We model the kinetics of ligand-receptor systems, where multiple ligands may bind and unbind to the receptor, either randomly or in a specific order. Equilibrium occupation and first occurrence of complete filling of the receptor are determined and compared. At equilibrium, receptors that bind ligands sequentially are more likely to be saturated than those that bind in random order. Surprisingly however, for low cooperativity, the random process first reaches full occupancy faster than the sequential one. This is true except near a critical binding energy where a 'kinetic trap' arises and the random process dramatically slows down when the number of binding sites N ≥ 8. These results demonstrate the subtle interplay between cooperativity and sequentiality for a wide class of kinetic phenomena, including chemical binding, nucleation, and assembly line strategies. [4,5]. For a local bulk ligand concentration, the associated receptors will typically have a fraction of sites filled. The kinetics of queuing in these processes can exhibit diverse and rich behavior. A receptor may need to have a critical number of bound ligands before it can signal the next biochemical step. Thus, it is important to know not only the equilibrium ligand occupancy, but also the mean time to first reach this critical occupancy, as a function of local ligand concentration and binding strength. Similarly, in nucleation processes such as α-helix formation or melting, local helix turns can form randomly or sequentially. The first time a complete helix forms (or melts) will be an important ingredient in protein folding models [6]. First passage times also define extinction and fixation in birth-death processes [7,8]. Equilibrium distributions and first passage times also arise in applications of queuing, where, for example, average computer loads and the first time that demand exceeds capacity should be distinguished [9].In this Letter, we formulate and use a kinetic chain model to highlight subtleties of ligand adsorption and desorption, queuing, and cooperativity. Our model is presented in the language of ligand binding to a single receptor with N active sites of which 0 ≤ n ≤ N are occupied by ligands at any given time. The order of the binding can be imposed in two limiting ways. As shown in Fig. 1, the addition of each successive ligand can influence one other specific site and allow the next ligand to bind to, or unbind from, that site only (a case we will denote by the index α = 0). Alternatively, the allosteric effect (from e.g. a large scale conformational change) can be spread equally to all remaining sites. The next ligand can bind to any one of these remaining open sites (a case we will denote by the index α = 1). Here, all bound ligand molecules are equally likely to spontaneously desorb. We do not consider mixed processes in which the binding order is sequential and the unbinding random, or vice versa. Thus, in our model, ligand binding occurs in a totally sequential manner as in Fig. 1a, or randomly as shown in Fig. 1b. We show...