Common use of Waiver by the Guarantors Clause in Contracts

Waiver by the Guarantors. (a) Each of the Guarantors unconditionally and irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the Issuer or any other Person. The Note Guarantee constitutes a Guarantee of payment and not of collection. (b) Each Guarantor expressly waives, irrevocably and unconditionally: (i) any right to require the Trustee or any Holder to first proceed against, initiate any actions before a court or any other judge or authority, or enforce any other rights or security or claim payment from the Issuer or any other person, before claiming any amounts due from any of the Guarantors hereunder; (ii) any right to which it may be entitled to have the assets of the Issuer or any other person first be used, applied or depleted as payment of the Issuer’s obligations hereunder, prior to any amount being claimed from or paid by any of the Guarantors hereunder; and (iii) any right to which it may be entitled to have claims against it, or assets to be used or applied as payment, divided between the Issuer and the Guarantors (including other Guarantors).

Waiver by the Guarantors. (a) Each of To the Guarantors extent permitted by Applicable Law, each Guarantor unconditionally and irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the Issuer or any other Person. The Each Note Guarantee constitutes a Guarantee of payment and not of collection. (b) Each To the extent permitted by Applicable Law, each Guarantor expressly waives, waives irrevocably and unconditionally: (i) any right it may have to first require the Trustee or any Holder of the Notes to first proceed against, initiate any actions before a court of law or any other judge or authority, or enforce any other rights or security or claim payment from the Issuer or any other person, Person (including any Guarantor or any other guarantor) before claiming any amounts due from any of the Guarantors hereunderit under this Indenture; (ii) any right to which it may be entitled to have the assets of the Issuer or any other person Person (including the Parent Guarantor, the Subsidiary Guarantors or any other guarantor) first be used, applied or depleted as payment of the Issuer’s, the Parent Guarantor’s or the Subsidiary Guarantors’ obligations hereunder, prior to any amount being claimed from or paid by any of the Guarantors Guarantor hereunder; and (iii) any right to which it may be entitled to have claims against it, or assets to be used or applied as payment, hereunder divided between the Issuer Parent Guarantor and the Guarantors (including other Subsidiary Guarantors).