Common use of Guarantor as Principal Debtor Clause in Contracts

Guarantor as Principal Debtor. Without affecting the Company’s obligations, the Guarantor will be liable under this Guarantee as if it were the sole principal debtor and not merely a surety. Accordingly, it will not be discharged, nor will its liability be affected, by anything which would not discharge it or affect its liability if it were the sole principal debtor (including (i) any time, indulgence, waiver or consent at any time given to the Company or any other person, (ii) any amendment to any of the Security, the Indenture or to any security or other guarantee or indemnity, (iii) the making or absence of any demand on the Company or any other person for payment, (iv) the enforcement or absence of enforcement of any of the Security, the Indenture or of any security or other guarantee or indemnity, (v) the release of any such security, guarantee or indemnity, (vi) the dissolution, amalgamation, reconstruction, merger or reorganization of the Company or any other Person, (vii) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person or (viii) the illegality, invalidity or unenforceability of or any defect in any provision of any of the Security or the Indenture or any of the Company’s obligations under any of them).

Guarantor as Principal Debtor. Without As between the Guarantor and the Trustee, the Noteholders and the Couponholders but without affecting the CompanyIssuer’s obligations, the Guarantor will shall be liable under this Guarantee Clause as if it were the sole principal debtor and not merely a surety. Accordingly, it will shall not be discharged, nor will shall its liability be affected, by anything which that would not discharge it or affect its liability if it were the sole principal debtor (including (i1) any time, indulgence, waiver or consent at any time given to the Company Issuer or any other person, (ii2) any amendment to any other provisions of this Trust Deed or to the Security, the Indenture Conditions or to any security or other guarantee or indemnity, (iii3) the making or absence of any demand on the Company Issuer or any other person for payment, (iv4) the enforcement or absence of enforcement of any of the Securitythis Trust Deed, the Indenture Notes, the Receipts or the Coupons or of any security or other guarantee or indemnity, (v5) the taking, existence or release of any such security, guarantee or indemnity, (vi6) the dissolution, amalgamation, reconstruction, merger reconstruction or reorganization reorganisation of the Company Issuer or any other Person, (vii) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person person or (viii7) the illegality, invalidity or unenforceability of or any defect in any provision of any of this Trust Deed, the Security Notes, the Receipts or the Indenture Coupons or any of the CompanyIssuer’s obligations under any of them).

Guarantor as Principal Debtor. Without affecting the Companyrelevant Issuer’s obligations, the Guarantor will be liable under this Guarantee as if it were the sole principal debtor and not merely a surety. Accordingly, it will not be discharged, nor will its liability be affected, by anything which would not discharge it or but for this provision might operate to affect its liability if it were the sole principal debtor (including (ia) any time, indulgence, waiver or consent at any time given to the Company Issuer or any other person, (iib) any amendment to any Note, any Coupon or the Deed of the Security, the Indenture Covenant or to any security or other guarantee or indemnity, (iiic) the making or absence of any demand on the Company Issuer or any other person for payment, (ivd) the enforcement or absence of enforcement of any of the SecurityNote, any Coupon, the Indenture Deed of Covenant or of any security or other guarantee or indemnity, (ve) the release of any such security, guarantee or indemnity, (vif) the dissolution, amalgamation, reconstruction, merger reconstruction or reorganization reorganisation of the Company Issuer or any other Person, (vii) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person person or (viiig) the illegality, invalidity or unenforceability of or any defect in any provision of any of the Security Note, any Coupon or the Indenture Deed of Covenant or any of the CompanyIssuer’s obligations under any of them).

Guarantor as Principal Debtor. Without As between the relevant Guarantor(s) and the Trustee, the Noteholders and the Couponholders but without affecting the Companyrelevant Issuer’s obligations, the Guarantor will relevant Guarantor(s) shall be liable under this Guarantee Clause as if it were the sole principal debtor and not merely a surety. Accordingly, it will shall not be discharged, nor will shall its liability be affected, by anything which that would not discharge it or affect its liability if it were the sole principal debtor (including (ia) any time, indulgence, waiver or consent at any time given to the Company relevant Issuer or any other person, (iib) any amendment to any other provisions of this Trust Deed or to the Security, the Indenture Conditions or to any security or other guarantee or indemnity, (iiic) the making or absence of any demand on the Company relevant Issuer or any other person for payment, (ivd) the enforcement or absence of enforcement of any of the Securitythis Trust Deed, the Indenture Notes, the Receipts or the Coupons or of any security or other guarantee or indemnity, (ve) the taking, existence or release of any such security, guarantee or indemnity, (vif) the dissolution, amalgamation, reconstruction, merger reconstruction or reorganization reorganisation of the Company relevant Issuer or any other Person, (vii) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person person or (viiig) the illegality, invalidity or unenforceability of or any defect in any provision of any of this Trust Deed, the Security Notes, the Receipts or the Indenture Coupons or any of the Companyrelevant Issuer’s obligations under any of them).

