Common use of Limitation on Enforcement Clause in Contracts

Limitation on Enforcement. The Banks agree that this Guaranty may be enforced only by the action of a Senior Managing Agent acting upon the instructions of the Required Banks and that no Bank shall have any right individually to seek to enforce or to enforce this Guaranty, it being understood and agreed that such rights and remedies may be exercised by each Senior Managing Agent for the benefit of the Banks upon the terms of this Agreement. * * *

Limitation on Enforcement. The Banks agree that this Guaranty may be enforced on their behalf only by the action of a Senior Managing an Agent acting upon the instructions of the Required Banks and that no Bank shall have any right individually to seek to enforce or to enforce this Guaranty, it being understood and agreed that such rights and remedies may be exercised by each Senior Managing Agent for the benefit of the Banks upon the terms of this Agreement. * * *.

Limitation on Enforcement. The Banks agree that this Guaranty may be enforced only by the action of a Senior Managing Agent the Administrative Agent, in each case acting upon the instructions of the Required Banks and that no Bank shall have any right individually to seek to enforce or to enforce this Guaranty, Guaranty it being understood and agreed that such rights and remedies may be exercised by each Senior Managing the Administrative Agent for the benefit of the Banks upon the terms of this Agreement. * * *The Banks further agree that this Guaranty may not be enforced against any director, officer, employee or stockholder of any Guarantor.

Limitation on Enforcement. The Banks agree that this Guaranty ------------------------- may be enforced only by the action of a Senior Managing Agent acting upon the instructions of the Required Banks and that no Bank shall have any right individually to seek to enforce or to enforce this Guaranty, it being understood and agreed that such rights and remedies may be exercised by each Senior Managing Agent for the benefit of the Banks upon the terms of this Agreement. * * *

Limitation on Enforcement. The Banks agree that this Guaranty may be enforced only by the action of a Senior Managing Agent acting upon the instructions of the Required Banks and that no Bank shall have any right individually to seek to enforce or to enforce this Guaranty, it being understood and agreed that such rights and remedies may be exercised by each Senior Managing Agent for the benefit of the Banks upon the terms of this Agreement. * * *.