{"component": "clause", "props": {"groups": [{"samples": [{"hash": "6bW0E6OMlS1", "uri": "/contracts/6bW0E6OMlS1#immediate-recourse", "label": "Multicurrency Revolving Facility Agreement (H Lundbeck a S)", "score": 35.8282012939, "published": true}, {"hash": "eDu7Ya3QhPF", "uri": "/contracts/eDu7Ya3QhPF#immediate-recourse", "label": "Facilities Agreement", "score": 34.9466133118, "published": true}, {"hash": "sXKNmBxuui", "uri": "/contracts/sXKNmBxuui#immediate-recourse", "label": "Bridge and Term Facilities Agreement (Magnum Ice Cream Co B.V.)", "score": 34.8412055969, "published": true}], "snippet_links": [{"key": "guarantor-waives", "type": "clause", "offset": [5, 21]}, {"key": "finance-party", "type": "definition", "offset": [67, 80]}, {"key": "other-rights", "type": "definition", "offset": [155, 167]}, {"key": "claim-payment", "type": "clause", "offset": [183, 196]}, {"key": "any-person", "type": "definition", "offset": [202, 212]}, {"key": "clause-18", "type": "clause", "offset": [260, 269]}, {"key": "waiver-applies", "type": "clause", "offset": [276, 290]}, {"key": "provision-of-a", "type": "clause", "offset": [322, 336]}, {"key": "finance-document", "type": "clause", "offset": [337, 353]}], "size": 867, "snippet": "Each Guarantor 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 that Guarantor under this Clause 18. This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.", "hash": "d4044c52c423c929fd4fb07f53d705f8", "id": 1}, {"samples": [{"hash": "eT9OSJ2btuw", "uri": "/contracts/eT9OSJ2btuw#immediate-recourse", "label": "Irrevocable Undertaking (Consolidated Water Co LTD)", "score": 18.0, "published": true}, {"hash": "bRV073F1QfB", "uri": "/contracts/bRV073F1QfB#immediate-recourse", "label": "Irrevocable Undertaking (Consolidated Water Co LTD)", "score": 18.0, "published": true}, {"hash": "9NVrv66RlIx", "uri": "/contracts/9NVrv66RlIx#immediate-recourse", "label": "Guarantee (Consolidated Water Co LTD)", "score": 16.0, "published": true}], "snippet_links": [{"key": "guarantor-waives", "type": "clause", "offset": [4, 20]}, {"key": "the-bank", "type": "definition", "offset": [62, 70]}, {"key": "other-person", "type": "definition", "offset": [97, 109]}, {"key": "other-rights", "type": "definition", "offset": [166, 178]}, {"key": "claim-payment", "type": "clause", "offset": [194, 207]}, {"key": "any-person", "type": "definition", "offset": [213, 223]}], "size": 37, "snippet": "The Guarantor waives any right it may have of first requiring the Bank (or any trustee, agent or other person acting on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Guarantor under this Guarantee.", "hash": "bb2a799344415d7e2a72e6f0d10d4f42", "id": 2}, {"samples": [{"hash": "dCtvu61Hfem", "uri": "/contracts/dCtvu61Hfem#immediate-recourse", "label": "Share Charge (Yu Dong)", "score": 26.9603004456, "published": true}, {"hash": "dMjUl5sMgF5", "uri": "/contracts/dMjUl5sMgF5#immediate-recourse", "label": "Share Charge (Yu Dong)", "score": 26.8179321289, "published": true}, {"hash": "7UwYw3ceZV6", "uri": "/contracts/7UwYw3ceZV6#immediate-recourse", "label": "Share Charge (Yu Dong)", "score": 26.8179321289, "published": true}], "snippet_links": [{"key": "the-chargor", "type": "clause", "offset": [0, 11]}, {"key": "the-chargee", "type": "clause", "offset": [60, 71]}, {"key": "other-rights", "type": "definition", "offset": [106, 118]}, {"key": "claim-payment", "type": "clause", "offset": [138, 151]}, {"key": "any-person", "type": "definition", "offset": [157, 167]}, {"key": "this-deed", "type": "clause", "offset": [207, 