obligations, unless and until all amounts under the Repurchase Documents have been paid in full and all periods within which such payments may be set aside or invalidated have expired. Each Parent Guarantor acknowledges that it has received adequate consideration for execution of this Guaranty by virtue of Buyer's entering into the Repurchase Transaction (which benefits such Parent Guarantor, as an indirect beneficial owner of Seller) and such Parent Guarantor does not require or expect, and is not entitled to, any other right of reimbursement against Seller as consideration for this Guaranty.