Common use of Pledgor’s Obligations Absolute Clause in Contracts

Pledgor’s Obligations Absolute. The obligations of the Pledgor under this Agreement shall be direct and immediate and not conditional or contingent upon the pursuit of any remedies against any other person, nor against other security or liens available to the Pledgee or its successors, assigns or agents. The Pledgor hereby waives any right to require that an action be brought against any other person or to require that resort be had to any security or to any balance of any deposit account or credit on the books of the Pledgee in favor of any other Person prior to any exercise of rights or remedies hereunder, or to require resort to rights or remedies of the Pledgee in connection with the Note.

Pledgor’s Obligations Absolute. The obligations of the Pledgor under this Agreement shall be direct and immediate and not conditional or contingent upon the pursuit of any remedies against any other person, nor against other security or liens available to the Pledgee Seller or its his successors, assigns or agents. The Pledgor hereby waives any right to require that an action be brought against any other person or to require that resort be had to any security or to any balance of any deposit account or credit on the books of the Pledgee Seller in favor of any other Person person prior to any exercise of rights or remedies hereunder, or to require resort to rights or remedies of the Pledgee Seller in connection with the Note.