216]}, {"key": "waiver-applies", "type": "clause", "offset": [223, 237]}, {"key": "law-to-the-contrary", "type": "clause", "offset": [258, 277]}], "size": 29, "snippet": "The Chargor waives any right it may have of first requiring the Chargee to proceed against or enforce any other rights or Encumbrances or claim payment from any person before claiming from the Chargor under this Deed. This waiver applies irrespective of any law to the contrary.", "hash": "1e04b1f46b603bb71ea9ea2c5ee1b94c", "id": 5}, {"samples": [{"hash": "1Tiwf4e89Pn", "uri": "/contracts/1Tiwf4e89Pn#immediate-recourse", "label": "Pledge Agreement", "score": 36.2345199585, "published": true}, {"hash": "7CGmJPCZEan", "uri": "/contracts/7CGmJPCZEan#immediate-recourse", "label": "Pledge Agreement", "score": 36.0071372986, "published": true}, {"hash": "jiPVI654uIz", "uri": "/contracts/jiPVI654uIz#immediate-recourse", "label": "Pledge Agreement", "score": 35.9222602844, "published": true}], "snippet_links": [{"key": "pledgor-waives", "type": "clause", "offset": [4, 18]}, {"key": "the-pledgee", "type": "clause", "offset": [60, 71]}, {"key": "other-rights", "type": "definition", "offset": [106, 118]}, {"key": "claim-payment", "type": "clause", "offset": [134, 147]}, {"key": "any-person", "type": "definition", "offset": [153, 163]}, {"key": "schedule-2", "type": "clause", "offset": [208, 218]}], "size": 33, "snippet": "The Pledgor waives any right it may have of first requiring the Pledgee to proceed against or enforce any other rights or security or claim payment from any person before claiming from the Pledgor under this Schedule 2.", "hash": "08294599568f51903f39b1855fbf02be", "id": 3}, {"samples": [{"hash": "1eMWSuKUwgM", "uri": "/contracts/1eMWSuKUwgM#immediate-recourse", "label": "Shares Purchase Agreement (MIE Holdings Corp)", "score": 21.2956886292, "published": true}, {"hash": "fEJc4XXyO7E", "uri": "/contracts/fEJc4XXyO7E#immediate-recourse", "label": "First Amendment and Restatement Agreement (MIE Holdings Corp)", "score": 19.2956886292, "published": true}, {"hash": "3OOJDd4eNmn", "uri": "/contracts/3OOJDd4eNmn#immediate-recourse", "label": "Series a Preferred Shares Subscription and Put Option Agreement (MIE Holdings Corp)", "score": 19.2956886292, "published": true}], "snippet_links": [{"key": "the-chargor", "type": "clause", "offset": [0, 11]}, {"key": "the-secured-party", "type": "clause", "offset": [60, 77]}, {"key": "other-rights", "type": "definition", "offset": [112, 124]}, {"key": "claim-payment", "type": "clause", "offset": [140, 153]}, {"key": "any-person", "type": "definition", "offset": [159, 169]}, {"key": "waiver-applies", "type": "clause", "offset": [227, 241]}, {"key": "provision-of", "type": "clause", "offset": [273, 285]}], "size": 31, "snippet": "The Chargor waives any right it may have of first requiring the Secured Party to proceed against or enforce any other rights or Security or claim payment from any person before claiming from the Chargor under this Charge. This waiver applies irrespective of any law or any provision of this Charge to the contrary.", "hash": "eb2212ba191a3e375e76da3f8bbcc2be", "id": 4}, {"samples": [{"hash": "cNCRlL6DSub", "uri": "/contracts/cNCRlL6DSub#immediate-recourse", "label": "Senior Facilities Agreement (Liberty Global PLC)", "score": 26.1170425415, "published": true}, {"hash": "1TVXFSVXkDa", "uri": "/contracts/1TVXFSVXkDa#immediate-recourse", "label": "Acquisition Facilities Agreement (Liberty Global PLC)", "score": 