Suspension of Rights. 5.1 Until the Guaranteed Money has been paid and discharged in full, the Guarantor will not, without the consent of the Beneficiary: (a) take any steps to enforce a right or claim against the Debtor in respect of any money paid by the Guarantor to the Beneficiary under this Guarantee; or (b) have or exercise any rights in competition with the Beneficiary (including any right of subrogation or indemnity).
Appears in 5 contracts
Samples: Infrastructure Agreement (Fletcher Challenge Forests LTD), Management Agreement (Fletcher Challenge Forests LTD), Infrastructure Agreement (Fletcher Challenge Forests LTD)
