Right to Immediate Payment or Performance. 5.2.1 Tarion shall not be bound to make any demand on or to seek or exhaust its recourse against the Builder or any other person or to realize on any Security or assurances held by Tarion in respect of the Indemnified Amounts before being entitled to demand payment from or performance by the Builder and enforce its rights under this Agreement and the Builder hereby renounces all benefits of discussion and division.
Appears in 3 contracts
Samples: Builder Agreement, Builder Agreement, Builder Agreement
Right to Immediate Payment or Performance. 5.2.1 Tarion shall not be bound to make any demand on or to seek or exhaust its recourse against the Builder Vendor or any other person or to realize on any Security or assurances held by Tarion in respect of the Indemnified Amounts before being entitled to demand payment from or performance by the Builder Vendor and enforce its rights under this Agreement and the Builder Vendor hereby renounces all benefits of discussion and division.
Appears in 3 contracts
Samples: Vendor Agreement, Vendor Agreement, Vendor Agreement
Right to Immediate Payment or Performance. 5.2.1 Tarion shall not be bound to make any demand on or to seek or exhaust its recourse against the Vendor/Builder or any other person or to realize on any Security or assurances held by Tarion in respect of the Indemnified Amounts before being entitled to demand payment from or performance by the Vendor/Builder and enforce its rights under this Agreement and the Vendor/Builder hereby renounces all benefits of discussion and division.
Appears in 2 contracts
Samples: Vendor and Supplier Contracts, Vendor and Builder Agreement
