Common use of Rights Under the Guarantee Clause in Contracts

Rights Under the Guarantee. (a) No payment by the Note Guarantor pursuant to the provisions hereof shall entitle the Note Guarantor to any payment out of any Collateral or give rise to any claim of the Note Guarantor against the Trustee or any Holder. (b) The Note Guarantor waives notice of the issuance, sale and purchase of the Notes and notice from the Trustee or the Holders from time to time of any of the Notes of their acceptance and reliance on the Guarantee. (c) No set-off, counterclaim, reduction or diminution of any obligation or any defense of any kind or nature (other than performance by the Note Guarantor of its obligations hereunder and other than (except with respect to the Unconditional Interest Claim) the occurrence of a Termination Event) that the Note Guarantor may have or assert against the Trustee or any Holder shall be available hereunder to the Note Guarantor. (d) The Note Guarantor shall pay all reasonable costs and expenses (including all reasonable attorneys’ fees), that may be incurred by the Trustee in enforcing or attempting to enforce the Guarantee.

Rights Under the Guarantee. (a) No payment by the any Note Guarantor pursuant to the provisions hereof shall entitle the such Note Guarantor to any payment out of any Collateral or give rise to any claim of the Note Guarantor Guarantors against the Trustee or any Holder. (b) The Each Note Guarantor waives notice of the issuance, sale and purchase of the Notes and notice from the Trustee or the Holders from time to time of any of the Notes of their acceptance and reliance on the such Guarantee. (c) No set-off, counterclaim, reduction or diminution of any obligation or any defense of any kind or nature (other than performance by the Note Guarantor Guarantors of its their obligations hereunder and other than (except with respect to the Unconditional Interest Claim) the occurrence of a Termination Eventhereunder) that the any Note Guarantor may have or assert against the Trustee or any Holder shall be available hereunder to the such Note Guarantor. (d) The Each Note Guarantor shall pay all reasonable costs costs, expenses and expenses (fees, including all reasonable attorneys’ fees), that may be incurred by the Trustee in enforcing or attempting to enforce the GuaranteeGuarantee or protecting the rights of the Trustee or the Holder, if any, in accordance with this Indenture.