Enforcement of Guarantee. The Guarantor agrees that the Trustee or any Holder (but subject always to the provisions of Section 15 hereof) need not seek or exhaust their recourse against the Corporation or any other Person in respect of the Guaranteed Obligations before being entitled to payment under this Subordinated Guarantee.
Appears in 8 contracts
Samples: Subordinated Guarantee (Manulife Financial Corp), Subordinated Guarantee (Manulife Financial Corp), Subordinated Guarantee (Manulife Financial Corp)
