Rights of Recourse means all and any rights, actions and claims the Pledgor may have against any Loan Party or any other person having granted security or given a guarantee for the Secured Obligations, arising under or pursuant to the enforcement of the present Pledge including, in particular, the Pledgor’s right of recourse against any such entity under the terms of Article 2028 et seq. of the Luxembourg Civil Code (including, for the avoidance of doubt, any right of recourse prior to enforcement), or any right of recourse by way of subrogation or any other similar right, action or claim under any applicable law.
Rights of Recourse means all and any rights, actions and claims the Pledgor may have against any Loan Party or any other person having granted security or given a guarantee for the Secured Obligations, arising under or pursuant to the enforcement of the present Pledge including, in particular, the Pledgor's right of recourse against any such entity under the terms of Article 2028 et seq. of the Luxembourg Civil Code (including, for the avoidance of doubt, any right of recourse prior to enforcement), or any right of recourse by way of subrogation or any other similar right, action or claim under any applicable law.
Rights of Recourse means all and any rights, actions and claims the Pledgor may have against the Debtor and arising under or pursuant to the enforcement of the present Pledge including without limitation, the Pledgor’s’ right of recourse against any such entity under the terms of Articles 2028 et seq. of the Luxembourg Civil Code (including, for the avoidance of doubt, any right of recourse prior to enforcement), or any right of recourse by way of subrogation (such as for instance any right of recourse under Article 1251 of the Luxembourg Civil Code) or any other similar right, action or claim under any applicable law.
Examples of Rights of Recourse in a sentence
In all cases of the Operator’s subrogation to the Rights of Recourse, all the performance guarantees shall also be transferred, including but not limited to the right to mortgage and (or) pledge.
Although, the Operator is not and cannot in any way and to any extent be liable to the Users for the disruption or temporary suspension of the Secondary Market (as additional functionality of Platform) activity (for instance, to improve this functionality), if User will not be able to transfer (or acquire) Rights of Recourse for some time.
The Pledgor agrees that this waiver is for the sole benefit of the Pledgee and the Pledgee shall be entitled to waive the benefit of such waiver of any Rights of Recourse in writing whereby the relevant Rights of Recourse of the Pledgor shall remain in existence and be reinstated as if never waived, without prejudice to the terms of the Senior Secured Finance Documents.
The Borrower agrees that the Lender will be able to transfer the Rights of Recourse to another User without the prior consent of the Borrower using the Secondary Market.
After making the payment and transferring the funds to Paysera account of User who transferred the Rights of Recourse, the Rights of Recourse shall be considered transferred (the moment of transfer of the Right of Recourse).
More Definitions of Rights of Recourse
Rights of Recourse means the Lender’s rights of recourse to the Borrower under the Loan Agreement, the amount of which is stated in the Offer (Special Terms), including all related or derived rights.
Rights of Recourse means any right, action or claim the Pledgor may have (whether by way of subrogation, indemnification or otherwise) against any other Obligor having granted security or guarantee, or being liable, for part or all of the Secured Liabilities including the Pledgor’s right of recourse against any other Obligor under article 1251 3° and article 2028 et seq. of the Luxembourg Civil Code and any other right, action, claim or defence the Pledgor may have under articles 2037 et seq. of the Luxembourg Civil Code.
Rights of Recourse means all and any rights, actions or claims the Pledgor may have by way of subrogation against the Company or any other person having granted security or given a guarantee for or being liable for the payment of some or all the Obligations, arising under or pursuant to the enforcement of this Agreement, including, in particular, the Pledgor’s right of recourse against such persons, or any of them, under the terms of Article 2028 et seq. of the Luxembourg Civil Code (including, for the avoidance of doubt, any right of recourse prior to enforcement), or any right of recourse by way of subrogation or any other similar right, action or claim under any applicable law;
Rights of Recourse means all and any rights, actions and claims the Pledgor may have against (i) the obligors under the Credit Agreement or other Loan Documents and (ii) any entity having granted security or given a guarantee for such obligors' obligations under the Loan Documents (the "SECURITY GRANTOR") arising under or pursuant to the enforcement of the present pledge including, in particular, the Pledgor's right of recourse against the such obligors under the terms of Article 2028ff. of the Civil Code (including, for the avoidance of doubt, any right of recourse prior to enforcement), or any right of recourse by way of subrogation or any other similar right, action or claim under any applicable law.
Rights of Recourse means all and any rights, security interests, actions and claims the Pledgor may have against any debtor or other obligor of any of the Secured Obligations (including, for the avoidance of doubt, any person having given a guarantee for any of the Secured Obligations) or any person having granted security for any of the Secured Obligations and arising under the Pledge or following the enforcement of the Pledge, including, without limitation, the Pledgor’s rights of recourse against any such entity under the terms of Articles 2028, 2029, 2030 and 2033 of the Luxembourg Civil Code (including, for the avoidance of doubt, any rights of recourse prior to enforcement of the Pledge), or any rights of recourse by way of subrogation (such as for instance any rights of recourse under Article 1251 of the Luxembourg Civil Code) or any other similar right, action or claim under any applicable law.
Rights of Recourse means the Investor’s rights of recourse to the Borrower under the Loan Agreement, the amount of which is stated in the Offer (Special Terms), including all related or derived rights.
Rights of Recourse. Means all and any rights, actions and claims the Pledgor may have against any Loan Parties or any other company, person or entity having granted security or given a guarantee for the Secured Obligations or arising under or pursuant to the enforcement of the present Pledge including, in particular, any rights of recourse the Pledgor may have under the terms of article 2028 ss. of the Luxembourg Civil Code (including, for the avoidance of doubt, any right of recourse prior to enforcement), or any right of recourse by way of subrogation and any other similar right, action or claim under any applicable law. Secured Obligations Means (i) means all present and future obligations, monies and liabilities (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of the Borrower to the Secured Parties (or any one of them) under the Agreement and any other Loan Document or Hedging Agreement (including, without limitation, under any amendments, supplements or restatements of any of such Loan Document or Hedging Agreement) and (ii) any obligations undertaken or liabilities incurred by the Pledgor pursuant to this Agreement, all such obligations in any currency or currencies, whether present or future, actual or contingent, together with all interest accruing thereon and all costs, charges and expenses payable in connection therewith, as well as any indemnities due thereunder. Secured Parties Means, collectively, the Agent, Lenders and L/C Issuers under and as defined in the Agreement and the beneficiaries of each indemnification obligation undertaken by any Secured Parties under any Loan Document and shall include, without limitation, all former Secured Parties to the extent that any obligations owing to such persons were incurred while any such person was a Secured Parties and such obligations have not been paid or satisfied in full as well as any successors, assignee or transferee under the Loan Documents and Hedging Agreement as well as any successors, assignee or transferee under the Loan Documents and Hedging Agreement.