Common use of Exhaustion of Other Remedies Not Required Clause in Contracts

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any of the Credit Parties and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, or any other person, entity, or property before enforcing this Guaranty against any Guarantor.

Appears in 10 contracts

Samples: Term Loan Agreement (STAG Industrial, Inc.), Term Loan Agreement (STAG Industrial, Inc.), Term Loan Agreement (STAG Industrial, Inc.)

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Exhaustion of Other Remedies Not Required. The obligations of each the Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each The Guarantor waives diligence by any of the Credit Parties and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, or any other person, entity, or property before enforcing this Guaranty against any the Guarantor.

Appears in 9 contracts

Samples: Credit Agreement (STAG Industrial, Inc.), Term Loan Agreement (STAG Industrial, Inc.), Term Loan Agreement (STAG Industrial, Inc.)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any of the Credit Parties holders and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party holder to exhaust any right or remedy or to take any action against the BorrowerIssuer, any other guarantor, or any other person, entity, or property before enforcing this Guaranty against any Guarantor.

Appears in 6 contracts

Samples: Note Purchase Agreement (STAG Industrial, Inc.), Note Purchase Agreement (STAG Industrial, Inc.), Note Purchase Agreement (STAG Industrial, Inc.)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any of the Credit Parties holders and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party holders to exhaust any right or remedy or to take any action against the BorrowerIssuer, any other guarantor, or any other person, entity, or property before enforcing this Guaranty against any Guarantor.

Appears in 6 contracts

Samples: Note Purchase Agreement (STAG Industrial, Inc.), Note Purchase Agreement (STAG Industrial, Inc.), Note Purchase Agreement (STAG Industrial, Inc.)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any the Holders of the Credit Parties Obligations and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party Holder of Obligations to exhaust any right or remedy or to take any action against the any Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any such Guarantor.

Appears in 6 contracts

Samples: Credit Agreement (Watts Water Technologies Inc), Credit Agreement (Watts Water Technologies Inc), Credit Agreement (Watts Water Technologies Inc)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any of the Credit Parties Administrative Agent or the Lenders and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party the Administrative Agent or the Lenders to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any such Guarantor.

Appears in 5 contracts

Samples: Credit Agreement (Texas Roadhouse, Inc.), Credit Agreement (Texas Roadhouse, Inc.), Credit Agreement (Texas Roadhouse, Inc.)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any of the Credit Parties and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, or any other person, entity, or property before enforcing this Guaranty against any Guarantor.

Appears in 5 contracts

Samples: Term Loan Agreement (STAG Industrial, Inc.), Guaranty (Walker & Dunlop, Inc.), Parent Guaranty Agreement (American Realty Capital Trust, Inc.)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any of the Credit Parties and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any the Credit Party Parties to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any Guarantor.

Appears in 5 contracts

Samples: Credit Agreement (PMC Commercial Trust /Tx), Unconditional Guaranty Agreement (Armada Hoffler Properties, Inc.), Guaranty Agreement (Armada Hoffler Properties, Inc.)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any of the Credit Lender Parties and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party the Lender Parties to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any such Guarantor.

Appears in 5 contracts

Samples: Revolving Loan Agreement (Kb Home), Revolving Loan Agreement (Kb Home), Revolving Credit Agreement (WCI Communities, Inc.)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any of the Credit Parties and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, or any other person, entity, or property before enforcing this Guaranty against any Guarantor.

Appears in 4 contracts

Samples: Term Loan Agreement (STAG Industrial, Inc.), Subsidiary Guaranty Agreement (American Realty Capital Properties, Inc.), Subsidiary Guaranty Agreement (American Realty Capital Trust, Inc.)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by Administrative Agent or any of the Credit Parties Lender and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring Administrative Agent or any Credit Party Lender to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any each Guarantor.

Appears in 4 contracts

Samples: Assignment and Assumption (Wci Communities Inc), Assignment and Assumption (Capital Lodging), Senior Term Loan Agreement (Wci Communities Inc)

Exhaustion of Other Remedies Not Required. The obligations of each the Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each The Guarantor waives diligence by any of the Credit Parties Lender and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party the Lender to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any the Guarantor.

Appears in 2 contracts

Samples: Credit Agreement (Usana Health Sciences Inc), Nelnet Inc

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by Administrative Agent or any of the Credit Parties Lender and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring Administrative Agent or any Credit Party Lender to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any Guarantor.

Appears in 2 contracts

Samples: Credit Agreement (CNL Hotels & Resorts, Inc.), Assignment and Assumption (Capital Lodging)

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Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any of the Credit Parties Lender and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party Lender to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any Guarantor.

Appears in 2 contracts

Samples: North American Vaccine Inc, North American Vaccine Inc

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by Administrative Agent or any of the Credit Parties Lender and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring Administrative Agent or any Credit Party Lender to exhaust any right or remedy or to take any action against the BorrowerBorrowers, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any each Guarantor.

Appears in 1 contract

Samples: Continuing Guaranty Agreement (RFS Partnership Lp)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each This is a guaranty of payment and not of collection. Guarantor waives diligence by any of the Credit Parties Bank and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party the Banks to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Nordson Corp)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each Guarantor waives diligence by any of the Credit Parties Administrative Agent and the Lenders and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party the Administrative Agent and the Lenders to exhaust any right or remedy or to take any action against the BorrowerBorrowers, any one of them, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any such Guarantor.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Aimco Properties Lp)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of a primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each This is a guaranty of payment and not of collection. Guarantor waives diligence by any of the Credit Parties Bank and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party the Bank to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any Guarantor.

Appears in 1 contract

Samples: Unconditional Guaranty (CALGON CARBON Corp)

Exhaustion of Other Remedies Not Required. The obligations of each Guarantor hereunder are those of a primary obligor, and not merely as a surety, and are independent of the Guaranteed Obligations. Each To the fullest extent permitted by applicable law, each Guarantor waives diligence by any of the Credit Parties Lender and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party the Lender to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any Guarantor.

Appears in 1 contract

Samples: Guaranty Agreement (Vulcan Materials CO)

Exhaustion of Other Remedies Not Required. The obligations of each the Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations. Each The Guarantor waives diligence by any of the Credit Parties Administrative Agent or the Lenders and action on delinquency in respect of the Guaranteed Obligations or any part thereof, including, without limitation any provisions of law requiring any Credit Party the Administrative Agent or the Lenders to exhaust any right or remedy or to take any action against the Borrower, any other guarantor, guarantor or any other person, entity, entity or property before enforcing this Guaranty against any the Guarantor.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Armor Holdings Inc)

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