Common use of No Obligation to Enforce Other Rights Clause in Contracts

No Obligation to Enforce Other Rights. The Obligor waives any right it may have of requiring the Lender (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Obligor under this Agreement and the Obligor waives all benefits of discussion and division. These waivers apply irrespective of any law or any provision of the Credit Agreement to the contrary.

Appears in 2 contracts

Samples: Guarantee and Indemnity (Yappn Corp.), Guarantee and Indemnity (Yappn Corp.)

AutoNDA by SimpleDocs

No Obligation to Enforce Other Rights. The Obligor waives any right it may have of requiring the Lender (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Obligor under this Agreement and the Obligor waives all benefits of discussion and division. These waivers apply irrespective of any law or any provision of the Credit Agreement any Loan Document to the contrary.

Appears in 1 contract

Samples: Loan Agreement (Enerkem Inc.)

AutoNDA by SimpleDocs

No Obligation to Enforce Other Rights. The Obligor waives any right it may have of requiring the Lender Secured Parties (or any trustee or agent on its their behalf) to proceed against or enforce any other rights or security or claim payment from any person Person before claiming from the Obligor under this Agreement and the Obligor waives all benefits of discussion and division. These waivers apply irrespective of any law or any provision of the Credit Agreement any Loan Document to the contrary.

Appears in 1 contract

Samples: Credit Agreement (PHH Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!