Common use of Guarantor Default Clause in Contracts

Guarantor Default. Notwithstanding any payment (or attempt to make a payment) by the Company or the Guarantor to a K-type Account of a Non-Resident Bank (as defined in the Indent 17 Deferred Payment Agreement), and notwithstanding any other provision of this Deed or the Indent 17 Deferred Payment Agreement, the Guarantor shall ensure that Alcatel receives into its account in Germany an amount in Euros that is sufficient to satisfy the obligations of the Company under the Indent 17 Deferred Payment Agreement. If, for whatever reason, Alcatel fails to receive into its account in Germany an amount in Euros that is sufficient to satisfy the obligations of the Company under the Indent 17 Deferred Payment Agreement, such failure shall constitute a default by the Guarantor under this Deed.

Guarantor Default. Notwithstanding any payment (or attempt to make a payment) by the Company or the Guarantor to a K-type Account of a Non-Resident Bank (as defined in the Indent 17 20 Deferred Payment Agreement), and notwithstanding any other provision of this Deed or the Indent 17 20 Deferred Payment Agreement, the Guarantor shall ensure that Alcatel receives into its account in Germany an amount in Euros EUROs that is sufficient to satisfy the obligations of the Company under the Indent 17 20 Deferred Payment Agreement. If, for whatever reason, Alcatel fails to receive into its account in Germany an amount in Euros EUROs that is sufficient to satisfy the obligations of the Company under the Indent 17 20 Deferred Payment Agreement, such failure shall constitute a default by the Guarantor under this Deed.

Guarantor Default. Notwithstanding any payment (or attempt to make a payment) by the Company or the Guarantor to a K-type Account of a Non-Resident Bank (as defined in the Indent 17 18 Deferred Payment Agreement), and notwithstanding any other provision of this Deed or the Indent 17 18 Deferred Payment Agreement, the Guarantor shall ensure that Alcatel receives into its account in Germany an amount in Euros that is sufficient to satisfy the obligations of the Company under the Indent 17 18 Deferred Payment Agreement. If, for whatever reason, Alcatel fails to receive into its account in Germany an amount in Euros that is sufficient to satisfy the obligations of the Company under the Indent 17 18 Deferred Payment Agreement, such failure shall constitute a default by the Guarantor under this Deed.

Guarantor Default. Notwithstanding any payment (or attempt to make a payment) by the Company or the Guarantor to a K-type Account of a Non-Resident Bank (as defined in the Indent 17 19 Deferred Payment Agreement), and notwithstanding any other provision of this Deed or the Indent 17 19 Deferred Payment Agreement, the Guarantor shall ensure that Alcatel receives into its account in Germany an amount in Euros that is sufficient to satisfy the obligations of the Company under the Indent 17 19 Deferred Payment Agreement. If, for whatever reason, Alcatel fails to receive into its account in Germany an amount in Euros that is sufficient to satisfy the obligations of the Company under the Indent 17 19 Deferred Payment Agreement, such failure shall constitute a default by the Guarantor under this Deed.