No Duty To Pursue Others. It shall not be necessary for Buyer (and Xxxxx hereby waives any rights which Xxxxx may have to require Buyer), in order to enforce such payment by Xxxxx, first to (i) institute suit or exhaust its remedies against the Indemnifying Party or others liable on the Payment Obligations or any other person, (ii) enforce Buyer’s rights against any other guarantors of the Payment Obligations, (iii) join the Indemnifying Party or any others liable on the Payment Obligations in any action seeking to enforce this Article XI, (iv) exhaust any remedies available to Buyer against any security which shall ever have been given to secure the Payment Obligations, or (v) resort to any other means of obtaining payment of the Payment Obligations.
Appears in 3 contracts
Samples: LLC Interest Purchase Agreement (Holly Energy Partners Lp), LLC Interest Purchase Agreement (Holly Energy Partners Lp), Asset Purchase Agreement (Holly Energy Partners Lp)
No Duty To Pursue Others. It shall not be necessary for Buyer (and Xxxxx HFC hereby waives any rights which Xxxxx HFC may have to require Buyer), in order to enforce such payment by XxxxxHFC, first to (i) institute suit or exhaust its remedies against the Indemnifying Party or others liable on the Payment Obligations or any other person, (ii) enforce Buyer’s rights against any other guarantors of the Payment Obligations, (iii) join the Indemnifying Party or any others liable on the Payment Obligations in any action seeking to enforce this Article XI, (iv) exhaust any remedies available to Buyer against any security which shall ever have been given to secure the Payment Obligations, or (v) resort to any other means of obtaining payment of the Payment Obligations.
Appears in 2 contracts
Samples: LLC Interest Purchase Agreement (Holly Energy Partners Lp), LLC Interest Purchase Agreement
No Duty To Pursue Others. It shall not be necessary for Buyer (and Xxxxx HFC hereby waives any rights which Xxxxx HFC may have to require Buyer), in order to enforce such payment by XxxxxHFC, first to (i) institute suit or exhaust its remedies against the Indemnifying Party or others liable on the Payment Obligations or any other person, (ii) enforce Buyer’s 's rights against any other guarantors of the Payment Obligations, (iii) join the Indemnifying Party or any others liable on the Payment Obligations in any action seeking to enforce this Article XI, (iv) exhaust any remedies available to Buyer against any security which shall ever have been given to secure the Payment Obligations, or (v) resort to any other means of obtaining payment of the Payment Obligations.. [The Remainder of this Page is Intentionally Left Blank]
Appears in 2 contracts
Samples: LLC Interest Purchase Agreement (Holly Energy Partners Lp), LLC Interest Purchase Agreement (HollyFrontier Corp)
No Duty To Pursue Others. It shall not be necessary for Buyer (and Xxxxx HFC hereby waives any rights which Xxxxx HFC may have to require Buyer), in order to enforce such payment by XxxxxHFC, first to (i) institute suit or exhaust its remedies against the Indemnifying Party or others liable on the Payment Obligations or any other person, (ii) enforce Buyer’s rights against any other guarantors of the Payment Obligations, (iii) join the Indemnifying Party or any others liable on the Payment Obligations in any action seeking to enforce this Article XI, (iv) exhaust any remedies available to Buyer against any security which shall ever have been given to secure the Payment Obligations, or (v) resort to any other means of obtaining payment of the Payment Obligations.. [The Remainder of this Page is Intentionally Left Blank]
Appears in 1 contract
Samples: LLC Interest Purchase Agreement (Holly Energy Partners Lp)
No Duty To Pursue Others. It shall not be necessary for any Buyer (and Xxxxx hereby waives any rights which Xxxxx may have to require Buyer), in order to enforce such payment by Xxxxx, first to (i) institute suit or exhaust its remedies against the Indemnifying Party or others liable on the Payment Obligations or any other person, (ii) enforce such Buyer’s rights against any other guarantors of the Payment Obligations, (iii) join the Indemnifying Party or any others liable on the Payment Obligations in any action seeking to enforce this Article XI, (iv) exhaust any remedies available to such Buyer against any security which shall ever have been given to secure the Payment Obligations, or (v) resort to any other means of obtaining payment of the Payment Obligations.
Appears in 1 contract
Samples: LLC Interest Purchase Agreement (Holly Energy Partners Lp)