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

Waiver of Right to Require Marshaling. Except as set forth in this Agreement to the contrary, each Lender hereby expressly waives any right that it otherwise might have to require the other Lender to marshal assets or to resort to Property or Collateral in any particular order or manner, whether provided for by common law or statute.

Appears in 6 contracts

Samples: Housing Development Agency Intercreditor Agreement, Housing Development Agency Intercreditor Agreement, Housing Development Agency Intercreditor Agreement

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Waiver of Right to Require Marshaling. Except as set forth in this Agreement to the contrary, each Each Lender hereby expressly ------------------------------------- waives any right that it otherwise might have to require the other Lender to marshal assets or to resort to Property or Collateral in any particular order or manner, whether provided for by common law or statute. Neither Lender shall be required to enforce any guaranty or any security interest or lien given by any obligor as a condition precedent or concurrent to the taking of any Enforcement Action with respect to the Collateral.

Appears in 2 contracts

Samples: Intercreditor Agreement (Corsair Communications Inc), Loan and Security Agreement (Corsair Communications Inc)

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