Common use of Rights Under the Guarantee Clause in Contracts

Rights Under the Guarantee. No payment by any Subsidiary Guarantor pursuant to the provisions hereof to the Trustee shall entitle such Subsidiary Guarantor to any payment out of any Collateral held by the Trustee under this Indenture or any Collateral Documents.

Appears in 3 contracts

Samples: Indenture (MGM Mirage), Indenture (MGM Mirage), MGM Mirage

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Rights Under the Guarantee. No payment by any Subsidiary Guarantor pursuant to the provisions hereof to the Trustee shall entitle such Subsidiary Guarantor to any payment out of any Collateral collateral held by the Trustee under this Indenture or in respect of the Debt Securities of any Collateral Documentsseries guaranteed by such Guarantor.

Appears in 3 contracts

Samples: Indenture (Ramparts, Inc.), MGM Mirage, MRG Vegas Portal, Inc.

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