Common use of Immediate recourse Clause in Contracts

Immediate recourse. 15.7.1 The Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent (or any trustee or agent on their behalf) to proceed against or enforce any other right or security or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to any party or any other person before claiming from the Chargor and/or enforcing the Security under this Deed.

Appears in 3 contracts

Samples: Shin Nippon Biomedical Laboratories, Ltd., Shin Nippon Biomedical Laboratories, Ltd., Shin Nippon Biomedical Laboratories, Ltd.

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Immediate recourse. 15.7.1 The Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent (or any trustee or agent on their behalf) a Lender to proceed against or enforce any other right rights or security Security Interest or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-winding up or liquidation proceedings relative relating to any party Obligor or any other person before claiming from the Chargor and/or enforcing the Security under this DeedMortgage.

Appears in 2 contracts

Samples: Mortgage (Borqs Technologies, Inc.), Subordination Agreement (Borqs Technologies, Inc.)

Immediate recourse. 15.7.1 The Each Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent Lender (or any trustee or agent on their its behalf) to proceed against or enforce any other right rights or security or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to any party or any other person before claiming from that Chargor under the Chargor and/or enforcing Transaction Security. This waiver applies irrespective of any law or any provision of a Finance Document to the Security under this Deedcontrary.

Appears in 2 contracts

Samples: Supplemental Security Agreement (Freeline Therapeutics Holdings PLC), Security Agreement (Freeline Therapeutics Holdings PLC)

Immediate recourse. 15.7.1 The (a) Each Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent any Secured Party (or any trustee or agent on their its behalf) to proceed against or enforce any other right or security or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to the Issuer or any party other Guarantor or any other person before claiming from the that Chargor and/or enforcing the Security under this Deed.

Appears in 2 contracts

Samples: English Security Agreement (Cushman & Wakefield PLC), English Security Agreement (Cushman & Wakefield PLC)

Immediate recourse. 15.7.1 The Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent any Lender (or any trustee or agent on their its behalf) to proceed against or enforce any other right rights or security or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to any party or any other person before claiming from the Chargor and/or enforcing the Security under this Deed.

Appears in 2 contracts

Samples: Warp Technology Holdings Inc, Warp Technology Holdings Inc

Immediate recourse. 15.7.1 The (a) Each Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent any Secured Creditor (or any trustee or agent on their its behalf) to proceed against or enforce any other right or security or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to any party other Obligor or any other person before claiming from the that Chargor and/or enforcing the Security under this Deed.

Appears in 2 contracts

Samples: Security Agreement (Manitowoc Foodservice, Inc.), Security Agreement (Manitowoc Foodservice, Inc.)

Immediate recourse. 15.7.1 The (a) Each Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent any Secured Party (or any trustee or agent on their its behalf) to proceed against or enforce any other right rights or security or claim payment from any person before claiming from or file enforcing against any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to any party Chargor under this Deed or any other person before claiming from the Chargor and/or enforcing the Security under this DeedDebt Document.

Appears in 2 contracts

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

Immediate recourse. 15.7.1 The Each Chargor waives any right it may have of first requiring the Lenders and/or the Security Collateral Agent or any Secured Party (or any trustee or agent on their its behalf) to proceed against or enforce any other right rights or security or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to any party or any other person before claiming from the that Chargor and/or enforcing the Security under this DeedClause 2 (Guarantee). This waiver applies irrespective of any law or any provision of a Loan Document to the contrary.

Appears in 2 contracts

Samples: Security Agreement (Novelis South America Holdings LLC), Security Agreement (Novelis South America Holdings LLC)

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Immediate recourse. 15.7.1 (a) The Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent Investor (or any trustee or agent on their its behalf) to proceed against or enforce any other right or security or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to any party or any other person before claiming from the Chargor and/or enforcing the Security under this Deed.

Appears in 1 contract

Samples: Fosun International LTD

Immediate recourse. 15.7.1 The Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent Trustee (or any trustee or agent on their its behalf) to proceed against or enforce any other right rights or security or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to any party or any other person before claiming from the Chargor and/or enforcing the Security under this DeedMortgage of Shares.

Appears in 1 contract

Samples: Credit Agreement (British Energy Group PLC)

Immediate recourse. 15.7.1 The Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent (or any trustee or agent on their its behalf) to proceed against or enforce any other right or security or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to any party other Obligor or any other person before claiming from the Chargor and/or enforcing the Security under this Deed.

Appears in 1 contract

Samples: A Facilities Agreement (Great Wall Acquisition Corp)

Immediate recourse. 15.7.1 14.7.1 The Chargor waives any right it may have of first requiring the Lenders and/or the Security Agent Chargee (or any trustee or agent on their its behalf) to proceed against or enforce any other right or security or claim payment from any person or file any proof or claim in any bankruptcy, insolvency, administration, judicial management, winding-up or liquidation proceedings relative to any party or any other person before claiming from the Chargor and/or enforcing the Security under this Deed.

Appears in 1 contract

Samples: Shin Nippon Biomedical Laboratories, Ltd.

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