Common use of Collateral Instruments Clause in Contracts

Collateral Instruments. None of the Beneficiaries or the Security Trustee shall be obliged to make any claim or demand on the Borrower or any other Security Provider or to resort to any Collateral Instrument or other means of payment now or hereafter held by or available to them or it before enforcing this Deed and no action taken or omitted by the Security Trustee or any Beneficiary in connection with any such Collateral Instrument or other means of payment shall discharge, reduce, prejudice or affect the liability of the Creditor under this Deed nor shall the Security Trustee or any Beneficiary be obliged to account for any money or other property received or recovered in consequence of any enforcement or realisation of any such Collateral Instrument or other means of payment.

Collateral Instruments. None of the Beneficiaries or the Security Trustee Mortgagees shall be obliged to make any claim or demand on the Borrower Borrowers or any other Security Provider of them or to resort to any Collateral Instrument or other means of payment now or hereafter held by or available to them or it before enforcing this Deed Guarantee and no action taken or omitted by the Security Trustee Mortgagees or any Beneficiary of them in connection with any such Collateral Instrument or other means of payment shall discharge, reduce, prejudice or affect the liability of the Creditor Guarantor under this Deed Guarantee nor shall any of the Security Trustee or any Beneficiary Mortgagees be obliged to account for any money or other property received or recovered in consequence of any enforcement or realisation of any such Collateral Instrument or other means of paymentpayment in reduction of the Guaranteed Liabilities.

Collateral Instruments. None of the New Beneficiaries or the Security Trustee shall be obliged to make any claim or demand on the Borrower or any other Security Provider or to resort to any Collateral Instrument or other means of payment now or hereafter held by or available to them or it before enforcing this Deed and no action taken or omitted by the Security Trustee or any Beneficiary in connection with any such Collateral Instrument or other means of payment shall discharge, reduce, prejudice or affect the liability of the Creditor under this Deed nor shall the Security Trustee or any Beneficiary be obliged to account for any money or other property received or recovered in consequence of any enforcement or realisation of any such Collateral Instrument or other means of payment.