Common use of WITH RECOURSE Clause in Contracts

WITH RECOURSE. Subject to the terms and provisions of any applicable underlying agreement between Assignor and Assignee , Assignor further agrees to guaranty the payment promptly when due of the amount of each and every installment payable under the Agreement and the payment on demand of the entire unpaid balance at the date of default in the event of any default by Buyer under the Agreement, without first requiring Assignee to proceed against Buyer or any other person or any security.

WITH RECOURSE. Subject to the terms and provisions of any applicable underlying agreement between Assignor Assigno r and Assignee Assignee, Assignor further agrees to guaranty the payment promptly when due of the amount of each and every installment payable under the Agreement and the payment on demand of the entire unpaid balance at the date of default in the event of any default by Buyer under the Agreement, without first requiring Assignee to proceed against Buyer or any other person or any security.