Common use of Waiver of Jersey Customary Law Rights Clause in Contracts

Waiver of Jersey Customary Law Rights. The Guarantor hereby irrevocably and unconditionally waives and abandons any existing or future right which it may have under the laws of Jersey: (a) whether by virtue of the droit de division or otherwise to require that any liability under any Interim Document be divided or apportioned with any other person or reduced in any manner whatsoever; and (b) 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 it in respect of the obligations or liabilities hereby assumed by it under any Interim Document.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement, Commitment Letter, Interim Facility Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!