Common use of Limited Recourse and Non-Petition Clause in Contracts

Limited Recourse and Non-Petition. (a) The Secured Parties shall have recourse only to the proceeds of the realization of Collateral once the proceeds have been applied in accordance with the terms of the Pledge and Security Agreement (the “Net Proceeds”). If the Net Proceeds are insufficient to discharge all payments which, but for the effect of this clause, would then be due (the “Amounts Due”), the obligation of the Company shall be limited to the amounts available from the Net Proceeds and no debt shall be owed to the Secured Parties by the Company for any further sum. The Secured Parties shall not take any action or commence any proceedings against the Company to recover any amounts due and payable by the Company under this Agreement except as expressly permitted by the provisions of this Agreement. The Secured Parties shall not take any action or commence any proceedings or petition a court for the liquidation of the Company, nor enter into any arrangement, reorganization or insolvency proceedings in relation to the Company whether under the laws of the Cayman Islands or other applicable bankruptcy laws until after the later to occur of the payment of all of the Amounts Due or the application of all of the Net Proceeds.

Limited Recourse and Non-Petition. (a) The Secured Parties shall have recourse only to the proceeds of the realization of Collateral once the proceeds have been applied in accordance with the terms of the Pledge and Security this Agreement (the “Net Proceeds”). If the Net Proceeds are insufficient to discharge all payments which, but for the effect of this clause, would then be due (the “Amounts Due”), the obligation of the Company shall be limited to the amounts available from the Net Proceeds and no debt shall be owed to the Secured Parties by the Company for any further sum. The Secured Parties shall not take any action or commence any proceedings against the Company to recover any amounts due and payable by the Company under this Agreement except as expressly permitted by the provisions of this Agreement. The Secured Parties shall not take any action or commence any proceedings or petition a court for the liquidation of the Company, nor enter into any arrangement, reorganization or insolvency proceedings in relation to the Company whether under the laws of the Cayman Islands or other applicable bankruptcy laws until after the later to occur of the payment of all of the Amounts Due or the application of all of the Net Proceeds.

Limited Recourse and Non-Petition. (a) The Secured Parties shall have recourse only to the proceeds of the realization of Collateral once the proceeds have been applied in accordance with the terms of the Pledge and Security Agreement (the “"Net Proceeds”"). If the Net Proceeds are insufficient to discharge all payments which, but for the effect of this clause, would then be due (the “"Amounts Due”"), the obligation of the Company Borrower shall be limited to the amounts available from the Net Proceeds and no debt shall be owed to the Secured Parties by the Company Borrower for any further sum. The Secured Parties shall not take any action or commence any proceedings against the Company Borrower to recover any amounts due and payable by the Company Borrower under this the Financing Agreement except as expressly permitted by the provisions of this the Financing Agreement. The Secured Parties shall not take any action or commence any proceedings or petition a court for the liquidation of the CompanyBorrower, nor enter into any arrangement, reorganization or insolvency proceedings in relation to the Company Borrower whether under the laws of the Cayman Islands or other applicable bankruptcy laws until after the later to occur of the payment of all of the Amounts Due or the application of all of the Net Proceeds.

Limited Recourse and Non-Petition. (a) The Secured Parties shall have recourse only to the proceeds of the realization of Collateral once the proceeds have been applied in accordance with the terms of the Pledge and Security Agreement (the “Net Proceeds”). If the Net Proceeds are insufficient to discharge all payments which, but for the effect of this clause, would then be due (the “Amounts 94 US_142974558 Due”), the obligation of the Company shall be limited to the amounts available from the Net Proceeds and no debt shall be owed to the Secured Parties by the Company for any further sum. The Secured Parties shall not take any action or commence any proceedings against the Company to recover any amounts due and payable by the Company under this Agreement except as expressly permitted by the provisions of this Agreement. The Secured Parties shall not take any action or commence any proceedings or petition a court for the liquidation of the Company, nor enter into any arrangement, reorganization or insolvency proceedings in relation to the Company whether under the laws of the Cayman Islands or other applicable bankruptcy laws until after the later to occur of the payment of all of the Amounts Due or the application of all of the Net Proceeds.