Guarantor as Principal Debtor. Without As between the Guarantor and the Trustee and the Noteholders but without affecting the CompanyIssuer’s obligations, the Guarantor will be liable under this Guarantee Clause 5 as if it were the sole principal debtor and not merely a surety. Accordingly, it will not be discharged, nor will its liability be affected, by anything which would not discharge it or affect its liability if it were the sole principal debtor (including (i1) any time, indulgence, waiver or consent at any time given to the Company Issuer or any other person, ; (ii2) any amendment to any other provisions of this Trust Deed or to the Security, the Indenture Conditions or to any security or other guarantee or indemnity, ; (iii3) the making or absence of any demand on the Company Issuer or any other person for payment, ; (iv4) the enforcement or absence of enforcement of any of the Securitythis Trust Deed, the Indenture Notes or of any security or other guarantee or indemnity, ; (v5) the taking, existence or release of any such security, guarantee or indemnity, ; (vi6) the dissolution, amalgamation, reconstruction, merger reconstruction or reorganization reorganisation of the Company Issuer or any other Person, person (viiincluding any Substituted Obligor substituted for the Issuer pursuant to Conditions 4(c) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person and 15); or (viii7) the illegality, invalidity or unenforceability of or any defect in any provision of any of this Trust Deed, the Security or the Indenture Notes or any of the CompanyIssuer’s obligations under any of them).

Guarantor as Principal Debtor. Without As between the relevant Guarantors and the Trustee, the Noteholders and the Couponholders but without affecting the Companyrelevant Issuer’s obligations, the Guarantor will relevant Guarantors shall be jointly and severally liable under this Guarantee Clause as if it they were the sole principal debtor debtors and not merely a suretysureties. Accordingly, it will they shall not be discharged, nor will its shall their liability be affected, by anything which that would not discharge it them or affect its their liability if it they were the sole principal debtor debtors (including (i1) any time, indulgence, waiver or consent at any time given to the Company relevant Issuer or any other person, (ii2) any amendment to any other provisions of this Trust Deed or to the Security, the Indenture Conditions or to any security or other guarantee or indemnity, (iii3) the making or absence of any demand on the Company relevant Issuer or any other person for payment, (iv4) the enforcement or absence of enforcement of any of the Securitythis Trust Deed, the Indenture Notes, the Receipts or the Coupons or of any security Back to Contents or other guarantee or indemnity, (v5) the taking, existence or release of any such security, guarantee or indemnity, (vi6) the dissolution, amalgamation, reconstruction, merger reconstruction or reorganization reorganisation of the Company relevant Issuer or any other Person, (vii) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person person or (viii7) the illegality, invalidity or unenforceability of or any defect in any provision of any of this Trust Deed, the Security Notes, the Receipts or the Indenture Coupons or any of the Companyrelevant Issuer’s obligations under any of them).

Guarantor as Principal Debtor. Without As between the Guarantor and the Trustee, the Noteholders and the Couponholders but without affecting the Company’s Issuer's obligations, the Guarantor will shall be liable under this Guarantee Clause as if it were the sole principal debtor and not merely a surety. Accordingly, it will shall not be discharged, nor will shall its liability be affected, by anything which that would not discharge it or affect its liability if it were the sole principal debtor (including (i1) any time, indulgence, waiver or consent at any time given to the Company Issuer or any other person, (ii2) any amendment to any other provisions of this Trust Deed or to the Security, the Indenture Conditions or to any security or other guarantee or indemnity, (iii3) the making or absence of any demand on the Company Issuer or any other person for payment, (iv4) the enforcement or absence of enforcement of any of the Securitythis Trust Deed, the Indenture Notes, the Receipts or the Coupons or of any security or other guarantee or indemnity, (v5) the taking, existence or release of any such security, guarantee or indemnity, (vi6) the dissolution, amalgamation, reconstruction, merger reconstruction or reorganization reorganisation of the Company Issuer or any other Person, (vii) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person person or (viii7) the illegality, invalidity or unenforceability of or any defect in any provision of any of this Trust Deed, the Security Notes, the Receipts or the Indenture Coupons or any of the Company’s Issuer's obligations under any of them).

