Common use of Performance by Third Parties Clause in Contracts

Performance by Third Parties. The Issuer agrees that, with the written consent of the Borrower, third parties may perform any and all acts or take such action as may be necessary for and on behalf of the Borrower to prevent or correct any Event of Default hereunder, and the Issuer agrees that the Trustee shall take or accept such performance as performance by the Borrower in such event. The acceptance by the Issuer or the Trustee of any such performance by third parties shall not in any way diminish or absolve the Borrower of primary liability hereunder.

Performance by Third Parties. The Issuer agrees that, with the written consent of the BorrowerCompany, third parties may perform any and all acts or take such action as may be necessary for and on behalf of the Borrower Company to prevent or correct any Event of Default hereunder, and the Issuer agrees that the Trustee shall take or accept such performance as performance by the Borrower Company in such event. The acceptance by the Issuer or the Trustee of any such performance by third parties shall not in any way diminish or absolve the Borrower Company of primary liability hereunder.