Common use of Suretyship Waivers Clause in Contracts

Suretyship Waivers. Each of Xxxx Las Vegas Capital Corp. and Xxxx Design hereby waives any and all defenses available to a surety or guarantor, whether arising as a result of the joint and several liability hereunder or otherwise. Without limiting the generality of the foregoing, the waivers of the guarantors under Section 2.5 of the Bank Guarantee and Collateral Agreement and the "FF&E Guaranty" (as defined in the FF&E Facility Agreement) are hereby incorporated herein by this reference mutatis mutandis and such waivers shall be deemed to be made by Xxxx Las Vegas Capital Corp. and Xxxx Design hereunder as if such waivers had been expressly set forth herein.