No Exhaustion of Remedies. The Agent and the Lenders shall not be bound or obligated to exhaust their recourse against the Borrower, the Other Guarantors, any other Person or any securities or collateral they may hold or take any other action before being entitled to demand payment from the Guarantor hereunder.
Appears in 3 contracts
Samples: Credit Agreement (Videotron Ltee), Credit Agreement (Quebecor Media Inc), Credit Agreement (Videotron Ltee)
No Exhaustion of Remedies. The Agent Agents and the Lenders shall will not be bound or obligated to proceed against or exhaust their its recourse against the Borrower, the Other Guarantors, any Parent Borrower or other Person persons or any securities or collateral they it may hold or take any other action before being entitled to demand payment from the Guarantor hereunderhereunder provided that an Actionable Event of Default shall have occurred and then be continuing.
Appears in 1 contract
Samples: Senior Revolving Facility Credit Agreement (Tim Hortons Inc.)
No Exhaustion of Remedies. The Agent Agents and the Lenders shall will not be bound or obligated to proceed against or exhaust their its recourse against the Borrower, the Other Guarantors, any Borrowers or other Person persons or any securities or collateral they it may hold or take any other action before being entitled to demand payment from the Guarantor hereunderhereunder provided that an Actionable Event of Default shall have occurred and then be continuing.
Appears in 1 contract
Samples: Senior Revolving Facility Credit Agreement (Tim Hortons Inc.)
No Exhaustion of Remedies. The Administrative Agent and or the Lenders shall will not be bound or obligated to exhaust their its recourse against the Borrower, the Other Guarantors, any Borrower or other Person persons or any securities or collateral they it may hold or take any other action before being entitled to demand payment from the Guarantor hereunder.
Appears in 1 contract
Samples: Guarantee (Linens N Things Inc)
No Exhaustion of Remedies. The Agent and the Lenders shall not be bound or obligated to exhaust their recourse against the Borrower, the Other Guarantors, any other Person or any securities or collateral they may hold or take any other action before being entitled to demand payment from any of the Guarantor Guarantors hereunder.
Appears in 1 contract
Samples: Guarantee (Sun Media Corp)
No Exhaustion of Remedies. The Agent Agents and the Lenders shall will not be bound or obligated to proceed against or exhaust their its recourse against the Borrower, the Other Guarantors, any Subsidiary Borrower or other Person persons or any securities or collateral they it may hold or take any other action before being entitled to demand payment from the Guarantor hereunderhereunder provided that an Actionable Event of Default shall have occurred and then be continuing.
Appears in 1 contract
Samples: Senior Revolving Facility Credit Agreement (Tim Hortons Inc.)