Limited Recourse and Non-Petition. (a) The Secured Parties shall have recourse only to the proceeds of the realization of Collateral once the proceeds have been applied in accordance with the terms of the Pledge and Security Agreement (the “"Net Proceeds”"). If the Net Proceeds are insufficient to discharge all payments which, but for the effect of this clause, would then be due (the “"Amounts Due”"), the obligation of the Company Borrowers shall be limited to the amounts available from the Net Proceeds and no debt shall be owed to the Secured Parties by the Company Borrowers for any further sum. The Secured Parties shall not take any action or commence any proceedings against the Company Borrowers to recover any amounts due and payable by the Company Borrowers under this the Financing Agreement except as expressly permitted by the provisions of this the Financing Agreement. The Secured Parties shall not take any action or commence any proceedings or petition a court for the liquidation of the CompanyBorrowers, nor enter into any arrangement, reorganization or insolvency proceedings in relation to the Company Borrowers whether under the laws of the Cayman Islands or other applicable bankruptcy laws until after the later to occur of the payment of all of the Amounts Due or the application of all of the Net Proceeds.

Limited Recourse and Non-Petition. (a) The Secured Parties shall have recourse only to the proceeds of the realization of Collateral once the proceeds have been applied in accordance with the terms of the Pledge and Security Agreement (the “"Net Proceeds”"). If the Net Proceeds are insufficient to discharge all payments which, but for the effect of this clause, would then be due (the “"Amounts Due”"), the obligation of the Company Borrower shall be limited to the amounts available from the Net Proceeds and no debt shall be owed to the Secured Parties by the Company Borrower for any further sum. The Secured Parties shall not take any action or commence any proceedings against the Company Borrower to recover any amounts due and payable by the Company Borrower under this the Financing Agreement except as expressly permitted by the provisions of this the Financing Agreement. The Secured Parties shall not take any action or commence any proceedings or petition a court for the liquidation of the CompanyBorrower, nor enter into any arrangement, reorganization or insolvency proceedings in relation to the Company Borrower whether under the laws of the Cayman Islands or other applicable bankruptcy laws until after the later to occur of the payment of all of the Amounts Due or the application of all of the Net Proceeds.

Limited Recourse and Non-Petition. (a) The Secured Parties shall have recourse only to the proceeds of the realization of Collateral once the proceeds have been applied in accordance with the terms of the Pledge and Security Agreement (the “Net Proceeds”). If the Net Proceeds are insufficient to discharge all payments which, but for the effect of this clause, would then be due (the “Amounts Due”), the obligation of the Company Borrower shall be limited to the amounts available from the Net Proceeds and no debt shall be owed to the Secured Parties by the Company Borrower for any further sum. The Secured Parties shall not take any action or commence any proceedings against the Company Borrower to recover any amounts due and payable by the Company Borrower under this the Financing Agreement except as expressly permitted by the provisions of this the Financing Agreement. The Secured Parties shall not take any action or commence any proceedings or petition a court for the liquidation of the CompanyBorrower, nor enter into any arrangement, reorganization or insolvency proceedings in relation to the Company Borrower whether under the laws of the Cayman Islands or other applicable bankruptcy laws until after the later to occur of the payment of all of the Amounts Due or the application of all of the Net Proceeds.

Limited Recourse and Non-Petition. (a) The Secured Parties shall have recourse only to the proceeds of the realization of Collateral once the proceeds have been applied in accordance with the terms of the Pledge and Security Agreement (the “Net Proceeds”). If the Net Proceeds are insufficient to discharge all payments which, but for the effect of this clause, would then be due (the “Amounts Due”), the obligation of the Company shall be limited to the amounts available from the Net Proceeds and no debt shall be owed to the Secured Parties by the Company for any further sum. The Secured Parties shall not take any action or commence any proceedings against the Company to recover any amounts due and payable by the Company under this Agreement except as expressly permitted by the provisions of this Agreement. The Secured Parties shall not take any action or US_142815097 commence any proceedings or petition a court for the liquidation of the Company, nor enter into any arrangement, reorganization or insolvency proceedings in relation to the Company whether under the laws of the Cayman Islands or other applicable bankruptcy laws until after the later to occur of the payment of all of the Amounts Due or the application of all of the Net Proceeds.