Common use of No Prior Action Required Clause in Contracts

No Prior Action Required. The State shall not be required to make demand for payment or performance first against the Company or any other Person or to proceed against any collateral or other security which might be held by the State or otherwise to take any action before resorting to the Guarantor hereunder.

No Prior Action Required. The State shall not be required to make demand for payment or performance first against the Company or any other Person or to proceed against any collateral col lateral or other security which might be held by the State or otherwise to take any action before resorting to the Guarantor hereunder.