Recourse against Servicer. The Trust shall not be required to exhaust its recourse against the Servicer, Seller or any other person, or under any other security or guarantee, before being entitled to performance by the Performance Guarantor under this Agreement.
Appears in 9 contracts
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.)
Recourse against Servicer. The Trust Trust, the Agents and the Financial Services Agent shall not be required to exhaust its their respective recourse against the Servicer, Seller or any other person, or under any other security or guarantee, before being entitled to performance by the Performance Guarantor under this Agreement.
Appears in 1 contract
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.)
