(vi) any insolvency or similar proceedings; or
(vii) any act, ormssron, matter or thing which would reduce, release or prejudice any of its obligation under this Guarantee.
(b) For so long as this Guarantee shall be in full force and effect and without prejudicing in any way the provisions of this Guarantee (such that the provisions of this Guarantee shall prevail in the event of any conflict with the waivers described below), the Sponsor agrees to waive all rights under Sections 694,699 and 700 of the Civil and Commercial Code of Thailand.
5. Appropriation
Until all amounts which may be or become payable by any Buyer under or in connection with the respective Finance Documents have been irrevocably paid in full, the Bank may retrain from applying or enforcing any other moneys, security or rights held or received by the Bank in respect of those amounts in relation to that Buyer, or apply and enforce the same in such manner and order as it sees fit (whether against those amounts or otherwise).
6. Deferral of the Sponsor's rights
Until all amounts which may be or become payable by a Buyer under or in connection with the respective Finance Documents have been paid in full, the Sponsor shall not exercise any rights which it may have by reason of performance by it of its obligations under this Guarantee:
(a) to be indemnified by that Buyer:or
(b) to take the benefit (in whole or in part and whether by way of subrogation or otherwise} of any rights of the Bank in relation to that Buyer under the respective Finance Documents or of any other guarantee or security taken in relation to that Buyer pursuant to. or in connection with the respective Finance Document' by the Bank.
7. Additional security
This Guamntee is in addition to and is not in any way prejudiced by any other guarantee or security now or subsequently held by the Bank.
8. Payment by the Sponsor
(a) All payments by the Sponsor to the Bank hereunder shall he without set-off or counterclaim, free and clear of and without deduction for any present or future taxes. restrictions or conditions of any nature whatsoever whether on account of any income or other taxes or charges. levies, imposts, fees, restrictions or conditions of any nature or otherwise except as may be required by law. In the event that the Sponsor is required to make any deduction of any nature or withholding from any payment due hereunder, the Sponsor shall pay such additional amount as may be necessary to pay the Bank the full amount of any payment hereunder that the Bank would have received in the absence of such withholding or deduction. The Sponsor shall promptly send to the Bank such other documentary evidencc(s) with respect to such additional payments as may be required by the Bank.