Common use of Immediate recourse Clause in Contracts

Immediate recourse. 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.

Appears in 5 contracts

Samples: Amendment and Restatement Agreement (Discovery Communications, Inc.), Facility Agreement (Aon Corp), Committed Multicurrency Revolving Facility Agreement (Marconi Corp PLC)

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Immediate recourse. 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 right or security or claim payment from any person before claiming from the Company under this Clause 18Clause. This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.

Appears in 3 contracts

Samples: Facilities Agreement (Mittal Steel Co N.V.), Facilities Agreement (Mittal Steel Co N.V.), Bridge Facility Agreement (Mittal Steel Co N.V.)

Immediate recourse. 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 contrary17.

Appears in 3 contracts

Samples: Facility Agreement (Adecco Sa), Multicurrency Revolving Credit Facility (Ti Group PLC), Loan Agreement (Adecco Sa)

Immediate recourse. The Each Company 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 such Company under this Clause 18Debenture. This waiver applies irrespective of any law or any provision of a Finance Document this Debenture to the contrary.

Appears in 3 contracts

Samples: Credit Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.)

Immediate recourse. 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 right 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 contraryClause.

Appears in 3 contracts

Samples: Multicurrency Revolving Credit and Guarantee Facility (Rhodia), Credit Facility Agreement (Converium Holding Ag), Facilities Agreement (Royal Ahold)

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

Appears in 2 contracts

Samples: Security Over Cash Agreement (Reynolds Group Holdings LTD), Security Over Cash Agreement (Reynolds Group Holdings LTD)

Immediate recourse. (a) 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 right or security or claim payment from any person before claiming from the Company under this Clause 18. Clause. (b) This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.

Appears in 2 contracts

Samples: Credit Facility Agreement (PPG Industries Inc), Credit Facility (PPG Industries Inc)

Immediate recourse. 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 the Target 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 contrary17 (Guarantee).

Appears in 2 contracts

Samples: Credit Facility Agreement (Entergy London Capital Lp), Credit Facility Agreement (System Energy Resources Inc)

Immediate recourse. The Each 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 that Company under this Clause 1824. This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.

Appears in 2 contracts

Samples: Amendment Agreement (BHP Billiton PLC), Facility and Subscription Agreement (BHP Billiton PLC)

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Immediate recourse. 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.

Appears in 1 contract

Samples: Credit Agreement (Adecco Sa)

Immediate recourse. The Each 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 that Company under this Clause 1823. This waiver applies irrespective of any law or any provision of a Finance Document to the contrary.

Appears in 1 contract

Samples: Multicurrency Term and Revolving Facilities and Subscription Agreement (BHP Billiton LTD)

Immediate recourse. (a) The Company 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 Person before claiming from or enforcing against the Company under this Agreement. (b) The waiver in this Clause 18. This waiver 13.4 applies irrespective of any law Applicable Law or any provision of a Finance Loan Document to the contrary.

Appears in 1 contract

Samples: Credit Agreement (Candela Medical, Inc.)

Immediate recourse. (a) The Company 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 Person before claiming from or enforcing against the Company under this Agreement. (b) The waiver in this Clause 18. This waiver 14.4 applies irrespective of any law Applicable Law or any provision of a Finance Loan Document to the contrary.

Appears in 1 contract

Samples: Credit Agreement (Candela Medical, Inc.)

Immediate recourse. 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 right 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 contraryGuarantee.

Appears in 1 contract

Samples: Credit Facility (Vivendi Universal)

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