First Recourse Enforcement Sample Clauses

First Recourse Enforcement. Each of the Securities or any part thereof may be enforced without the Lender first being obligated or having to take recourse to any other security or right or taking any other steps or proceedings against the Borrower(s), the SecurityProviders or any other Person, or may be enforced for any balance due after resorting to any one or more means of obtaining payment or discharge of the obligations owed under the Transaction Documents.

First Recourse Enforcement. The Security Interests under each Security Document may be enforced without the Security Trustee first having recourse to any other security or rights or taking any other steps or proceedings against the Issuer or any other Person, or may be enforced for any balance due after resorting to any one or more means of obtaining payment or discharge of the Secured Obligations all in accordance with the Debenture Documents.