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.

Appears in 19 contracts

Samples: Production Sharing Contract, Production Sharing Contract (Kosmos Energy Ltd.), Production Sharing Contract (Kosmos Energy Ltd.)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Production Sharing Contract (Kosmos Energy Ltd.)

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