No Obligation To Take Action Against the Issuer Sample Clauses

No Obligation To Take Action Against the Issuer. Neither the Trustee nor any other Person shall have any obligation to enforce or exhaust any rights or remedies against the Issuer or any other Person or any property of the Issuer or any other Person before the Trustee is entitled to demand payment and performance by any or all Guarantors of their liabilities and obligations under their Guarantees or under this Indenture.
Sample 1Sample 2Sample 3See All (88)
AutoNDA by SimpleDocs
No Obligation To Take Action Against the Issuer. Neither the Trustee nor any 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 or against the Issuer or any other Person or any property of the Issuer or any other Person before the Trustee is entitled to demand payment and performance by any or all Guarantors and/or the Subordinated Guarantor of their liabilities and obligations under their Guarantees or the Subordinated Guarantee or under this Indenture.
Sample 1Sample 2Sample 3See All (5)
No Obligation To Take Action Against the Issuer. 109 SECTION 12.15. Dealing with the Issuer and Others 109 SECTION 12.16. Default and Enforcement 109 SECTION 12.17. Amendment, Etc 110 SECTION 12.18. Acknowledgment 110 SECTION 12.19. Costs and Expenses 110
Sample 1
No Obligation To Take Action Against the Issuer. 105 SECTION 12.15. Dealing with the Issuer and Others. 105
Sample 1
No Obligation To Take Action Against the Issuer. 108 SECTION 11.16. Dealing with the Issuer and Others. 108 SECTION 11.17. Default and Enforcement. 109 SECTION 11.18. Amendment, Etc. 109 SECTION 11.19. Acknowledgment. 109 SECTION 11.20. Costs and Expenses. 109 SECTION 11.21. No Merger or Waiver; Cumulative Remedies. 109 SECTION 11.22. Survival of Guarantee Obligations. 110 SECTION 11.23. Guarantee in Addition to Other Guarantee Obligations. 110 SECTION 11.24. Severability. 110 SECTION 11.25. Successors and Assigns. 110 ARTICLE TWELVE MISCELLANEOUS 110 SECTION 12.01. TIA Controls. 110 SECTION 12.02. Notices. 111 SECTION 12.03. Communications by Holders with Other Holders. 112 SECTION 12.04. Certificate and Opinion as to Conditions Precedent. 113 SECTION 12.05. Statements Required in Certificate or Opinion. 113 SECTION 12.06. Rules by Trustee, Paying Agent, Registrar. 113 SECTION 12.07. Legal Holidays. 113 SECTION 12.08. Governing Law. 114 SECTION 12.09. No Adverse Interpretation of Other Agreements. 114 SECTION 12.10. No Recourse Against Others. 114 SECTION 12.11. Successors. 114 SECTION 12.12. Duplicate Originals. 114 SECTION 12.13. Severability. 114 SECTION 12.14. Force Majeure. 114 INDENTURE, dated as of July 20, 2011 (as amended, supplemented, waived or otherwise modified from time to time, this “Indenture”), among WM FINANCE CORP., a Delaware corporation, as issuer, the Guarantors, if any, from time to time party hereto and XXXXX FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”). Each party hereto agrees as follows for the benefit of each other party and for the equal and ratable benefit of the Holders.
Sample 1

Related to No Obligation To Take Action Against the Issuer

  • No Obligation To Take Action Against the Company Neither the Trustee nor any 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 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 or all Guarantors of their liabilities and obligations under their Guarantees or under this Indenture.

  • No obligation to monitor No Finance Party is bound to monitor or verify the utilisation of a Facility.

  • No Obligation to Inquire Without limiting the generality of the foregoing, Bank shall be under no obligation to inquire into, and shall not be liable for, the validity of the issue of any Securities, Collateral or Approved Investments held in the Account or Collateral Account, or the legality or propriety of any Loans hereunder.

  • No Obligation to Employ Nothing in the Plan or this Agreement shall confer on Participant any right to continue in the employ of, or other relationship with, the Company or any Affiliate, or limit in any way the right of the Company or any Affiliate to terminate Participant’s employment or other relationship at any time, with or without Cause.

  • No Obligation to Seek Advice Nothing in this section shall be construed so as to impose an obligation upon PFPC (i) to seek such directions or advice or Oral Instructions or Written Instructions, or (ii) to act in accordance with such directions or advice or Oral Instructions or Written Instructions.

  • No Obligation to Pursue Others Bank has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Bank may release, modify or waive any collateral provided by any other Person to secure any of the Obligations, all without affecting Bank’s rights against Borrower. Borrower waives any right it may have to require Bank to pursue any other Person for any of the Obligations.

  • No Obligation to Act The Agent shall not be obligated to do any of the acts or to exercise any of the powers authorized by Section 9-1 herein, but if the Agent elects to do any such act or to exercise any of such powers, it shall not be accountable for more than it actually receives as a result of such exercise of power, and shall not be responsible to the Borrower for any act or omission to act except for any act or omission to act as to which there is a final determination made in a judicial proceeding (in which proceeding the Agent has had an opportunity to be heard) which determination includes a specific finding that the subject act or omission to act had been grossly negligent or in actual bad faith.

  • Prohibition Against Assignment During the Vesting Period, the Restricted Shares may not be transferred or encumbered by the Recipient by means of sale, assignment, mortgage, transfer, exchange, pledge, or otherwise. The levy of any execution, attachment, or similar process upon the Restricted Shares shall be null and void.

  • No Obligation to Mitigate Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

  • No Obligation to Third Parties The execution and delivery of this Agreement shall not be deemed to confer any rights upon, nor obligate either of the parties hereto to, any person or entity not a party to this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.