Guarantor as Principal Debtor. Without As between the Guarantor, the Holders and the Relevant Account Holders but without affecting the CompanySubstitute’s obligations, the Guarantor will shall be liable under this Guarantee as if it were the sole principal debtor and not merely a surety. Accordingly, it will its obligations shall not be discharged, nor will shall its liability be affected, by anything which that would not discharge it or affect its liability if it were the sole principal debtor (debtor, including (i1) any time, indulgence, waiver or consent at any time given to the Company Substitute or any other person, (ii2) any amendment to any other provisions of this Guarantee or to the Security, the Indenture Conditions or to any security or other guarantee or indemnity, (iii3) the making or absence of any demand on the Company Substitute or any other person for payment, (iv4) the enforcement or absence of enforcement of any of the Securitythis Guarantee, the Indenture Bonds, the Deed of Covenant or of any security or other guarantee or indemnity, (v5) the taking, existence or release of any such security, guarantee or indemnity, (vi6) the dissolution, amalgamation, reconstruction, merger reconstruction or reorganization reorganisation of the Company Substitute or any other Person, (vii) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person person or (viii7) the illegality, invalidity or unenforceability of or any defect in any provision of any this Guarantee, the Bonds, the Deed of the Security or the Indenture Covenant or any of the CompanySubstitute’s obligations under any of them).

Guarantor as Principal Debtor. Without As between the Guarantor and the Trustee, the Noteholders and the Couponholders but without affecting the CompanyIssuer’s obligations, the Guarantor will be liable under this Guarantee Clause as if it were the sole principal debtor and not merely a surety. Accordingly, it will not be discharged, nor will its liability be affected, by anything which would not discharge it or affect its liability if it were the sole principal debtor (including (i1) any time, indulgence, waiver or consent at any time given to the Company Issuer or any other person, (ii2) any amendment to any other provisions of this Trust Deed or to the Security, the Indenture Conditions or to any security or other guarantee or indemnity, (iii3) the making or absence of any demand on the Company Issuer or any other person for payment, (iv4) the enforcement or absence of enforcement of any of the Securitythis Trust Deed, the Indenture Notes or the Coupons or of any security or other guarantee or indemnity, (v5) the taking, existence or release of any such security, guarantee or indemnity, (vi6) the dissolution, amalgamation, reconstruction, merger reconstruction or reorganization reorganisation of the Company Issuer or any other Person, (vii) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person person or (viii7) the illegality, invalidity or unenforceability of or any defect in any provision of any of this Trust Deed, the Security Notes or the Indenture Coupons or any of the CompanyIssuer’s obligations under any of them).

Guarantor as Principal Debtor. Without As between the Guarantor, the Trustee and the Noteholders but without affecting the CompanyIssuer’s obligations, the Guarantor will be liable under this Guarantee Clause as if it were the sole principal debtor and not merely a surety. Accordingly, it will not be discharged, nor will its liability be affected, by anything which would not discharge it or affect its liability if it were the sole principal debtor (including (i1) any time, indulgence, waiver or consent at any time given to the Company Issuer or any other person, (ii2) any amendment to any other provisions of this Trust Deed or to the Security, the Indenture Conditions or to any security or other guarantee or indemnity, (iii3) the making or absence of any demand on the Company Issuer or any other person for payment, (iv4) the enforcement or absence of enforcement of any of this Trust Deed or the Security, the Indenture Notes or of any security or other guarantee or indemnity, (v5) the taking, existence or release of any such security, guarantee or indemnity, (vi6) the dissolution, amalgamation, reconstruction, merger reconstruction or reorganization reorganisation of the Company Issuer or any other Person, (vii) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person person or (viii7) the illegality, invalidity or unenforceability of or any defect in any provision of any of the Security this Trust Deed or the Indenture Notes or any of the CompanyIssuer’s obligations under any of them).

Guarantor as Principal Debtor. Without As between the Guarantor and the Trustee, the Bondholders but without affecting the CompanyIssuer’s obligations, the Guarantor will be liable under this Guarantee Clause as if it were the sole principal debtor and not merely a surety. Accordingly, it will not be discharged, nor will its liability be affected, by anything which would not discharge it or affect its liability if it were the sole principal debtor (including (i1) any time, indulgence, waiver or consent at any time given to the Company Issuer or any other person, (ii2) any amendment to any other provisions of this Trust Deed or to the Security, the Indenture Conditions or to any security or other guarantee or indemnity, (iii3) the making or absence of any demand on the Company Issuer or any other person for payment, (iv4) the enforcement or absence of enforcement of any of this Trust Deed or the Security, the Indenture Bonds or of any security or other guarantee or indemnity, (v5) the taking, existence or release of any such security, guarantee or indemnity, (vi6) the dissolution, amalgamation, reconstruction, merger reconstruction or reorganization reorganisation of the Company Issuer or any other Person, (vii) the sale or conveyance of the property of the Company or the Guarantor as an entirety or substantially as an entirety to any other Person person or (viii7) the illegality, invalidity or unenforceability of or any defect in any provision of any of the Security this Trust Deed or the Indenture Bonds or any of the CompanyIssuer’s obligations under any of them).