No Exhaustion of Remedies. The Beneficiaries shall not be bound or obligated to exhaust their recourse against the Borrower, any Subsidiary or other persons or any securities or collateral it may hold or take any other action (other than to make demand pursuant to Article 5) before the Beneficiaries shall be entitled to demand, enforce and collect payment from the Guarantor hereunder.
Appears in 5 contracts
Samples: Guarantee (Ovintiv Inc.), Guarantee (Ovintiv Inc.), Guarantee (Ovintiv Inc.)
No Exhaustion of Remedies. The Beneficiaries shall not be bound or obligated to exhaust their recourse against the any Borrower, any Subsidiary or other persons or any securities or collateral it they may hold or take any other action (other than to make demand pursuant to Article 5) before the Beneficiaries shall be entitled to demand, enforce and collect payment from the Guarantor hereunder.
Appears in 3 contracts
Samples: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.), Agreement (Baytex Energy Corp.)
No Exhaustion of Remedies. The Beneficiaries shall not be bound or obligated to exhaust their recourse against the either Borrower, any Subsidiary or other persons or any securities or collateral it they may hold or take any other action (other than to make demand pursuant to Article 5) before the Beneficiaries shall be entitled to demand, enforce and collect payment from the Guarantor hereunder.
Appears in 3 contracts
Samples: Agreement (Baytex Energy Corp.), Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.)
No Exhaustion of Remedies. The Beneficiaries shall not be bound or obligated to exhaust their recourse against the Borrower, any Subsidiary Loan Party or other persons Persons or any securities or collateral it may hold or take any other action (other than to make demand pursuant to Article 5Section 1) before the Beneficiaries shall be entitled to demand, enforce and collect payment from the Guarantor hereunder.
Appears in 2 contracts
Samples: Security Agreement, Security Agreement (USD Partners LP)
No Exhaustion of Remedies. The Beneficiaries shall not be bound or obligated to exhaust their recourse against the Borrower, any Subsidiary or other persons or any securities or collateral it may hold or take any other action (other than to make demand pursuant to Article 5) before the Beneficiaries shall be entitled to demand, enforce and collect payment from the Guarantor hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Greenfire Resources Ltd.), Credit Agreement (PENGROWTH ENERGY Corp)
No Exhaustion of Remedies. The Beneficiaries shall not be bound or obligated to exhaust their recourse against the Borrower, any Subsidiary Loan Party or other persons Persons or any securities or collateral it may hold or take any other action (other than to make demand pursuant to Article 5Section 1) before the Beneficiaries shall be entitled to demand, enforce and collect payment from the Guarantor Guarantors hereunder.
Appears in 2 contracts
Samples: Security Agreement, Security Agreement (USD Partners LP)
No Exhaustion of Remedies. The Beneficiaries shall not be bound or obligated to exhaust their recourse against the Borrower, any Subsidiary Borrower or other persons or any securities or collateral it may hold or take any other action (other than to make demand pursuant to Article 5) before the Beneficiaries shall be entitled to demand, enforce and collect payment from the Guarantor hereunder.
Appears in 1 contract
Samples: Baytex Energy Trust
No Exhaustion of Remedies. The Beneficiaries shall not be bound or obligated to exhaust their recourse against the either Borrower, any Subsidiary or other persons or any securities or collateral it they may hold or take any 31150487.8 other action (other than to make demand pursuant to Article 5) before the Beneficiaries shall be entitled to demand, enforce and collect payment from the Guarantor hereunder.
Appears in 1 contract
