Renunciation. The Guarantor hereby renounces all benefits of discussion and division, and the Lender shall not be bound to take any recourse available to it against the Borrower or any other Person or any security the Lender may hold, nor to value any security before requiring or being entitled to payment from or performance by the Guarantor.
Appears in 2 contracts
Sources: Guarantee (Chell Group Corp), Guarantee (Chell Group Corp)
Renunciation. The Guarantor hereby renounces all benefits of discussion and division, and neither the Lender Collateral Agent nor any Noteholder shall not be bound to take any recourse available to it against the Borrower Company or any other Person or any security the Lender may holdSecurity, nor to value any security Security before requiring or being entitled to payment from or performance by the Guarantor.
Appears in 1 contract