No Obligation to Marshal Sample Clauses
The "No Obligation to Marshal" clause establishes that a lender or secured party is not required to exhaust or prioritize any particular asset or class of assets when seeking repayment or enforcing security interests. In practice, this means the lender can choose which collateral to pursue first, without having to follow a specific order or consider the interests of other creditors or guarantors. This clause ensures the lender has maximum flexibility in recovering amounts owed and prevents disputes over the order in which assets are liquidated, thereby protecting the lender’s rights and streamlining the enforcement process.
No Obligation to Marshal. The Lender is not required to exercise its rights under the Security Interests it holds from the Obligors in any particular order.
No Obligation to Marshal. The Financier is not required to marshal or to enforce or apply under or appropriate, recover or exercise:
(a) any Encumbrance, Surety Obligation or Collateral Security or other document or agreement held, at any time, by or on behalf of that or the Financier; or
(b) any money or asset which the Financier, at any time, holds or is entitled to receive.
No Obligation to Marshal. The Lender is not required to marshal or to enforce or apply under or appropriate, recover or exercise:
(a) any Security Interest, Guarantee or Security or other document or agreement held, at any time, by or on behalf of the Lender; or
(b) any money or asset which the Lender, at any time, holds or is entitled to receive.
No Obligation to Marshal. No Finance Party is required to marshal or to enforce or apply under or appropriate, recover or exercise:
(a) any Security Interest, Guarantee or other document or agreement held, at any time, by or on behalf of any Finance Party; or
(b) any money or asset which a Finance Party, at any time, holds or is entitled to receive.
No Obligation to Marshal. (a) The doctrine of marshalling does not apply to the Chargee or the Chargor or in relation to the exercise of any Power.
(b) The Chargee is not required before or after it enforces the Charge:
No Obligation to Marshal. The State is not required to marshal or to enforce or apply under, or appropriate, recover or exercise:
(a) any Encumbrance or Collateral Security held, at any time, by the State; or
(b) any moneys or assets which the State, at any time, holds or is entitled to receive.
No Obligation to Marshal. The Financier will not be obliged to marshal in favour of the Chargor any security held by the Financier or any funds or assets that the Financier may be entitled to receive or have a claim upon.
No Obligation to Marshal. NBS is not required to exercise its rights under the Security Interests it holds from the Obligors in any particular order.
No Obligation to Marshal. Before the Secured Party enforces the Security Interest created under this document, it is not required to marshal or to enforce or apply under, or appropriate, recover or exercise:
(a) any Security Interest held, at any time, by the Secured Party; or
(b) any moneys or assets which the Secured Party, at any time, holds or is entitled to receive.
No Obligation to Marshal. The Bank need not marshal, enforce or apply under, or appropriate, recover or exercise:
(a) any security interest, guarantee or other entitlement held at any time by it; or
(b) any moneys or assets which it at any time holds or is entitled to receive, before this Mortgage is enforced.