Common use of Guarantor restrictions Clause in Contracts

Guarantor restrictions. (a) Subject to paragraph (b) below, during the Security Period no Guarantor shall: (i) claim any amount which may be due to it from the other Guarantor whether in respect of a payment made under, or matter arising out of, this Agreement or any Finance Document, or any matter unconnected with this Agreement or any Finance Document; or (ii) take or enforce any form of security from the other Guarantor for such an amount, or in any the way seek to have recourse in respect of such an amount against any asset of the other Guarantor; or (iii) set off such an amount against any sum due from it to the other Guarantor; or (iv) prove or claim for such an amount in any liquidation, administration, arrangement or similar procedure involving the other Guarantor; or (v) exercise or assert any combination of the foregoing. (b) If during the Security Period, the Facility Agent, by notice to a Guarantor, requires it to take any action referred to in paragraph (a) above in relation to the other Guarantor, that Guarantor shall take that action as soon as practicable after receiving the Facility Agent’s notice.

Guarantor restrictions. (a) Subject to paragraph (b) below, during the Security Period no Guarantor shall: (i) claim any amount which may be due to it from the other Guarantor whether in respect of a payment made under, or matter arising out of, this Agreement or any Finance Document, or any matter unconnected with this Agreement or any Finance Document; oror 87 ‌ EUROPE/73091764v9 ​ (ii) take or enforce any form of security from the other Guarantor for such an amount, or in any the way seek to have recourse in respect of such an amount against any asset of the other Guarantor; or (iii) set off such an amount against any sum due from it to the other Guarantor; or (iv) prove or claim for such an amount in any liquidation, administration, arrangement or similar procedure involving the other Guarantor; or (v) exercise or assert any combination of the foregoing. (b) If during the Security Period, the Facility Agent, by notice to a Guarantor, requires it to take any action referred to in paragraph (a) above in relation to the other Guarantor, that Guarantor shall take that action as soon as practicable after receiving the Facility Agent’s 's notice.

Guarantor restrictions. (a) Subject to paragraph (b) below, during the Security Period no Guarantor shall: (i) claim any amount which may be due to it from the other Guarantor whether in respect of a payment made under, or matter arising out of, this Agreement or any Finance Document, or any matter unconnected with this Agreement or any Finance Document; oror ​ ​ (ii) take or enforce any form of security from the other Guarantor for such an amount, or in any the way seek to have recourse in respect of such an amount against any asset of the other Guarantor; or (iii) set off such an amount against any sum due from it to the other Guarantor; or (iv) prove or claim for such an amount in any liquidation, administration, arrangement or similar procedure involving the other Guarantor; or (v) exercise or assert any combination of the foregoing. (b) If during the Security Period, the Facility Agent, by notice to a Guarantor, requires it to take any action referred to in paragraph (a) above in relation to the other Guarantor, that Guarantor shall take that action as soon as practicable after receiving the Facility Agent’s notice.

Guarantor restrictions. (a) Subject to paragraph (b) below, during the Security Period no Guarantor shall: (i) claim any amount which may be due to it from the other Guarantor whether in respect of a payment made under, or matter arising out of, this Agreement or any Finance Document, or any matter unconnected with this Agreement or any Finance Document; oror ​ ​ ​ (ii) take or enforce any form of security from the other Guarantor for such an amount, or in any the way seek to have recourse in respect of such an amount against any asset of the other Guarantor; or (iii) set off such an amount against any sum due from it to the other Guarantor; or (iv) prove or claim for such an amount in any liquidation, administration, arrangement or similar procedure involving the other Guarantor; or (v) exercise or assert any combination of the foregoing. (b) If during the Security Period, the Facility Agent, by notice to a Guarantor, requires it to take any action referred to in paragraph (a) above in relation to the other Guarantor, that Guarantor shall take that action as soon as practicable after receiving the Facility Agent’s notice.

Guarantor restrictions. (a) Subject to paragraph (b) below, during the Security Period no Guarantor shall: (i) claim any amount which may be due to it from the other Guarantor whether in respect of a payment made under, or matter arising out of, this Agreement or any Finance Document, or any matter unconnected with this Agreement or any Finance Document; or (ii) take or enforce any form of security from the other Guarantor for such an amount, or in any the way seek to have recourse in respect of such an amount against any asset of the other Guarantor; or (iii) set off such an amount against any sum due from it to the other Guarantor; or (iv) prove or claim for such an amount in any liquidation, administration, arrangement or similar procedure involving the other Guarantor; or (v) exercise or assert any combination of the foregoing. (b) If during the Security Period, the Facility Agent, by notice to a Guarantor, requires it to take any action referred to in paragraph (a) above in relation to the other Guarantor, that Guarantor shall take that action as soon as practicable after receiving the Facility Agent’s 's notice.