23.1177272797, "published": true}, {"hash": "iY4q4ZaFRO0", "uri": "/contracts/iY4q4ZaFRO0#immediate-recourse", "label": "Senior Facilities Agreement (Virgin Media Inc.)", "score": 19.0, "published": true}], "snippet_links": [{"key": "the-finance-parties", "type": "clause", "offset": [8, 27]}, {"key": "rights-conferred", "type": "clause", "offset": [88, 104]}, {"key": "in-respect-of", "type": "definition", "offset": [115, 128]}, {"key": "the-guarantors", "type": "clause", "offset": [129, 143]}, {"key": "agreement-or", "type": "definition", "offset": [152, 164]}, {"key": "amounts-due", "type": "definition", "offset": [192, 203]}, {"key": "to-exercise", "type": "clause", "offset": [225, 236]}, {"key": "other-rights", "type": "definition", "offset": [252, 264]}, {"key": "obligations-of", "type": "clause", "offset": [331, 345]}, {"key": "the-finance-documents", "type": "clause", "offset": [372, 393]}, {"key": "no-demand", "type": "definition", "offset": [404, 413]}, {"key": "restricted-guarantor", "type": "definition", "offset": [449, 469]}, {"key": "relevant-borrower", "type": "definition", "offset": [516, 533]}], "size": 24, "snippet": "None of the Finance Parties shall be obliged, before exercising or enforcing any of the rights conferred upon them in respect of the Guarantors by this Agreement or by Law, to seek to recover amounts due from any Borrower or to exercise or enforce any other rights or Security any of them may have or hold in respect of any of the obligations of any Borrower under any of the Finance Documents save that no demand for any payment may be made on any Restricted Guarantor unless such demand has first been made on the relevant Borrower.", "hash": "6e48d97ffe161a9ca6a4b1ca743067bb", "id": 8}, {"samples": [{"hash": "aIQZPRQPdJk", "uri": "/contracts/aIQZPRQPdJk#immediate-recourse", "label": "Term Loan Facility (Okeanis Eco Tankers Corp.)", "score": 32.8343582153, "published": true}, {"hash": "986SYTy2Bsw", "uri": "/contracts/986SYTy2Bsw#immediate-recourse", "label": "Term Loan Facility (Ardmore Shipping Corp)", "score": 28.1950721741, "published": true}, {"hash": "9FRUGZCyvM8", "uri": "/contracts/9FRUGZCyvM8#immediate-recourse", "label": "Term Loan Facility (Ardmore Shipping Corp)", "score": 26.1950721741, "published": true}], "snippet_links": [{"key": "guarantor-waives", "type": "clause", "offset": [11, 27]}, {"key": "secured-party", "type": "clause", "offset": [73, 86]}, {"key": "other-rights", "type": "definition", "offset": [161, 173]}, {"key": "claim-payment", "type": "clause", "offset": [189, 202]}, {"key": "any-person", "type": "definition", "offset": [208, 218]}, {"key": "without-limitation-to", "type": "clause", "offset": [230, 251]}, {"key": "finance-document", "type": "clause", "offset": [287, 303]}, {"key": "transaction-security", "type": "definition", "offset": [322, 342]}, {"key": "commencing-proceedings", "type": "clause", "offset": [363, 385]}, {"key": "clause-20", "type": "clause", "offset": [397, 406]}, {"key": "guarantee-and-indemnity", "type": "definition", "offset": [408, 431]}, {"key": "hedge-guarantors", "type": "clause", "offset": [434, 450]}, {"key": "waiver-applies", "type": "clause", "offset": [458, 472]}, {"key": "provision-of-a", "type": "clause", "offset": [504, 518]}], "size": 27, "snippet": "Each Hedge Guarantor waives any right it may have of first requiring any 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 (including without limitation to commence any proceedings under any Finance Document or to enforce any Transaction Security) before claiming or commencing proceedings under this Clause 20 (Guarantee and Indemnity \u2013 Hedge Guarantors). This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.", "hash": "53b2c86ebb14069a6bf49d3e4e2ddd00", "id": 6}, {"samples": [{"hash": "2ioEdsraEtc", "uri": "/contracts/2ioEdsraEtc#immediate-recourse", "label": "Amendment and Restatement Agreement (Discovery Communications, Inc.)", "score": 21.0, "published": true}, {"hash": "h0hQoY5x5Bi", "uri": "/contracts/h0hQoY5x5Bi#immediate-recourse", "label": "Facility Agreement (Aon Corp)", "score": 19.7939758301, "published": true}, {"hash": "krdXZZhVpW4", "uri": "/contracts/krdXZZhVpW4#immediate-recourse", "label": "Committed Multicurrency Revolving Facility Agreement (Marconi Corp PLC)", "score": 19.0, "published": true}], "snippet_links": [{"key": "finance-party", "type": "definition", "offset": [64, 77]}, {"key": "other-rights", "type": "definition", "offset": [152, 164]}, {"key": "claim-payment", "type": "clause", "offset": [180, 193]}, {"key": "any-person", "type": "definition", "offset": [199, 209]}, {"key": "from-the-company", "type": "clause", "offset": [226, 242]}, {"key": "clause-18", "type": "clause", "offset": [254, 263]}, {"key": "waiver-applies", "type": "clause", "offset": [270, 284]}, {"key": "provision-of-a", "type": "clause", "offset": [316, 330]}, {"key": "finance-document", "type": "clause", "offset": [331, 347]}], "size": 27, "snippet": "The Company 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 Company under this Clause 18. This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.", "hash": "7276f9f1b62c7faa63dcaff4ce7fa154", "id": 7}, {"samples": [{"hash": "aBfTKRQKtRy", "uri": "/contracts/aBfTKRQKtRy#immediate-recourse", "label": "Facility Agreement (Navigator Holdings Ltd.)", "score": 35.234085083, "published": true}, {"hash": "2BHWHTLhJcm", "uri": "/contracts/2BHWHTLhJcm#immediate-recourse", "label": "Facilities Agreement (Navigator Holdings Ltd.)", "score": 34.3401794434, "published": true}, {"hash": "5JZ83xdrbku", "uri": "/contracts/5JZ83xdrbku#immediate-recourse", "label": "Facility Agreement (Navigator Holdings Ltd.)", "score": 34.1348381042, "published": true}], "snippet_links": [{"key": "the-parent", "type": "clause", "offset": [0, 10]}, {"key": "finance-party", "type": "definition", "offset": [63, 76]}, {"key": "other-rights", "type": "definition", "offset": [151, 163]}, {"key": "claim-payment", "type": "clause", "offset": [179, 192]}, {"key": "any-person", "type": "definition", "offset": [198, 208]}, {"key": "clause-17", "type": "definition", "offset": [252, 261]}, {"key": "waiver-applies", "type": "clause", "offset": [268, 282]}, {"key": "provision-of-a", "type": "clause", "offset": [314, 328]}, {"key": "finance-document", "type": "clause", "offset": [329, 345]}], "size": 22, "snippet": "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.", "hash": "62a268b1be9abf758b928e57df291ba4", "id": 9}, {"samples": [{"hash": "j5xV1cs6clX", "uri": "/contracts/j5xV1cs6clX#immediate-recourse", "label": "Revolving Multicurrency Credit Facility (Derby Cycle Corp)", "score": 18.0, "published": true}, {"hash": "fPGxeEYjtSR", "uri": "/contracts/fPGxeEYjtSR#immediate-recourse", "label": "Facility Agreement (Derby Cycle Corp)", "score": 18.0, "published": true}, {"hash": "fEryWWkUp2q", "uri": "/contracts/fEryWWkUp2q#immediate-recourse", "label": "Facility Agreement (Lyon Investments B V)", "score": 18.0, "published": true}], "snippet_links": [{"key": "guarantor-waives", "type": "clause", "offset": [5, 21]}, {"key": "finance-party", "type": "definition", "offset": [67, 