Prior Recourse. Secured Party's prior recourse to any Pledged Collateral shall not constitute a condition of any demand, suit or proceeding for payment or collection of the Secured Obligations.
Appears in 14 contracts
Sources: Pledge Agreement (Distinctive Devices Inc), Stock Pledge Agreement (Marconi Corp PLC), Stock Pledge Agreement (Marconi Corp PLC)
Prior Recourse. Secured Party's ’s prior recourse to any Pledged Collateral shall not constitute a condition of any demand, suit or proceeding for payment or collection of the Secured Obligations.
Appears in 2 contracts
Sources: Pledge Agreement (Golfsmith International Holdings Inc), Pledge Agreement (Kansas City Southern)
Prior Recourse. Secured Party's ’s prior recourse to any Pledged Collateral shall not constitute a condition of any demand, suit or proceeding for payment or collection of the Secured Obligations.
Appears in 1 contract