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: Shareholders’ Agreement (MIE Holdings Corp), Restatement Agreement (MIE Holdings Corp), Shareholders’ 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: Intercreditor Agreement (Canada Goose Holdings Inc.), Intercreditor Agreement (Canada Goose Holdings Inc.), Intercreditor Agreement (Canada Goose Holdings Inc.)

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 the Chargor under this Charge. This waiver applies irrespective of any law or any provision of this Charge to the contraryDeed.

Appears in 2 contracts

Samples: Security Agreement (GCL Silicon Technology Holdings Inc.), Security Agreement (GCL Silicon Technology Holdings Inc.)

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 waiver applies irrespective of any law or any provision of this Charge to the contrarySecurity Agreement.

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 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 2 contracts

Samples: investors.networkinternational.ae, investors.networkinternational.ae

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: Assignment and Assumption (Fleetcor Technologies 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.)

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: www.clear-media.net

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

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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: Elizabeth Arden Inc

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: Assignment and Assumption (Fleetcor Technologies Inc)

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: Assignment Agreement (S&t International Distribution Ltd.)

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 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: Intercreditor Agreement (Patheon Inc)

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