80]}, {"key": "other-rights", "type": "definition", "offset": [115, 127]}, {"key": "security-of", "type": "clause", "offset": [131, 142]}, {"key": "claim-payment", "type": "clause", "offset": [146, 159]}, {"key": "winding-up", "type": "clause", "offset": [227, 237]}, {"key": "liquidation-proceedings", "type": "definition", "offset": [253, 276]}, {"key": "relating-to", "type": "definition", "offset": [277, 288]}, {"key": "other-obligor", "type": "clause", "offset": [294, 307]}, {"key": "any-other-person", "type": "definition", "offset": [311, 327]}, {"key": "this-agreement", "type": "clause", "offset": [370, 384]}], "size": 22, "snippet": "Each Guarantor waives any right it may have of first requiring any Finance Party to proceed against or enforce any other rights or security of or claim payment from or file any proof or claim in any insolvency, administration, winding up, bankruptcy or liquidation proceedings relating to, any other Obligor or any other Person before claiming from such Guarantor under this Agreement.", "hash": "96518021d66791a2a3dc8ac3b37c7681", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtpbW1lZGlhdGUtcmVjb3Vyc2UjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Immediate recourse", "parents": [["guarantee-and-indemnity", "Guarantee and indemnity"], ["guarantee", "Guarantee"], ["saving-provisions", "Saving Provisions"], ["preservation-of-security", "Preservation of Security"], ["value-added-tax", "Value added tax"]], "size": 1635, "children": [["exercise-of-rights", "Exercise of rights"], ["ambiguity", "Ambiguity"], ["", ""], ["definitions-and-interpretation", "DEFINITIONS AND INTERPRETATION"], ["interpretation", "INTERPRETATION"]], "id": "immediate-recourse", "related": [["other-recourse", "Other Recourse", "Other Recourse"], ["no-recourse-against-trust-account", "No Recourse Against Trust Account", "No Recourse Against Trust Account"], ["no-recourse-against-others", "No Recourse Against Others", "No Recourse Against Others"], ["full-recourse", "Full Recourse", "Full Recourse"], ["no-recourse-against-certain-persons", "No Recourse Against Certain Persons", "No Recourse Against Certain Persons"]], "related_snippets": [], "updated": "2026-06-28T07:51:00+00:00", "also_ask": ["What are the essential elements to include for effective immediate recourse?", "How can immediate recourse provisions be leveraged strategically in negotiations?", "What are the most common enforceability challenges for immediate recourse clauses in court?", "How do immediate recourse rights differ across key jurisdictions?", "What are the primary risks or unintended consequences of granting immediate recourse?"], "drafting_tip": "Specify triggering events, clarify available remedies, and set procedural steps to ensure parties understand when and how immediate recourse applies.", "explanation": "The Immediate Recourse clause grants a party the right to pursue remedies or enforcement actions without delay if certain conditions are breached or obligations are unmet. In practice, this means that if, for example, a borrower defaults on a loan or a party fails to perform a contractual duty, the non-breaching party can immediately seek legal or contractual remedies such as demanding payment, enforcing security interests, or initiating litigation, without waiting for additional notice periods or grace periods. This clause is designed to protect parties by enabling swift action to mitigate losses or enforce rights, thereby reducing the risk of prolonged non-compliance or further damages."}, "json": true, "cursor": ""}}