Common use of Right to Immediate Payment or Performance Clause in Contracts

Right to Immediate Payment or Performance. The Trustee or Trustees shall not be bound to make any demand on or to seek or exhaust their recourse against the Issuers or any other Person before being entitled to demand payment from the Guarantors or any one of them and enforce their rights under this Agreement, and each Guarantor hereby renounces all benefits of discussion and division.

Appears in 12 contracts

Samples: Guarantee (Brookfield Infrastructure Partners L.P.), Guarantee (Brookfield Infrastructure Partners L.P.), Guarantee (Brookfield Infrastructure Partners L.P.)

AutoNDA by SimpleDocs

Right to Immediate Payment or Performance. The Trustee or Trustees shall not be bound to make any demand on or to seek or exhaust their its recourse against the Issuers Borrower or any other Person before being entitled to demand payment from the Guarantors or any one of them Guarantor and enforce their its rights under this Agreement, and each the Guarantor hereby renounces all benefits of discussion and division.

Appears in 9 contracts

Samples: Guarantee (Brookfield Renewable Corp), Guarantee (Brookfield Renewable Partners L.P.), Guarantee (Brookfield Renewable Partners L.P.)

Right to Immediate Payment or Performance. The Trustee or Trustees shall not be bound to make any demand on or to seek or exhaust their recourse against the Issuers or any other Person before being entitled to demand payment from the Guarantors or any one of them Guarantor and enforce their rights under this Agreement, and each the Guarantor hereby renounces all benefits of discussion and division.

Appears in 3 contracts

Samples: Guarantee (Brookfield Infrastructure Corp), Guarantee (Brookfield Infrastructure Partners L.P.), Guarantee (Brookfield Infrastructure Partners L.P.)

Right to Immediate Payment or Performance. The Trustee or Trustees shall not be bound to make any demand on or to seek or exhaust their its recourse against the Issuers Issuer or any other Person before being entitled to demand payment from the Guarantors or any one of them and enforce their its rights under this Agreement, and each . Each Guarantor hereby renounces all benefits of discussion and division.

Appears in 3 contracts

Samples: Guarantee (Brookfield Renewable Corp), Guarantee (Brookfield Renewable Partners L.P.), Guarantee (Brookfield Property Partners L.P.)

AutoNDA by SimpleDocs

Right to Immediate Payment or Performance. The Trustee or Trustees shall not be bound to make any demand on or to seek or exhaust their its recourse against the Issuers Corporation or any other Person before being entitled to demand payment from the Guarantors or any one of them and enforce their its rights under this Agreement, and each Fifth Supplemental Indenture. Each Guarantor hereby renounces all benefits of discussion and division.

Appears in 2 contracts

Samples: Fifth Supplemental Indenture (Brookfield Renewable Corp), Fifth Supplemental Indenture (Brookfield Renewable Partners L.P.)

Right to Immediate Payment or Performance. The Trustee or Trustees shall not be bound to make any demand on or to seek or exhaust their its recourse against the Issuers Company or any other Person or to realize on any Security held by it in respect of the Guaranteed Obligations before being entitled to demand payment from or performance by the Guarantors or any one of them Guarantor and enforce their its rights under this Agreement, and each the Guarantor hereby renounces all benefits of discussion and division.

Appears in 1 contract

Samples: Guarantee and Indemnity (Archibald Candy Corp)

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