Common use of Waiver of Right to Require Marshaling Clause in Contracts

Waiver of Right to Require Marshaling. Each Creditor hereby expressly waives any right that it otherwise might have to require any other Creditor to marshal assets or to resort to Collateral in any particular order or manner, whether provided for by common law or statute. No Creditor shall be required to enforce any guaranty or any security interest or lien given by any person or entity as a condition precedent or concurrent to the taking of any Enforcement Action with respect to the Collateral.

Waiver of Right to Require Marshaling. Each Creditor hereby Creditor, expressly waives any right that it otherwise might have to require any other Creditor to marshal assets or to resort to Collateral in any particular order or manner, whether provided for by common law or statute. No Creditor shall be required to enforce any guaranty or any security interest or lien given by any person or entity as a condition precedent or concurrent to the taking of any Enforcement Action with respect to the Collateral.

Waiver of Right to Require Marshaling. Each Creditor hereby expressly waives any right that it otherwise might have to require any the other Creditor to marshal assets or to resort to Collateral in any particular order or manner, whether provided for by common law or statute; provided that this Section shall not override any specific provision of this Agreement. No Creditor shall be required to enforce any guaranty or any security interest or lien given by any person or entity other than the Grantors as a condition precedent or concurrent to the taking of any Enforcement Action with respect to the CollateralAction.

Waiver of Right to Require Marshaling. Each Creditor hereby expressly waives any right that it otherwise might have to require any the other Creditor Creditors to marshal assets or to resort to any of the Collateral in any particular order or manner, whether provided for by common law or statute, provided that this paragraph shall not override any specific provision of this Agreement. No Creditor shall be required to enforce any guaranty or any security interest or lien given by any person or entity other than SCB as a condition precedent or concurrent to the taking of any Enforcement Action with respect to the CollateralAction.