Common use of No Duty To Pursue Others Clause in Contracts

No Duty To Pursue Others. It shall not be necessary for Buyer (and Guarantor hereby waives any rights which Guarantor may have to require Buyer) in order to enforce the obligations of Guarantor hereunder, to (a) institute suit or exhaust its remedies against Seller or others liable on the Guaranteed Obligations, (b) enforce or exhaust Buyer’s rights against any collateral which shall ever have been given to secure the Guaranteed Obligations (c) join Seller or any others liable on the Guaranteed Obligations in any action seeking to enforce this Guaranty, or (d) resort to any other means of obtaining payment of the Guaranteed Obligations, and Buyer shall not be required to mitigate damages or take any other action to collect or enforce the Guaranteed Obligations.

Appears in 6 contracts

Samples: Guaranty Agreement (KKR Real Estate Finance Trust Inc.), Guaranty Agreement (Colony NorthStar Credit Real Estate, Inc.), Guaranty Agreement (NorthStar Real Estate Income II, Inc.)

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No Duty To Pursue Others. It shall not be necessary for Buyer Management (and Guarantor hereby waives any rights which Guarantor may have to require Buyer) Management), in order to enforce the obligations of Guarantor hereundersuch payment by Guarantor, first to (ai) institute suit or exhaust its remedies against Seller or others liable on Tenant with respect to the Guaranteed ObligationsTenant's obligations, (bii) enforce or exhaust Buyer’s any of Managements rights or remedies against any collateral or security which shall ever have been given to secure the Guaranteed Obligations Tenant's performance of the Tenant's obligations, (ciii) join Seller or any others liable on the Guaranteed Obligations Tenant in any action seeking to enforce this Guaranty, or (div) resort to any other means of obtaining payment of the Guaranteed Obligations, and Buyer Tenant's obligations. Management also shall not be required to mitigate damages or take any other action to reduce, collect or enforce the Guaranteed ObligationsTenant's obligations, except as otherwise required by law.

Appears in 2 contracts

Samples: Sponsor Guaranty, Sponsor Guaranty

No Duty To Pursue Others. It shall not be necessary for Buyer (and Guarantor hereby waives any rights which Guarantor may have to require Buyer) ), in order to enforce the obligations of Guarantor hereunder, first to (ai) institute suit or exhaust its remedies against Seller or others liable on the Guaranteed ObligationsObligations or any other person, (bii) enforce or exhaust Buyer’s rights against any collateral which shall ever have been given to secure the Guaranteed Obligations Obligations, (ciii) join Seller or any others liable on the Guaranteed Obligations in any action seeking to enforce this Guaranty, Guaranty or (div) resort to any other means of obtaining payment of the Guaranteed Obligations, and . Buyer shall not be required to mitigate damages or take any other action to collect or enforce the Guaranteed Obligations.

Appears in 2 contracts

Samples: Guaranty (Colony NorthStar Credit Real Estate, Inc.), Guaranty (Blackstone Mortgage Trust, Inc.)

No Duty To Pursue Others. It shall not be necessary for Buyer Agent (and each Guarantor hereby waives any rights which such Guarantor may have to require Buyer) Agent), in order to enforce the obligations of Guarantor Guarantors hereunder, first to (ai) institute suit or exhaust its remedies against Seller Borrower or others liable on the Loan or the Guaranteed Obligations or any other person, (ii) enforce or exhaust Agent’s rights against the Collateral, (iii) enforce Agent’s rights against any other guarantors of the Guaranteed Obligations, (b) enforce or exhaust Buyer’s rights against any collateral which shall ever have been given to secure the Guaranteed Obligations (civ) join Seller Borrower or any others liable on the Guaranteed Obligations in any action seeking to enforce this Guaranty, or (dvi) resort to any other means of obtaining payment of the Guaranteed Obligations, and Buyer . Agent shall not be required to mitigate damages or take any other action to reduce, collect or enforce the Guaranteed Obligations.

Appears in 1 contract

Samples: Indemnity Guaranty (Katapult Holdings, Inc.)

No Duty To Pursue Others. It shall not be necessary for Buyer (and Guarantor Guarantors hereby waives waive any rights which Guarantor Guarantors may have to require Buyer) ), in order to enforce the obligations of Guarantor Guarantors hereunder, first to (ai) institute suit or exhaust its remedies against Seller or others liable on the Guaranteed ObligationsObligations or any other person, (bii) enforce or exhaust Buyer’s rights against any collateral which shall ever have been given to secure the Guaranteed Obligations Obligations, (ciii) join Seller or any others liable on the Guaranteed Obligations in any action seeking to enforce this Guaranty, Guaranty or (div) resort to any other means of obtaining payment of the Guaranteed Obligations, and . Buyer shall not be required to mitigate damages or take any other action to collect or enforce the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty (Gramercy Capital Corp)

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No Duty To Pursue Others. It shall not be necessary for Buyer Administrative Agent (and Guarantor hereby waives any rights which Guarantor may have to require BuyerAdministrative Agent) in order to enforce the obligations of Guarantor hereunder, to (a) institute suit or exhaust its remedies against Seller or others liable on the Guaranteed Obligations, (ba) enforce or exhaust BuyerAdministrative Agent’s rights against any collateral which shall ever have been given to secure the Guaranteed Obligations (ca) join Seller or any others liable on the Guaranteed Obligations in any action seeking to enforce this Guaranty, or (da) resort to any other means of obtaining payment of the Guaranteed Obligations, and Buyer Administrative Agent shall not be required to mitigate damages or take any other action to collect or enforce the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty Agreement (KKR Real Estate Finance Trust Inc.)

No Duty To Pursue Others. (a) It shall not be necessary for Buyer (and Guarantor hereby waives any rights which Guarantor may have to require Buyer) ), in order to enforce the obligations of Guarantor hereunder, to (ai) institute suit or exhaust its remedies against Seller or others liable on the Guaranteed ObligationsObligations or any other person, (bii) enforce or exhaust Buyer’s rights against any collateral which shall ever have been given to secure the Guaranteed Obligations Obligations, (ciii) join Seller or any others liable on the Guaranteed Obligations in any action seeking to enforce this Guaranty, Guaranty or (div) resort to any other means of obtaining payment of the Guaranteed Obligations, and (b) Buyer shall not be required to mitigate damages or take any other action to collect or enforce the Guaranteed Obligations.

Appears in 1 contract

Samples: Guaranty Agreement (LoanCore Realty Trust, Inc.)

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