Common use of Jersey Law Waivers Clause in Contracts

Jersey Law Waivers. (a) Any right which at any time the Current Issuer has under the existing or future laws of Jersey whether by virtue of the droit de discussion or otherwise to require that recourse be had to the assets of any other person before any claim is enforced against the Current Issuer in respect of the obligations hereby assumed by the Current Issuer is hereby abandoned and waived.