No Obligation to Take Action Against Company. Neither the Trustee nor any of the Holders shall have any obligation to enforce or exhaust any rights or remedies or to take any other steps under any security for the obligations under the Guarantees or against the Company or any other person or any property of the Company or any other person before the Trustee is entitled to demand payment and performance by any Guarantor of its liabilities and obligations under its Guarantee, and each Guarantor hereby waives all benefit of discussion.
Appears in 6 contracts
Samples: Fourth Supplemental Indenture (Manitowoc Co Inc), Second Supplemental Indenture (Manitowoc Co Inc), First Supplemental Indenture (Manitowoc Co Inc)
No Obligation to Take Action Against Company. Neither the Trustee nor any of the Holders other Guaranteed Parties shall have any obligation to enforce or exhaust any rights or remedies or to take any other steps under any security for the obligations under the Guarantees Guaranteed Obligations or against the Company or any other person or any property of the Company or any other person before the Trustee is entitled to demand payment and performance by any Guarantor or all Guarantors of its their liabilities and obligations under its Guarantee, and each Guarantor hereby waives all benefit of discussiontheir Guarantees or under this Indenture.
Appears in 5 contracts
Samples: Indenture (Net Servicos De Comunicacao S A), Indenture (Net Servicos De Comunicacao S A), Indenture (Brazilian Communitary Antennae LTD)
No Obligation to Take Action Against Company. Neither -------------------------------------------- the Trustee nor any of the Holders shall have any obligation to enforce or exhaust any rights or remedies or to take any other steps under any security for the obligations under the Guarantees any Guarantee or against the Company or any other person or any property of the Company or any other person before the Trustee is entitled to demand payment and performance by any Guarantor of its liabilities and obligations under its Guarantee, and each Guarantor hereby waives all benefit of discussion.
Appears in 1 contract
Samples: Indenture (Sola International Inc)
No Obligation to Take Action Against Company. Neither the Trustee nor any of the Holders other Person shall have any obligation to enforce or exhaust any rights or remedies or to take any other steps under any security for the obligations under the Guarantees Obligations or against the Company or any other person Person or any property of the Company or any other person Person before the Trustee is entitled to demand payment and performance by any Guarantor or all Guarantors of its their liabilities and obligations under its Guarantee, and each Guarantor hereby waives all benefit of discussiontheir Guarantees or under this Indenture.
Appears in 1 contract
Samples: Indenture (Quality Distribution Inc)
