Common use of Each Term Clause in Contracts

Each Term. Loan Borrower further agrees that its agreement hereunder constitutes a promise of payment when due and not of collection, and waives any right to require that any resort be had by any Term Loan Lender or the Issuing Bank to any balance of any deposit account or credit on the books of any Term Loan Lender or the Issuing Bank in favor of any other Term Loan Borrower or any other person.

Each Term. Loan Borrower further agrees that its agreement hereunder constitutes a promise of payment when due and not of collection, and waives any right to require that any resort be had by any Term Loan Tranche B Lender or the Issuing Bank to any balance of any deposit account or credit on the books of any Term Loan Tranche B Lender or the Issuing Bank in favor of any other Term Loan Borrower or any other person.