Enforcement of Guarantee. Without limiting any other provision of this Subordinated Guarantee, in no event shall any Payee have any obligation to proceed against Sun Life N.Y. or any other person or property before seeking satisfaction from the Guarantor. Any Payee may enforce the Subordinated Guarantee directly against the Guarantor, subject to no preconditions other than failure by Sun Life N.Y. to pay when due any guaranteed amount.
Appears in 4 contracts
Samples: Subordinated Guarantee (Sun Life Insurance & Annuity Co of New York), Subordinated Guarantee (Sun Life Assurance Co of Canada Us), Subordinated Guarantee (Sun Life Insurance & Annuity Co of New York)
