Liquidity Impairment Limitation Language. (i) Save as set out in this paragraph (d), the Holders, Trustee and/or Notes Collateral Agent shall not enforce, and any German Note Guarantor shall have a defence (Einrede) against, any Limited Upstream Obligation if and to the extent a payment and/or enforcement in respect of a Limited Upstream Obligation would cause a Liquidity Impairment for such German Note Guarantor.
Liquidity Impairment Limitation Language. (i) Save as set out in this paragraph (c), the Credit Parties shall not enforce, and any German Guarantor shall have a defence (Einrede) against, any Limited Upstream Obligation if and to the extent a payment and/or enforcement in respect of a Limited Upstream Obligation would cause a Liquidity Impairment for such German Guarantor. Paragraphs (b)(iii), (b)(iv) and (b)(vii) above (including the repayment contemplated in (b)(ii)(4) above) shall apply mutatis mutandis to the restriction in paragraph (i) above.
Liquidity Impairment Limitation Language
