Common use of Waiver of Jersey law customary rights Clause in Contracts

Waiver of Jersey law customary rights. (a) Any right which at any time any Jersey Obligor may have 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 such Jersey Obligor in respect of the obligations assumed by such Jersey Obligor under or in connection with any Finance Document is hereby waived.

Waiver of Jersey law customary rights. (a) Any right which at any time any Jersey Obligor Guarantor may have 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 such Jersey Obligor Guarantor in respect of the obligations assumed by such Jersey Obligor Guarantor under or in connection with any Finance Document is hereby waived.