Common use of Immediate recourse Clause in Contracts

Immediate recourse. 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.

Appears in 4 contracts

Samples: Shares Purchase Agreement (MIE Holdings Corp), First Amendment and Restatement Agreement (MIE Holdings Corp), Series a Preferred Shares Subscription and Put Option Agreement (MIE Holdings Corp)

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Immediate recourse. The Chargor waives any right it may have of first requiring the any Secured Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or Security security or claim payment from any person before claiming from the Chargor under this ChargeAgreement. This waiver applies irrespective of any law or any provision of this Charge Agreement 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 Chargor waives any right it may have of first requiring the any Secured Party (or any security 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 Chargor under this ChargeDeed. This waiver applies irrespective of any law or any provision of this Charge Deed to the contrary.

Appears in 3 contracts

Samples: Interim Security Agreement, Adgm Floating Security Agreement, Adgm Security Over Shares Agreement

Immediate recourse. The (a) Each Chargor waives any right it may have of first requiring the any Secured Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or Security security or claim payment from any person before claiming from the or enforcing against any Chargor under this Charge. This Deed or any other Debt Document. (b) The waiver in this Clause 20.3 applies irrespective of any law or any provision of this Charge a Debt Document to the contrary.

Appears in 2 contracts

Samples: Supplemental Security Agreement (Selina Hospitality PLC), Supplemental Security Agreement (Selina Hospitality PLC)

Immediate recourse. The Chargor waives any right it may have of first requiring the any Secured Party (or any trustee, Receiver 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 Chargor enforcing its rights under this Chargeand in accordance with Clause 13 (Enforcement of Security). This waiver applies irrespective of any law or any provision of this Charge any Bond Document or any other document to the contrary.

Appears in 2 contracts

Samples: Senior Secured Convertible Note Purchase Agreement (Mynd.ai, Inc.), Senior Secured Convertible Note Purchase Agreement

Immediate recourse. (a) The Chargor waives any right it may have of first requiring the any Secured Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or Security security or claim payment from any person before claiming from or enforcing against the Chargor under this Charge. This Security Agreement. (b) The waiver in this Clause 17.4 applies irrespective of any law or any provision of this Charge a Secured Debt Document to the contrary.

Appears in 2 contracts

Samples: Security Agreement (Paysafe LTD), Security Agreement (Paysafe LTD)

Immediate recourse. The Chargor waives any right it may have of first requiring the Secured Party or a 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 ChargeAgreement. This waiver applies irrespective of any law or any provision of this Charge Agreement to the contrary.

Appears in 1 contract

Samples: Security Over Shares and Security Assignment Agreement (S&t International Distribution Ltd.)

Immediate recourse. The Each Chargor waives any right it may have of first requiring the Secured any Interim Finance Party (or any security 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 any Chargor under this ChargeSecurity Agreement. This waiver applies irrespective of any law or any provision of this Charge Security Agreement to the contrary.

Appears in 1 contract

Samples: Interim Security Agreement

Immediate recourse. The Each Chargor waives any right it may have of first requiring the 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 before claiming from the any Chargor under this ChargeDeed. This waiver applies irrespective of any law or any provision of this Charge a Loan Document to the contrary.

Appears in 1 contract

Samples: Credit Agreement (Skype S.a r.l.)

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

Appears in 1 contract

Samples: Company Debenture

Immediate recourse. The Each Chargor waives any right it may have of first requiring the any Secured Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights right or Security security or claim payment from any person or file any proof or claim in any insolvency, examination, winding-up or liquidation proceedings relative to any other Loan Party or any other person before claiming from the that Chargor under this Charge. This waiver applies irrespective of any law or any provision of this Charge to the contraryDeed.

Appears in 1 contract

Samples: Credit Agreement (Novelis South America Holdings LLC)

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Immediate recourse. The Each Chargor waives any right it may have of first requiring the Secured any Finance Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or Security security or claim payment from any person before claiming from the each Chargor under this ChargeDebenture or any Mortgage. This waiver applies irrespective of any law or any provision of this Charge Debenture to the contrarycontrary or any Mortgage.

Appears in 1 contract

Samples: Credit Agreement (Fleetcor Technologies Inc)

Immediate recourse. The Chargor waives any right it may have of first requiring the Collateral Agent or a Secured Party to proceed against or enforce any other rights or Security Lien or claim payment from any person before claiming from the Chargor under this ChargeAgreement. This waiver applies irrespective of any law or any provision of this Charge Agreement to the contrary.

Appears in 1 contract

Samples: Security Over Shares Agreement (RenPac Holdings Inc.)

Immediate recourse. The Chargor waives any right it may have of first requiring the Security Trustee or a 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 ChargeAgreement. This waiver applies irrespective of any law or any provision of this Charge Agreement to the contrary.

Appears in 1 contract

Samples: Credit Agreement (Fleetcor Technologies Inc)

Immediate recourse. The Each Chargor waives any right it may have of first requiring the 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 before claiming from the any Chargor under this ChargeDebenture. This waiver applies irrespective of any law or any provision of this Charge a Loan Document to the contrary.

Appears in 1 contract

Samples: Credit Agreement (Skype S.a r.l.)

Immediate recourse. The Chargor waives any right it may have of first requiring the any Secured Party to proceed against or enforce any Security Interest or other rights or Security or claim payment from any other person before claiming from the Chargor it under this ChargeDebenture. This waiver applies irrespective of any applicable law and regulation or any provision of this Charge any Loan Document to the contrary.

Appears in 1 contract

Samples: Revolving Credit Agreement (Patheon Inc)

Immediate recourse. The Each Chargor waives any right it may have of first requiring the Secured any Credit Party to proceed against or enforce any Security Interest or other rights or Security or claim payment from any other person before claiming from the Chargor it under this ChargeDeed. This waiver applies irrespective of any applicable law and regulation or any provision of this Charge any Loan Document to the contrary.

Appears in 1 contract

Samples: Security Deed (Elizabeth Arden Inc)

Immediate recourse. The Chargor waives any right it may have of first requiring the Secured Party to proceed against or enforce any other rights or Security security or claim payment from any person before claiming from the Chargor under this ChargeGuarantee and Debenture. This waiver applies irrespective of any law or any provision of this Charge a Finance Document to the contrary.

Appears in 1 contract

Samples: Guarantee and Debenture (Summer Infant, Inc.)

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