Right to Immediate Payment or Performance. The Noteholders shall not be bound to make any demand on or to seek or exhaust their recourse against the Company or any other Person or any Security Interest held by the Noteholders, before being entitled to demand payment from or performance by the Guarantors and enforce their rights under this Agreement, and each Guarantor hereby renounces all benefits of discussion and division.
Appears in 3 contracts
Samples: Note Purchase Agreement (ENERPLUS Corp), Subordination Agreement (ENERPLUS Corp), Guarantee and Subordination Agreement (Enerplus Resources Fund)
Right to Immediate Payment or Performance. The Noteholders shall not be bound to make any demand on or to seek or exhaust their recourse against the Company or any other Person or any Security Interest held by the Noteholders, before being entitled to demand payment from or performance by the Guarantors Guarantor and enforce their rights under this Agreement, and each the Guarantor hereby renounces all benefits of discussion and division.
Appears in 1 contract
Samples: Guarantee and Subordination Agreement (Enerplus Resources Fund)
Right to Immediate Payment or Performance. The Noteholders shall not be bound to make any demand on or to seek or exhaust their recourse against the Company or any other Person or any Security Interest held by the Noteholders, before being entitled to demand payment from or performance by the Guarantors and enforce their rights under this AgreementGuarantee, and each Guarantor hereby renounces all benefits of discussion and division.
Appears in 1 contract
