No Exhaustion of Remedies. The Trustee will not be bound or obligated to exhaust its recourse against the Obligor or other Persons or any securities or collateral it may hold or take any other action before being entitled to demand payment from the Guarantor hereunder.
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Samples: Subscription Agreement (Fairfax Financial Holdings LTD/ Can), Indenture (Fairfax Financial Holdings LTD/ Can)
No Exhaustion of Remedies. The Trustee will not be bound or obligated to proceed against or exhaust its recourse against the Obligor or other Persons persons or any securities or collateral it may hold or take any other action before being entitled to demand payment from the Guarantor hereunderhereunder provided that an Event of Default shall have occurred, unless such Event of Default shall have been cured by the Issuer or shall have been waived by the Trustee and/or Noteholders under the Trust Indenture.
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Samples: Tim Hortons Inc.
No Exhaustion of Remedies. The Trustee will not be bound or obligated to proceed against or exhaust its recourse against the Obligor or other Persons persons or any securities or collateral it may hold or take any other action before being entitled to demand payment from the Parent Guarantor hereunder.
Appears in 1 contract
Samples: Restaurant Brands International Inc.
No Exhaustion of Remedies. The Trustee will not be bound or obligated to exhaust its recourse against the Obligor or other Persons persons or any securities or collateral it may hold or take any other action before being entitled to demand payment from the Guarantor hereunder.
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