Common use of Waiver by the Guarantors Clause in Contracts

Waiver by the Guarantors. Each Guarantor irrevocably waives (i) acceptance hereof, presentment, demand, protest and any notice not provided for herein, (ii) any requirement that at any time any action be taken by any Person against the Issuer or any other Person, (iii) any requirement that the assets of the Issuer or any other Person (including any Guarantor’s or any other guarantor) first be used, applied or depleted as payment of the Issuer’s or either Guarantor’s obligations hereunder before the assets of any Guarantor may be used, applied or depleted in connection with their Note Guaranties, and (iv) any rights to have any claims against the Issuer or the Guarantors arising under the Notes or this Indenture and/or against the Guarantors under their respective Note Guaranties be divided among the Guarantors or among the Guarantors and the Issuer.

Appears in 3 contracts

Samples: Azul Sa, Azul Sa, Indenture (Azul Sa)

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Waiver by the Guarantors. Each The Guarantor irrevocably waives (i) acceptance hereof, presentment, demand, protest and any notice not provided for herein, (ii) any requirement that at any time any action be taken by any Person against the Issuer Company or any other Person, (iii) any requirement that the assets of the Issuer Company or any other Person (including any the Guarantor’s or any other guarantor) first be used, applied or depleted as payment of the IssuerCompany’s or either the Guarantor’s obligations hereunder before the assets of any the Guarantor may be used, applied or depleted in connection with their its Note Guaranties, Guaranty and (iv) any rights to have any claims against the Issuer Company or the Guarantors Guarantor arising under the Notes or this Indenture and/or against the Guarantors Guarantor under their respective Note Guaranties Guaranty be divided among the Guarantors Guarantor or among the Guarantors Guarantor and the IssuerCompany.

Appears in 1 contract

Samples: Indenture (Latam Airlines Group S.A.)

Waiver by the Guarantors. Each Guarantor irrevocably waives (i) acceptance hereof, presentment, demand, protest and any notice not provided for herein, (ii) any requirement that at any time any action be taken by any Person against the Issuer or any other Person, (iii) any requirement that the assets of the Issuer or any other Person (including any Guarantor’s or any other guarantor) first be used, applied or depleted as payment of the Issuer’s or either Guarantor’s obligations hereunder before the assets of any Guarantor may be used, applied or depleted in connection with their Note GuarantiesGuarantees, and (iv) any rights to have any claims against the Issuer or the Guarantors arising under the Notes or this Indenture and/or against the Guarantors under their respective Note Guaranties Guarantees be divided among the Guarantors or among the Guarantors and the Issuer.

Appears in 1 contract

Samples: Azul Sa

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Waiver by the Guarantors. Each The Guarantor irrevocably waives (i) acceptance hereof, presentment, demand, protest and any notice not provided for herein, (ii) any requirement that at any time any action be taken by any Person against the Issuer Company or any other Person, (iii) any requirement that the assets of the Issuer Company or any other Person (including any the Guarantor’s or any other guarantor) first be used, applied or depleted as payment of the IssuerCompany’s or either the Guarantor’s obligations obligatons hereunder before the assets of any the Guarantor may be used, applied or depleted in connection with their its Note GuarantiesGuaranty, and (iv) any rights to have any claims against the Issuer Company or the Guarantors Guarantor arising under the Notes or this Indenture and/or against the Guarantors Guarantor under their respective Note Guaranties Guaranty be divided among the Guarantors Guarantor or among the Guarantors Guarantor and the IssuerCompany.

Appears in 1 contract

Samples: Indenture (Latam Airlines Group S.A.)

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