Examples of Jersey Loan Party in a sentence
Any right which at any time any Jersey Loan Party may have under the existing or future laws of Jersey whether by virtue of the droit de division or otherwise to require that any liability under any guarantee or indemnity given in or in connection with any Loan Document be divided or apportioned with any other person or reduced in any manner whatsoever is hereby waived or shall be waived by such Jersey Loan Party under any applicable Loan Document.
Each Jersey Loan Party is an “international services entity” within the meaning of the Goods and Services Tax (Jersey) Law 2007 and charged to income tax in Jersey at a rate of zero per cent.
Each Borrower and each Material Subsidiary has all requisite powers and all material governmental licenses, authorizations, consents and approvals required in each case to carry on its business as now conducted and to enter into and perform its obligations under the Loan Documents to which it is a party and no Jersey Loan Party is conducting or has conducted any unauthorised financial services business for the purposes of the Financial Services (Jersey) Law 1998.
Any right which at any time any Jersey Loan Party 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 Loan Party in respect of the obligations assumed by such Jersey Loan Party under or in connection with any Loan Document is hereby waived or shall be waived by such Jersey Loan Party under any applicable Loan Document.