Common use of Rights of the Guarantor Clause in Contracts

Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii) and Section 8.02(a)(ix), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the Fannie Mae Guarantx; xxxvided that the Guarantor shall not have any rights hereunder, except indemnification rights, so long as any default has occurred and is continuing under the Fannie Mae Guaranty.

Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii8.01(a)(3) and Section 8.02(a)(ix8.02(a)(9), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the Fannie Mae GuarantxGuaranty; xxxvided provided that the Guarantor shall not have any rights xxx xxgxxx hereunder, except indemnification rights, so long as any default has occurred and is continuing under the Fannie Mae Guaranty.

Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii8.01(a)(3) and Section 8.02(a)(ix8.02(a)(9), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the Fannie Mae GuarantxGuaranty; xxxvided that the Guarantor provided thxx xxx Xxxrantor shall not have any rights hereunder, except indemnification rights, so long as any default has occurred and is continuing under the Fannie Mae Guaranty.

Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii) and Section 8.02(a)(ix), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the Fannie Mae GuarantxGuaranty; xxxvided that the Guarantor provided thax xxx Gxxxantor shall not have any rights hereunder, except indemnification rights, so long as any default has occurred and is continuing under the Fannie Mae Guaranty.

Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii) 8.01 and Section 8.02(a)(ix8.02(ix), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and or (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the Fannie Mae GuarantxGuaranty; xxxvided provided that the Guarantor xxx Xuxxxntor shall not have any rights hereunder, except indemnification rights, so long as any default has occurred and is continuing under the Fannie Mae Guaranty.

Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii) and Section 8.02(a)(ix), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the Fannie Mae GuarantxXxxxxx Xxx Guaranty; xxxvided provided that the Guarantor shall not have any rights hereunder, except indemnification rights, so long as any default has occurred and is continuing under the Fannie Xxxxxx Mae Guaranty.