Common use of Immediate recourse Clause in Contracts

Immediate recourse. The Parent waives any right it may have of first requiring any Finance Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Parent under this clause 17. This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.

Appears in 6 contracts

Samples: Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.), Agreement (Teekay Tankers Ltd.)

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Immediate recourse. The Parent waives any right it may have of first requiring any Finance Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Parent under this clause Clause 17. This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.

Appears in 5 contracts

Samples: Agreement (Gec Acquisition Corp), Agreement (Gec Acquisition Corp), Agreement (Gec Acquisition Corp)

Immediate recourse. The Parent waives any right it may have of first requiring any Finance Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Parent under this clause 17Clause 18. This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.

Appears in 2 contracts

Samples: Facility Agreement (StoneX Group Inc.), StoneX Group Inc.

Immediate recourse. The Parent waives any right it may have of first requiring any Finance Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Parent under this clause 17. This waiver applies irrespective of any law or any provision of a Finance Document to the contraryClause 18 (Guarantee).

Appears in 2 contracts

Samples: Index (Cobe Laboratories Inc), Facility Agreement (Incentive Ab)

Immediate recourse. The Parent waives any right it may have of first requiring any Finance Party the Bank (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Parent under the provisions of this clause 17schedule 3. This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.

Appears in 1 contract

Samples: Ocallaghan Barry

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Immediate recourse. The (a) Subject to paragraph (b) below, the Parent waives any right it may have of first requiring any Finance Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights right or security or claim payment from any person before claiming from the Parent under this clause 17. This waiver applies irrespective of any law or any provision of a Finance Document to the contraryClause.

Appears in 1 contract

Samples: Agreement (Preem Holdings Ab Publ)

Immediate recourse. The Parent waives any right it may have of first requiring any Finance Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the that Parent under this clause Clause 17. This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.

Appears in 1 contract

Samples: Facilities Agreement (Autoliv Inc)

Immediate recourse. The Parent waives any right it may have of first requiring any Finance Secured Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Parent under this clause 17Deed. This waiver applies irrespective of any law or any provision of a Finance Debt Document to the contrary.

Appears in 1 contract

Samples: Facility Agreement (Global Ship Lease, Inc.)

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