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

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 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 and enforce its rights under this Agreement and the Vendor hereby renounces all benefits of discussion and division.

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.

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 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 Vendor/Builder and enforce its rights under this Agreement and the Vendor Vendor/Builder hereby renounces all benefits of discussion and division.

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 Vendor/Builder or any other person or to realize on any Security or assurances held by Tarion Xxxxxx in respect of the Indemnified Amounts before being entitled to demand payment from or performance by the Vendor Vendor/Builder and enforce its rights under this Agreement and the Vendor Vendor/Builder hereby renounces all benefits of discussion and division.