Common use of Marshaling Clause in Contracts

Marshaling. Each Guarantor consents and agrees that each Noteholder, and each Person acting for the benefit of each Noteholder, shall be under no obligation to marshal any assets in favor of any Guarantor or against or in payment of any or all of the Guarantied Obligations.

Appears in 14 contracts

Sources: Note Purchase Agreement (Tiffany & Co), Note Purchase and Private Shelf Agreement (Tiffany & Co), Note Purchase and Private Shelf Agreement (Tiffany & Co)

Marshaling. Each The Guarantor consents and agrees that each Noteholder, and each Person acting for the benefit of each Noteholder, shall be under no obligation to marshal any assets in favor of any the Guarantor or against or in payment of any or all of the Guarantied Obligations.

Appears in 2 contracts

Sources: Subordinated Guarantee Agreement (Hutchinson Products Corp), Subordinated Guarantee Agreement (Hutchinson Products Corp)

Marshaling. Each The Guarantor consents and agrees that each Noteholderholder of Notes, and each Person acting for the benefit of each Noteholdersuch holder of Notes, shall be under no obligation to marshal any assets in favor of any the Guarantor or against or in payment of any or all of the Guarantied Obligations.

Appears in 2 contracts

Sources: Note Purchase Agreement (Hewitt Associates Inc), Note Purchase Agreement (Hewitt Associates Inc)