Common use of CERTAIN WAIVERS BY GUARANTORS Clause in Contracts

CERTAIN WAIVERS BY GUARANTORS. Each Guarantor hereby waives and agrees not to assert or take advantage of: (a) PRIOR RESORT TO ANY OTHER PERSON, PROPERTY OR RIGHT. Any right to require any Holder of Guaranteed Obligations to proceed against or exhaust its recourse against the Borrower, any other Guarantor or any other Person liable for any of the Guaranteed Obligations or against any Lien securing any of the Guaranteed Obligations or against any other Person or property, before demanding and enforcing payment of the Guaranteed Obligations from any Guarantor under this Agreement;

CERTAIN WAIVERS BY GUARANTORS. Each Guarantor hereby waives and agrees not to assert or take advantage of: (a) PRIOR RESORT TO ANY OTHER PERSON, PROPERTY OR RIGHT. Any right to require any Holder holder of Guaranteed Obligations to proceed against or exhaust its recourse against the Borrower, Starwood REIT, any other Guarantor or any other Person liable for any of the Guaranteed Obligations or against any Lien securing any of the Guaranteed Obligations or against any other Person or property, before demanding and enforcing payment of the Guaranteed Obligations from any Guarantor under this Agreement;

CERTAIN WAIVERS BY GUARANTORS. Each Guarantor hereby waives and agrees not to assert or take advantage of: (a) PRIOR RESORT TO ANY OTHER PERSONPrior Resort to any Other Person, PROPERTY OR RIGHTProperty or Right. Any right to require any Holder of Guaranteed Obligations to proceed against or exhaust its recourse against the Borrower, any other Guarantor or any other Person liable for any of the Guaranteed Obligations or against any Lien securing any of the Guaranteed Obligations or against any other Person or property, before demanding and enforcing payment of the Guaranteed Obligations from any Guarantor under this Agreement;