Enforcement of Guarantee. Without limiting any other provision of this Subordinated Guarantee, in no event shall any Payee have any obligation to proceed against JHVLICO or any other person or property before seeking satisfaction from the Guarantor. Any Payee may enforce the Subordinated Guarantee directly against the Guarantor, subject to no preconditions other than failure by JHVLICO to pay when due any guaranteed amount.
Appears in 4 contracts
Samples: Manulife Financial Corp, Hancock John Financial Services Inc, Hancock John Variable Life Insurance Co
Enforcement of Guarantee. Without limiting any other provision of this Subordinated Guarantee, in no event shall any Payee have any obligation to proceed against JHVLICO JHUSA or any other person or property before seeking satisfaction from the Guarantor. Any Payee may enforce the Subordinated Guarantee directly against the Guarantor, subject to no preconditions other than failure by JHVLICO JHUSA to pay when due any guaranteed amount.
Appears in 3 contracts
Samples: Manulife Financial Corp, John Hancock Life Insurance Co Usa, Manulife Financial Corp
Enforcement of Guarantee. Without limiting any other provision of this Subordinated Guarantee, in no event shall any Payee have any obligation to proceed against JHVLICO JHNY or any other person or property before seeking satisfaction from the Guarantor. Any Payee may enforce the Subordinated Guarantee directly against the Guarantor, subject to no preconditions other than failure by JHVLICO JHNY to pay when due any guaranteed amount.
Appears in 2 contracts
Enforcement of Guarantee. Without limiting any other provision of this Subordinated Guarantee, in no event shall any Payee have any obligation to proceed against JHVLICO JHLICO or any other person or property before seeking satisfaction from the Guarantor. Any Payee may enforce the Subordinated Guarantee directly against the Guarantor, subject to no preconditions other than failure by JHVLICO JHLICO to pay when due any guaranteed amountamount pursuant to or under any New Note.
Appears in 1 contract
Samples: Subordinated New Note Guarantee (Hancock John Life Insurance Co)
Enforcement of Guarantee. Without limiting any other provision of this Subordinated Guarantee, in no event shall any Payee have any obligation to proceed against JHVLICO JHLICO or any other person or property before seeking satisfaction from the Guarantor. Any Payee may enforce the Subordinated Guarantee directly against the Guarantor, subject to no preconditions other than failure by JHVLICO JHLICO to pay when due any guaranteed amountamount pursuant to or under any Old Note.
Appears in 1 contract
Samples: Subordinated Old Note Guarantee (Hancock John Life Insurance Co)
