Common use of Recourse to Security Clause in Contracts

Recourse to Security. Recourse to security shall not be required for any Obligation hereunder and each Grantor hereby waives, to the extent such waiver is not prohibited by Applicable Law, any requirement that the Collateral Agent or the Secured Parties exhaust any right or take any action against any of the Collateral before proceeding to enforce the Obligations against such Grantor.

Recourse to Security. Recourse to security shall not be required for any Obligation hereunder hereunder, and each Grantor the Borrower hereby waives, to the extent such waiver is not prohibited by Applicable Law, waives any requirement that the Collateral Agent or the Secured Parties Lenders exhaust any right or take any action against any of the Collateral before proceeding to enforce the Obligations against such Grantorthe Borrower.

Recourse to Security. Recourse to security shall not be required for any Obligation hereunder and each Grantor hereby waives, to the extent such waiver is not prohibited by Applicable Law, waives any requirement that the Collateral Agent or the Secured Parties Lenders exhaust any right or take any action against any of the Collateral before proceeding to enforce the Obligations against such Grantor.

Recourse to Security. Recourse to security shall not be required for any Obligation hereunder and each Grantor the Borrower hereby waives, to the extent such waiver is not prohibited by Applicable Law, waives any requirement that the Collateral Agent or the Secured Parties exhaust any right or take any action against any of the Collateral before proceeding to enforce the Obligations against such Grantorthe Borrower.