Common use of Immediate recourse Clause in Contracts

Immediate recourse. None of the Finance Parties shall be obliged, before exercising or enforcing any of the rights conferred upon them in respect of the Guarantors by this Agreement or by Law, to seek to recover amounts due from any Borrower or to exercise or enforce any other rights or Security any of them may have or hold in respect of any of the obligations of any Borrower under any of the Finance Documents save that no demand for any payment may be made on any Restricted Guarantor unless such demand has first been made on the relevant Borrower.

Immediate recourse. None of the Relevant Finance Parties shall be obliged, before exercising or enforcing any of the rights conferred upon them in respect of the Guarantors by this Agreement or by Law, to seek to recover amounts due from any Borrower or to exercise or enforce any other rights or Security any of them may have or hold in respect of any of the obligations of any Borrower under any of the Relevant Finance Documents save that no demand for any payment may be made on any Restricted Guarantor unless such demand has first been made on the relevant Borrower.

Immediate recourse. None of the Finance Parties shall be obliged, before exercising or enforcing any of the rights conferred upon them in respect of the Guarantors by this Agreement or by Law, to seek to recover amounts due from any the Borrower or to exercise or enforce any other rights or Security any of them may have or hold in respect of any of the obligations of any the Borrower under any of the Finance Documents save that no demand for any payment may be made on any Restricted Guarantor unless such demand has first been made on the relevant BorrowerDocuments.

Immediate recourse. None of the Finance Parties shall be obliged, before exercising or enforcing any of the rights conferred upon them in respect of the Guarantors by this Agreement or by Law, to seek to recover amounts due from any Borrower the Borrowers or to exercise or enforce any other rights or Security any of them may have or hold in respect of any of the obligations of any Borrower the Borrowers under any of the Finance Documents save that no demand for any payment may be made on any Restricted Guarantor unless such demand has first been made on the relevant BorrowerDocuments.

Immediate recourse. None of the Finance Parties shall be obliged, before exercising or enforcing any of the rights conferred upon them in respect of the Guarantors by this Agreement or by Law, to seek to recover amounts due from any either Borrower or to exercise or enforce any other rights or Security any of them may have or hold in respect of any of the obligations of any Borrower the Borrowers or either of them under any of the Finance Documents save that no demand for any payment may be made on any Restricted Guarantor unless such demand has first been made on the relevant BorrowerDocuments.

Immediate recourse. None of the Finance Parties shall be obliged, before exercising or enforcing any of the rights conferred upon them in respect of the Guarantors by this Agreement or by Law, to seek to recover amounts due from any either Borrower or to exercise or enforce any other rights or Security any of them may have or hold in respect of any of the obligations of any Borrower the Borrowers (or either of them) under any of the Finance Documents save that no demand for any payment may be made on any Restricted Guarantor unless such demand has first been made on the relevant BorrowerDocuments.

Immediate recourse. None of the Finance Parties shall be obliged, before exercising or enforcing any of the rights conferred upon them in respect of the Guarantors by this Agreement or by Law, to seek to recover amounts due from any the Borrower or to exercise or enforce any other rights or Security any of them may have or hold in respect of any of the obligations of any the Borrower under any of the Finance Documents save that no demand for any payment may be made on any Restricted Guarantor unless such demand has first been made on the relevant Borrower.

Immediate recourse. None of the Finance Parties shall be obliged, before exercising or enforcing any of the rights conferred upon them in respect of the Guarantors by this Agreement or by Law, to seek to recover amounts due from any Borrower other Obligor or to exercise or enforce any other rights or Security any of them may have or hold in respect of any of the obligations of any Borrower Obligor under any of the Finance Documents save that no demand for any payment may be made on any Restricted Guarantor unless such demand has first been made on the relevant BorrowerDocuments.

Immediate recourse. None of the Finance Parties shall be obliged, before exercising or enforcing any of the rights conferred upon them in respect of the Guarantors by this Agreement or by Law, to seek to recover amounts due from any Borrower the Obligors or to exercise or enforce any other rights or Security Encumbrances any of them may have or hold in respect of any of the obligations of the Obligors (or any Borrower of them) under any of the Finance Documents save that no demand for any payment may be made on any Restricted Guarantor unless such demand has first been made on the relevant BorrowerDocuments.