Common use of Immediate recourse Clause in Contracts

Immediate recourse. The Issuer waives any right it may have of first requiring the Security Trustee or any Bondholder to proceed against or enforce any other rights or security or claim for payment from any person prior to enforcing the rights under this Agreement.

Appears in 12 contracts

Samples: Security and Security Trust Agreement, Security and Security Trust Agreement, Security and Security Trust Agreement

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Immediate recourse. The Issuer waives any right it may have of first requiring the Security Collateral Trustee or any Bondholder to proceed against or enforce any other rights or security or claim for payment from any person prior to enforcing the rights under this Agreement.

Appears in 5 contracts

Samples: Collateral Trust Agreement, Collateral Trust Agreement, Collateral Trust Agreement

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