Common use of Rights under the Guaranty Clause in Contracts

Rights under the Guaranty. (a) No payment by any Guarantor pursuant to the provisions hereof shall entitle such Guarantor to any payment out of any Collateral or give rise to any claim of the Guarantors against the Trustee or any Holder.

Appears in 9 contracts

Samples: Indenture (Atlantic Express Transportation Corp), Indenture (Piccadilly Cafeterias Inc), Indenture (Atlantic Express Transportation Corp)

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Rights under the Guaranty. (a) No payment by any Guarantor pursuant to the provisions hereof shall entitle such Guarantor to any payment out of any Collateral or give rise to any claim of the Guarantors against the Trustee or any Holder.

Appears in 2 contracts

Samples: Indenture (Clark Material Handling Co), Clark Material Handling Co

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Rights under the Guaranty. (a) No payment by any Guarantor pursuant to the provisions hereof to the Trustee shall entitle such Guarantor to any payment out of any Collateral or give rise to any claim of the Guarantors against held by the Trustee under this Indenture or any HolderMortgage Documents.

Appears in 2 contracts

Samples: Indenture (Trump Communications LLC), Indenture (Trump Atlantic City Funding Iii Inc)

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