Common use of Holder’s Actions Clause in Contracts

Holder’s Actions. Guarantor waives any right to require the Holder to resort for payment from, or to proceed directly or at once against, any Person, including the Purchaser and Éclat or any other guarantor.

Appears in 2 contracts

Sources: Guaranty (Avadel Pharmaceuticals PLC), Guaranty (Flamel Technologies Sa)