Renunciation of recourse Sample Clauses

Renunciation of recourse. Notwithstanding the provisions of Article L. 221-1 of the Commercial Code (and provided that this does not affect or limit the scope of any other provision of the Agreement), the Financial Agent, the Security Agent and each Bank hereby individually and collectively, expressly and irrevocably renounce: (A) any recourse which they may have or which they believe they may have with respect to any Partner of any of the SNC Borrowers with respect to any obligation of said SNC Borrower pursuant to the Agreement; and (B) any action designed to obtain the judicial reorganization or liquidation of any of the SNC Borrowers. However, these renunciations do not extend to the agreement by the Partners which are Lenders to grant the Advances under the Advances Agreement.
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Renunciation of recourse. To the extent of Contractor’s obligations under the Agreement Contractor shall ensure that all insurances, other than Employers Liability Insurance/Workmen's Compensation, name Company Group as co-insured and that its insurers waive all rights of recourse including in particular any rights of subrogation against Company Group as defined in accordance with this Agreement or any Work Order. Contractor shall upon request furnish to Company insurance certificates confirming all such insurance has been placed.
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Renunciation of recourse. To the extent pursuant to Suppliers obligations under the Agreement Supplier shall ensure that its insurers waive all rights of recourse including in particular any rights of subrogation against Buyer and its Group as defined in accordance with this Agreement or any PO.
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Renunciation of recourse. Notwithstanding the provisions of Article L. 221-1 of the Commercial Code (and provided that this does not affect or limit the scope of any other provision of the Agreement), the Lenders’ Agent, the Security Agent and each Lender hereby individually and collectively, expressly and irrevocably renounce: (A) any recourse which they may have or which they believe they may have with respect to any Partner of any of the Borrowers with respect to any obligation of said Borrower pursuant to the Agreement; and (B) any action designed to obtain the judicial reorganization or liquidation of any of the Borrowers.
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Related to Renunciation of recourse

  • Limitation of Recourse The obligations of Pledgor hereunder are obligations solely of Pledgor and shall not constitute a debt or obligation of any direct or indirect partner or shareholder of Pledgor or any of their respective directors, officers, agents or employees (each such Person, a "Non-Recourse Party"). No Non-Recourse Party shall be liable for any amount payable by Pledgor under this Agreement and the Secured Parties shall not seek a money judgment or deficiency or personal judgment against any Non-Recourse Party for payment of the indebtedness payable by Pledgor evidenced by this Agreement. No property or assets of any Non-Recourse Party, other than as contemplated in the Financing Documents, shall be sold, levied upon or otherwise used to satisfy any judgment rendered in connection with any action brought against Pledgor with respect to this Agreement or the other Financing Documents. The foregoing acknowledgments, agreements and waivers shall be enforceable by any Non-Recourse Party. Notwithstanding the foregoing, nothing in this Section shall limit or affect or be construed to limit or affect the obligations and liabilities of any Credit Party or any other Non-Recourse Party (a) in accordance with the terms of any Transaction Document or Financing Document creating such liabilities and obligations to which such Credit Party or Non-Recourse Party is a party, (b) arising from liability pursuant to any applicable Requirement of Law for such Credit Party's or such Non-Recourse Party's fraudulent actions, knowing misrepresentations or willful misconduct or (c) with respect to amounts distributed to it in violation of Section 6.10 of the Credit Agreement.

  • Right of Recovery KFHPWA has the right to recover excess payment whenever it has paid allowable expenses in excess of the maximum amount of payment necessary to satisfy the intent of this provision. KFHPWA may recover excess payment from any person to whom or for whom payment was made or any other issuers or plans. Questions about Coordination of Benefits? Contact the State Insurance Department.

  • REMEDIES OF RESIDENTIAL FUNDING If an Event of Seller Default or an Event of Servicer Default shall occur, Residential Funding may, at its option, exercise one or more of those remedies set forth in the Guides.

  • Preservation of Sellers’ Rights of Recovery Without the prior written consent of the Sellers, the Purchasers shall not amend or modify or grant a waiver under (or agree to amend or modify or grant a waiver under) any Serviced Corporate Trust Contract with respect to any Serviced Appointment in a manner that would materially reduce or materially alter the rights of the Sellers to indemnification, reimbursement or recovery for any costs and expenses incurred by the Sellers or their Affiliates or agents (other than the Purchasers in their capacity as Servicer hereunder) from the sponsor, issuer, obligor, depositor or other source of funds available under the terms of any such Serviced Corporate Trust Contract. Notwithstanding the foregoing, such amendment, modification or waiver shall not require the Sellers’ consent if the Purchasers agree in their sole discretion to indemnify the Sellers to the extent such amendment, modification or waiver reduces the Sellers’ available indemnification, reimbursement or recovery for costs and expenses under the terms of any such Serviced Corporate Trust Contract.

  • Full Recourse The obligations of Seller from time to time to pay the Repurchase Price, Margin Deficit payments, settlement payments and all other amounts due under this Agreement shall be full recourse obligations of Seller.