No Demand Clause Samples
The "No Demand" clause prohibits one party from making certain demands or claims against the other party under specified circumstances. Typically, this clause applies to situations where a party agrees not to pursue payment, performance, or enforcement of rights that might otherwise be available under the contract or law. For example, it may prevent a lender from demanding repayment of a loan before a certain date or under certain conditions. The core function of this clause is to provide certainty and protection to the party benefiting from the restriction, ensuring they are not subject to unexpected or premature demands.
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No Demand. No Partner may demand and receive property other than cash in return for such Partner’s Capital Contributions to the Partnership, and no Partner will be entitled to any distributions from the Partnership (whether in return of such Partner’s Capital Contributions or otherwise) except as provided in this Agreement.
No Demand. Landlord shall have the right to enforce this Guaranty immediately and directly against Guarantor upon any default or event of default under the Lease. Landlord may commence any action or proceeding based upon this Guaranty directly against Guarantor without making Tenant a party defendant in such action or proceeding. Any one or more successive or concurrent actions may be brought against Guarantor either in the same action, if any, brought against Tenant or in separate actions as Landlord, in its sole discretion, deems advisable.
No Demand. No Investor shall demand or receive from the Company (and the Company shall not pay to such Investor) all or any part of the Notes, by way of payment, prepayment, setoff, lawsuit or otherwise, nor will any Investor accelerate payment under the Note, or commence, or cause to commence, prosecute or participate in any administrative, legal or equitable action against the Company, without the written consent of the Requisite Majority Holders, except upon the occurrence of a Liquidation Event as set forth in Section 3 of the Notes. This provision shall be binding upon each of the Investors notwithstanding, and shall prevail over, any provision of the Notes permitting an Investor to demand repayment of the Note.
No Demand. No demand on Guarantors shall be required and no notice to Guarantors of any default or event of default under the Master Lease shall be required. Guarantors hereby waive any such demand or notice. Landlord shall have the right to enforce this Guaranty immediately and directly against any Guarantors upon any default or event of default under the
No Demand. Nutrien may enforce any Power under the Agreement irrespective of whether it has made a demand on the Customer or has enforced any other security for the Guaranteed Obligations.
No Demand. As of the date of this Agreement and of the Closing, Seller has not signed a letter of intent or any agreement (if any) with respect to the purchase and sale of the Property, except as disclosed to Purchaser.
No Demand. Each of the Purchasers hereby agrees that only the Authorized Representative shall have the right to demand payment from the Company under any Note.
No Demand. As of the date of this Agreement and of the Closing, --------- Seller has no agreements or commitments to sell the Property to any third party and has received no demands or claims alleging Seller is so committed.
No Demand. Notwithstanding any provision of this Agreement to the contrary, the Corporation shall make no demand against the Collateral pledged by the Trust except as provided in Article V.
No Demand. Except as provided herein to the contrary the Sponsors' and Shareholders' Obligations are not subject to any prior notice to, demand upon or action against the Borrower or to any prior notice to the Sponsors and/or Shareholders with regard to any default by the Borrower.