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. (b) The Current Issuer undertakes that if at any time any person indemnified sues the Current Issuer in respect of any such obligations and the person in respect of whose obligations the indemnity is given is not sued also, the Current Issuer shall not claim that such person be made a party to the proceedings and the Current Issuer agrees to be bound by this indemnity whether or not it is made a party to legal proceedings for the recovery of the amount due or owing to the person indemnified, as aforesaid, by the person in respect of whose obligations the indemnity is given and whether the formalities required by any law of Jersey whether existing or future in regard to the rights or obligations of securities shall or shall not have been observed. (c) Any right which the Current Issuer may have under the existing or future laws of Jersey whether by virtue of the droit de division or otherwise to require that any liability under the indemnity referred to in (b) above be divided or apportioned with any other person or reduced in any manner whatsoever is hereby abandoned and waived.

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. (b) The Current Issuer undertakes that if at any time any person indemnified sues the Current Issuer in respect of any such obligations and the person in respect of whose obligations the indemnity is given is not sued also, the Current Issuer shall not claim that such person be made a party to the proceedings and the Current Issuer agrees to be bound by this indemnity whether or not it is made a party to legal proceedings for the recovery of the amount due or owing to the person indemnified, as aforesaid, by the person in respect of whose obligations the indemnity is given and whether the formalities required by any law of Jersey whether existing or future in regard to the rights or obligations of securities shall or shall not have been observed. (c) Any right which the Current Issuer may have under the existing or future laws of Jersey whether by virtue of the droit de division or otherwise to require that any liability under the this indemnity referred to in (b) above be divided or apportioned with any other person or reduced in any manner whatsoever is hereby abandoned and waived.

Jersey Law Waivers. (a) Any right which at any time the Current Issuer Funding 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 Funding in respect of the obligations hereby assumed by the Current Issuer Funding is hereby abandoned and waived. (b) The Current Issuer Funding undertakes that if at any time any person indemnified sues the Current Issuer Funding in respect of any such obligations and the person in respect of whose obligations the indemnity is given is not sued also, the Current Issuer Funding shall not claim that such person be made a party to the proceedings and the Current Issuer Funding agrees to be bound by this indemnity whether or not it is made a party to legal proceedings for the recovery of the amount due or owing to the person indemnified, as aforesaid, by the person in respect of whose obligations the indemnity is given and whether the formalities required by any law of Jersey whether existing or future in regard to the rights or obligations of securities shall or shall not have been observed. (c) Any right which the Current Issuer Funding may have under the existing or future laws of Jersey whether by virtue of the droit de division or otherwise to require that any liability under the this indemnity referred to in (b) above be divided or apportioned with any other person or reduced in any manner whatsoever is hereby abandoned and waived.. ] 17. Appointment, Removal and Retirement of Security Trustee

Jersey Law Waivers. (a) Any right which at any time the Current Issuer Funding 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 Funding in respect of the obligations hereby assumed by the Current Issuer Funding is hereby abandoned and waived. (b) The Current Issuer Funding undertakes that if at any time any person indemnified sues the Current Issuer Funding in respect of any such obligations and the person in respect of whose obligations the indemnity is given is not sued also, the Current Issuer Funding shall not claim that such person be made a party to the proceedings and the Current Issuer Funding agrees to be bound by this indemnity whether or not it is made a party to legal proceedings for the recovery of the amount due or owing to the person indemnified, as aforesaid, by the person in respect of whose obligations the indemnity is given and whether the formalities required by any law of Jersey whether existing or future in regard to the rights or obligations of securities shall or shall not have been observed. (c) Any right which the Current Issuer Funding may have under the existing or future laws of Jersey whether by virtue of the droit de division or otherwise to require that any liability under the this indemnity referred to in (b) above be divided or apportioned with any other person or reduced in any manner whatsoever is hereby abandoned and waived.