Common use of Waiver of Litigation Payments Clause in Contracts

Waiver of Litigation Payments. In the event that any action or lawsuit is initiated by or on behalf of OPIC against the Borrower or any other party to any Transaction Document, the Borrower, to the fullest extent permissible under Applicable Law, irrevocably waives its right to, and agrees not to request, plead, or claim that OPIC and its successors, transfers, and assigns (any such Person, an “OPIC Plaintiff”) post, pay, or offer, any cautio judicatum xxxxx xxxx, litigation bond, or any other bond, fee, payment, or security measure provided for by any provision of law applicable to such action or lawsuit (any such bond, fee, payment, or measure, a “Litigation Payment”), and the Borrower further waives any objection that it may now or hereafter have to an OPIC Plaintiff’s claim that such OPIC Plaintiff should be exempt or immune from posting, paying, making, or offering any such Litigation Payment.

Appears in 2 contracts

Samples: Finance Agreement (Ormat Technologies, Inc.), Finance Agreement (Ormat Technologies, Inc.)

AutoNDA by SimpleDocs

Waiver of Litigation Payments. In the event that any action or lawsuit is initiated by or on behalf of OPIC in Russia or elsewhere against the Borrower Company or any other party to any Transaction Financing Document, the BorrowerCompany, to the fullest extent permissible under Applicable Lawapplicable law, irrevocably waives its right to, and agrees not to request, plead, or claim that OPIC and its successors, transfers, and assigns (any such Person, an "OPIC Plaintiff”PLAINTIFF") post, pay, or offer, any cautio judicatum xxxxx judicaturm solvx xxxx, litigation xxtigation bond, or any other bond, fee, payment, or security measure provided for by any provision of law applicable to such action or lawsuit (any such bond, fee, payment, or measure, a “Litigation Payment”"LITIGATION PAYMENT"), and the Borrower Company further waives any objection that it may now or hereafter have to an OPIC Plaintiff’s Plaintiffs claim that such OPIC Plaintiff should be exempt or immune from posting, paying, making, making or offering any such Litigation Payment.

Appears in 1 contract

Samples: Finance Agreement (Pioneer Group Inc)

Waiver of Litigation Payments. In the event that any action or lawsuit is initiated by or on behalf of OPIC against the Borrower Company or any other party to any Transaction Financing Document, the BorrowerCompany, to the fullest extent permissible under Applicable Lawapplicable law, irrevocably waives its right to, and agrees not to request, plead, or claim that OPIC and its successors, transfers, and assigns (any such Person, an "OPIC Plaintiff”PLAINTIFF") post, pay, or offer, any cautio judicatum xxxxx xxxxCAUTIO JUDICATUM SOLVI bond, litigation bond, or any other bond, fee, payment, or security measure sexxxxxx xxxsure provided for by any provision of law applicable to such action or lawsuit (any such bond, fee, payment, or measure, a “Litigation Payment”"LITIGATION PAYMENT"), and the Borrower Company further waives any objection that it may now or hereafter have to an OPIC Plaintiff’s 's claim that such OPIC Plaintiff should be exempt or immune from posting, paying, making, or offering any such Litigation Payment.

Appears in 1 contract

Samples: DSR Agreement (Pricesmart Inc)

Waiver of Litigation Payments. In the event that any action or lawsuit is initiated by or on behalf of OPIC against the Borrower Borrowers or any other party to any Transaction Financing Document, the BorrowerBorrowers, to the fullest extent permissible under Applicable Lawapplicable law, irrevocably waives its waive their right to, and agrees agree not to request, plead, or claim that OPIC and its successors, transfers, and assigns (any such Person, an "OPIC Plaintiff”PLAINTIFF") post, pay, or offer, any cautio judicatum xxxxx CAUTIO JUDICATUM XXXXX xxxx, litigation bond, or any other bond, fee, payment, or security measure provided for by any provision of law applicable to such action or lawsuit (any such bond, fee, payment, or measure, a “Litigation Payment”"LITIGATION PAYMENT"), and the Borrower Borrowers further waives waive any objection that it may now or hereafter have to an OPIC Plaintiff’s 's claim that such OPIC Plaintiff should be exempt or immune from posting, paying, making, or offering any such Litigation Payment.

Appears in 1 contract

Samples: Loan Agreement (Pricesmart Inc)

Waiver of Litigation Payments. In the event that any action or lawsuit is initiated by or on behalf of OPIC in any jurisdiction against the Borrower or any other party to any Transaction Document, the Borrower, to the fullest extent permissible under Applicable Lawapplicable law, irrevocably waives its right to, and agrees not to request, plead, or claim that OPIC and its successors, transfers, and assigns (any such Person, an “OPIC Plaintiff”) post, pay, or offer, any cautio judicatum xxxxx xxxx, litigation bond, or any other bond, fee, payment, or security measure provided for by any provision of law applicable to such action or lawsuit (any such bond, fee, payment, or measure, a “Litigation Payment”), and the Borrower further waives any objection that it may now or hereafter have to an OPIC Plaintiff’s claim that such OPIC Plaintiff should be exempt or immune from posting, paying, making, making or offering any such Litigation Payment.

Appears in 1 contract

Samples: Finance Agreement (Lazare Kaplan International Inc)

AutoNDA by SimpleDocs

Waiver of Litigation Payments. In the event that any action or lawsuit is initiated by or on behalf of OPIC against the either Borrower or any other party to any Transaction Document, the each Borrower, to the fullest extent permissible under Applicable Law, irrevocably waives its right to, and agrees not to request, plead, or claim that OPIC and its successors, transfers, and assigns (any such Person, an “OPIC Plaintiff”) post, pay, or offer, any cautio judicatum xxxxx xxxx, litigation bond, or any other bond, fee, payment, or security measure provided for by any provision of law applicable to such action or lawsuit (any such bond, fee, payment, or measure, a “Litigation Payment”), and the each Borrower further waives any objection that it may now or hereafter have to an OPIC Plaintiff’s claim that such OPIC Plaintiff should be exempt or immune from posting, paying, making, or offering any such Litigation Payment.

Appears in 1 contract

Samples: Loan Agreement

Waiver of Litigation Payments. In the event that any action or lawsuit is initiated by or on behalf of OPIC against the Borrower Borrower, the Holding Company or any other party to any Transaction Financing Document, the BorrowerBorrower and the Holding Company, to the fullest extent permissible under Applicable Lawapplicable law, each irrevocably waives its right to, and agrees not to request, plead, or claim that OPIC and its successors, transferstransferees, and assigns (any such Person, an "OPIC Plaintiff") post, pay, or offer, any cautio judicatum xxxxx solvx xxxx, litigation xxtigation bond, or any other bond, fee, payment, or security measure provided for by any provision of law applicable to such action or lawsuit (any such bond, fee, payment, or measure, a "Litigation Payment"), and the Borrower and the Holding Company each further waives any objection that it may now or hereafter have to an OPIC Plaintiff’s Plaintiffs claim that such OPIC Plaintiff should be exempt or immune from posting, paying, making, making or offering any such Litigation Payment.

Appears in 1 contract

Samples: Finance Agreement (CMS Nomeco Oil & Gas Co)

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