Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Senior Creditor to:
(a) arrange with any person (other than a member of the Group) any assurance against loss in respect of, or reduction of its credit exposure to, the Borrower (including assurance by way of credit based derivative or sub-participation); or
(b) to receive or recover any sum in respect of its Liabilities as a result of any assignment or transfer permitted by Clause 16 (Change of Party), and that Senior Creditor shall not be obliged to account to any other Party for any sum received by it as a result of that action.
Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Primary Creditor to:
(a) arrange with any person which is not a member of the Group any assurance against loss in respect of, or reduction of its credit exposure to, a Debtor (including assurance by way of credit based derivative or sub participation); or
(b) make any assignment or transfer permitted by Clause 18 (Changes to the Parties), which:
(i) is permitted by:
(A) any Revolving Facility Agreement; or
(B) each Senior Secured Indenture; and
(ii) is not in breach of:
(A) Clause 4.5 (No acquisition of Hedging Liabilities);
(B) Clause 6.4 (Acquisition of Intra-Group Liabilities); or
(C) Clause 7.4 (No acquisition of Subordinated Liabilities), and that Primary Creditor shall not be obliged to account to any other Party for any sum received by it as a result of that action.
Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Lender or Hedge Counterparty to:
(a) arrange with any person which is not a member of the Group any assurance against loss in respect of, or reduction of its credit exposure to, an Obligor (including assurance by way of credit based derivative or sub-participation); or
(b) make any assignment or transfer permitted by Clause 27 (Changes to the Lenders), which is not in breach of this Agreement, and that Lender or Hedge Counterparty shall not be obliged to account to any other Party for any sum received by it as a result of that action.
Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Primary Creditor to:
Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Primary Creditor, Bondco or Subordinated Creditor to:
(a) arrange with any person which is not a member of the Group any assurance against loss in respect of, or reduction of its credit exposure to, a Debtor (including assurance by way of credit based derivative or sub-participation); or
(b) make any assignment or transfer permitted by Clause 25 (Changes to the Parties), which:
(i) is expressly permitted or not prohibited (as applicable) by each of the Credit Facility Agreement, the Pari Passu Facility Agreements (if any) and the Pari Passu Note Indentures (if any); and
(ii) is not in breach of:
(A) Clause 5.5 (No acquisition of Hedging Liabilities); or
(B) Clause 10.4 (No acquisition of Subordinated Liabilities), and that Primary Creditor, Bondco or Subordinated Creditor shall not be obliged to account to any other Party for any sum received by it as a result of that action.
Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Secured Party to:
(a) arrange with any person which is not a member of the Group any assurance against loss in respect of, or reduction of its credit exposure to, a Debtor (including assurance by way of credit based derivative or sub-participation); or
(b) make any assignment or transfer permitted by Clause 13 (Changes to the Parties), which is permitted by the relevant Debt Documents and that Secured Party shall not be obliged to account to any other Secured Party, Debtor or Security Provider for any sum received by it as a result of that action.
Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Primary Creditor to:
(a) arrange with any person which is not a member of the Group or a Holding Company of any member of the Group any assurance against loss in respect of, or reduction of its credit exposure to, a Debtor (including assurance by way of credit based derivative or sub-participation); or
(b) make any assignment or transfer permitted by Clause 18 (Changes to the Parties), which is not prohibited by the relevant Debt Document and is not in breach of Clause 4.5 (No acquisition of Hedging Liabilities) or Clause 6.4 (Acquisition of Intra-Group Liabilities) or Clause 7.4 (Acquisition of Shareholder Liabilities) and that Primary Creditor shall not be obliged to account to any other Party for any sum received by it as a result of that action.
Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Finance Party to:
(A) arrange with any person which is not an Obligor any assurance against loss in respect of, or reduction of its credit exposure to, an Obligor (including assurance by way of credit based derivative or sub participation); or
(B) make any assignment or transfer, which is permitted by the Finance Documents to which it is a party and that Finance Party shall not be obliged to account to any other Party for any sum received by it as a result of that action.
Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Primary Creditor to:
(a) arrange with any person which is not a member of the NAC Obligor Group any assurance against loss in respect of, or reduction of its credit exposure to, a Debtor (including assurance by way of credit based derivative or sub-participation); or
(b) make any assignment or transfer permitted by Clause 18 (Changes to the Parties), which is permitted by:
(i) the Super Senior Credit Facility Agreement(s); and
(ii) the Pari Passu Facility Agreement(s) and the Pari Passu Note Purchase Agreement(s); and and that Primary Creditor shall not be obliged to account to any other Party for any sum received by it as a result of that action.
Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Primary Creditor to:
(a) arrange with any person which is not a member of the Group any assurance against loss in respect of, or reduction of its credit exposure to, a Debtor (including assurance by way of credit-based derivative or sub-participation); or
