Common use of Exhausting Recourse Clause in Contracts

Exhausting Recourse. The Noteholders or the Trustee need not exhaust any recourse which they may have against the Subsidiary or other persons before being entitled to full payment from the Bank under this Agreement.

Exhausting Recourse. The Noteholders Bondholders or the Trustee need not exhaust any recourse which they may have against the Subsidiary or other persons before being entitled to full payment from the Bank under this Agreement.