Prior Recourse. Collateral Agent’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 (Southern Construction Products Inc), Pledge Agreement (Buenaventura Mining Co Inc)
Prior Recourse. Collateral Agent’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
Sources: Pledge Agreement (Telex Communications International LTD)
Prior Recourse. Collateral Agent’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
Sources: Pledge Agreement (Southern Construction Products Inc)