Waiver by Guarantor. 5.1 The Guarantor hereby waives any rights which the Guarantor may have to require the Security Trustee first to enforce any of the other Finance Documents or claim payment from the Borrower or any other person, before enforcing any rights of the Security Trustee against the Guarantor under this Guarantee.
Appears in 4 contracts
Samples: Loan Agreement (KNOT Offshore Partners LP), Loan Agreement (KNOT Offshore Partners LP), KNOT Offshore Partners LP
Waiver by Guarantor. 5.1 The Guarantor hereby waives any rights which the Guarantor may have to require the Security Trustee first to enforce any of the other Finance Documents or claim payment from the Borrower or any other person, before enforcing any rights of the Security Trustee against the Guarantor under this Guarantee.
Appears in 2 contracts
Samples: Loan Agreement (KNOT Offshore Partners LP), Loan Agreement (KNOT Offshore Partners LP)
