RIGHTS OF RECOURSE. 10.1 For as long as the Secured Obligations are outstanding and have not been unconditionally and irrevocably paid and discharged in full or the Collateral Agent or the Secured Parties have any obligations under the Loan Documents, the Pledgor shall not exercise any Rights of Recourse, arising for any reason whatsoever, by any means whatsoever (including for the avoidance of doubt, by way of provisional measures such as provisional attachment (“saisie-arrêt conservatoire”) or by way of set-off.
10.2 The Pledgor irrevocably agrees to waive its Rights of Recourse if the relevant person against whom the Rights of Recourse are to be exercised has come under the direct or indirect control of the Collateral Agent or the Secured Parties or any third party following or in connection with, the enforcement of any security granted in connection with the Secured Obligations.
RIGHTS OF RECOURSE. It is a condition precedent to the insurers liability under this policy that the insured maintains full rights of recourse against any manufacturer or supplier with whom the insured has entered into a legal contract for the provision of products as defined by the policy.
RIGHTS OF RECOURSE. 9.1 For as long as the Secured Obligations are outstanding and have not been unconditionally and irrevocably paid and discharged in full or the Collateral Agent or the Secured Parties have any obligations or commitments under the Loan Documents, the Pledgor shall not exercise any Rights of Recourse, arising for any reason whatsoever, by any means whatsoever (including for the avoidance of doubt, by way of provisional measures such as provisional attachment (“saisie-arrêt conservatoire”) or by way of set-off).
9.2 The Pledgor furthermore irrevocably waives its Rights of Recourse against any Obligor if (and as of the moment where) the shares of such Obligor (or any holding company of such Obligor) have been disposed of to a person or persons outside the group by enforcement of any Security Document. Without prejudice to Clause 9.1 above, this Clause shall remain in full force and effect notwithstanding any discharge, release or termination of this Pledge (whether or not in accordance with Clause 7.1 of this Pledge Agreement).
RIGHTS OF RECOURSE. The Borrower further understands and agrees that all rights of recourse to which the Receiver is presently entitled against any property or any other persons in any way obligated for, or liable on, the Loan Documents are expressly reserved by the Receiver. Except as modified herein, the Loan Documents referred to above (all of the terms of which are incorporated herein by reference) are hereby extended, reinstated, reaffirmed, ratified, and rerecorded as of this date for all purposes under law and shall remain in full force and effect.
RIGHTS OF RECOURSE. 11.1. The Pledgor undertakes not to exercise the Rights of Recourse or any other similar rights (including provisional measures such as provisional attachment (saisie arret conservatoire) or set off), except as other ise permitted in riting by the Agent.
11.2. In particular, the Pledgor expressly aives any right it may have of first requiring the Agent to proceed against any other person or enforce any guarantee or security before enforcing this Pledge and its rights (if any) under article 2037 of the Luxembourg Civil Code.
11.3. This clause shall remain in full force during the Security Period and shall, to the extent required, survive any termination or discharge of this Pledge Agreement.
RIGHTS OF RECOURSE. The Pledgor hereby waives and formally undertakes not to exercise the Rights of Recourse or any other similar rights in any manner (including for the avoidance of doubt, by way of provisional measures such as provisional attachment (saisie-arrêt conservatoire), by way of set-off or in any other way), nor to take any action or do anything in relation to such Rights of Recourse or other similar rights, except as otherwise permitted in writing by the Pledgee. This clause shall remain in full force during the Security Period and shall, to the extent required, survive any termination or discharge of this Agreement. The Pledgor acknowledges that this waiver is of the essence for the Pledgee.
RIGHTS OF RECOURSE. (a) The Pledgor hereby waives and formally undertakes not to exercise the Rights of Recourse or any other similar rights in any manner (including for the avoidance of doubt, by way of provisional measures such as provisional attachment (saisie-arrêt conservatoire)), by way of set-off or in any other way, nor to take any action or do anything in relation to such Rights of Recourse or other similar rights, except as otherwise permitted in writing by the Pledgee.
(b) This Clause 11 shall remain in full force during the Security Period and shall, to the extent required, survive any termination or discharge of this Agreement.
RIGHTS OF RECOURSE. 17.1. Each of the Pledgors hereby formally waives and renounces to exercise any Rights of Recourse or any other rights it may have against any obligor or Security Grantor pursuant to the Credit Agreement or other Loan Documents in any manner (including for the avoidance of doubt, by way of provisional measures such as provisional attachment ("saisie-arret conservatoire") or by way of set-off.
17.2. Each of the Pledgors acknowledges that this waiver is of essence for the Pledgee and the Secured Parties and it is agreed that this clause shall survive any termination or discharge of this Pledge Agreement.
RIGHTS OF RECOURSE. 9.1 For as long as the Obligations are outstanding and have not been unconditionally and irrevocably paid and discharged in full or the Third Priority Security Agent or the Secured Parties have any obligations under the Third-Ranking Finance Documents and the Intercreditor Agreement, the Pledgor shall not exercise any Rights of Recourse, arising for any reason whatsoever, by any means whatsoever (including for the avoidance of doubt, by way of provisional measures such as provisional attachment (“saisie-arrêt conservatoire”) or by way of set-off.
9.2 The Pledgor irrevocably agrees to waive its Rights of Recourse if the relevant person against whom the Rights of Recourse are to be exercised has come under the direct or indirect control of the Third Priority Security Agent or the Secured Parties or any third party following or in connection with, the enforcement of any security granted in connection with the Obligations.
RIGHTS OF RECOURSE. 1. The Pledgor waives the exercise of Rights of Recourse or any other rights against any Loan Party by way of provisional measures such as provisional attachment (saisie arrêt conservatoire) or by way of set off or the taking of any action in relation to such Rights of Recourse or other similar rights.
2. The Pledgor hereby waives the exercise of Rights of Recourse against any Loan Party following the enforcement of the Pledge, in accordance with Article 2 (6) of the Financial Collateral Law.
3. This Clause 7 (Rights of Recourse) shall remain in full force and effect notwithstanding any discharge or release of this Pledge Agreement.
