Common use of No Obligation To Take Action Against the Issuer Clause in Contracts

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.

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 of the ISSUER under this Indenture or the Notes or against the Issuer ISSUER or any other Person or any property Property of the Issuer ISSUER or any other Person before the Trustee is entitled to demand payment and performance by any or all Subsidiary Guarantors and/or the Subordinated Guarantor of their liabilities and obligations under their Guarantees or the Subordinated Guarantee or under this Indenture.

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 of the Issuer under this Indenture or the Securities, or against the Issuer or any other Person or any property assets or properties of the Issuer or any other Person before the Trustee is entitled to demand payment and performance by any or all Parent Guarantors and/or the Subordinated Guarantor of their liabilities and obligations under their Guarantees or the Subordinated Guarantee any Parent Guaranty or under this Indenture.