Enforcement Only by Global Agent Sample Clauses


Enforcement Only by Global Agent. The Creditors agree that this Guaranty may be enforced only by the action of the Global Agent, acting upon the instructions of the Required Lenders, and that no Creditor shall have any right individually to seek to enforce this Guaranty, it being understood and agreed that such rights and remedies may be exercised by the Global Agent, for the benefit of the Creditors, upon the terms of this Guaranty. The Global Agent and the other Creditors further agree that this Guaranty may not be enforced against any director, officer or employee of any Guarantor, as such.