Prior Recourse. Secured Party's prior recourse to any Pledged Collateral shall not constitute a condition of any demand, suit or proceeding for payment or collection of the Secured Obligations.
Appears in 14 contracts
Samples: Stock Pledge Agreement (Marconi Corp PLC), Stock Pledge Agreement (Marconi Corp PLC), Stock Pledge Agreement (Marconi Corp PLC)
Prior Recourse. Secured Party's ’s prior recourse to any Pledged Collateral shall not constitute a condition of any demand, suit or proceeding for payment or collection of the Secured Obligations.
Appears in 2 contracts
Samples: Pledge Agreement (Golfsmith International Holdings Inc), Pledge Agreement (Kansas City Southern)
Prior Recourse. Secured Party's ’s prior recourse to any Pledged Collateral shall not constitute a condition of any demand, suit or proceeding for payment or collection of the Secured Obligations.
Appears in 1 contract
