Right of recourse Sample Clauses

Right of recourse. To the extent required in order to provide for the waiver of subrogation in Section 8.4.1.7, each Obligor hereby waives all its rights of recourse against the Collateral Agent.

Right of recourse. If it is established that a member has ceased to be a member of the Furnmed Sick Benefit Society or NUFAWSA Sick Benefit Society, and the Society has in error or contractually paid for any medical expenses incurred by such member and/or his registered dependants, the Fund trustees shall have the right to deduct the amount(s) from the member’s Provident Fund contributions and transfer the amount(s) due to the relevant Society.

Right of recourse. A carrier who has paid compensation pursuant to these Uniform Rules shall have a right of recourse against the carriers who have taken part in the carriage in accor- dance with the following provisions: a) the carrier who has caused the loss or damage shall be solely liable for it; b) when the loss or damage has been caused by several carriers, each shall be liable for the loss or damage he has caused; if such distinction is impossible, the com- pensation shall be apportioned between them in accordance with letter c); c) if it cannot be proved which of the carriers has caused the loss or damage, the compensation shall be apportioned between all the carriers who have taken part in the carriage, except those who prove that the loss or damage was not caused by them; such apportionment shall be in proportion to their respective shares of the carriage charge. In the case of insolvency of any one of these carriers, the unpaid share due from him shall be apportioned among all the other carriers who have taken part in the car- riage, in proportion to their respective shares of the carriage charge.

Right of recourse. 8.1 The Guarantor hereby agrees not to exercise the Rights of Recourse or any other right (including, exercised through interim measures such as the interim attachment, by offset or by any other means), and not to exercise any action or undertake anything that may be connected with these Rights of Recourse or other equivalent rights, except when a contrary intention is expressed herein, or when it is authorized in writing by the Bondholders, until the Secured Bonds have been fully and irrevocably paid. 8.2 This clause shall remain in effect until the Secured Bonds are fully and irrevocably paid and shall survive, to the extent necessary, any termination or release of this Guarantee Agreement.

Right of recourse. 1. If the Bank makes any payment under the issued guarantee with its own funds, the Client shall compensate the Bank for any sums so paid under the guarantee, including any applicable interest, fees and other costs and expenses. 2. The amount paid by the Bank under an FC guarantee shall be compensated by the Client to the Bank in foreign currency or in HRK equivalent calculated at the selling rate of exchange quoted by the Bank on the payment date. 3. In respect of any amount paid by the Bank under the issued guarantee, the Bank shall calculate and charge default interest starting from the first day. 4. If the issued guarantee specifies the requirement for the Bank to make payment under the guarantee on the date of receipt by the Bank of the payment demand or on the immediately following day after the receipt of the payment demand, and if the Beneficiary calls upon the Bank to pay default interest accrued from the date of receipt by the Bank of the payment demand under the Guarantee up until the date of payment by the Bank under the Guarantee, the Client shall compensate the Bank for any sum of default interest paid in such manner. 5. If the guarantee is governed by foreign law, the Client shall indemnify the Bank for any difference, shortage, loss and damage arising from the application of the foreign law. 6. If the Bank issues a guarantee upon demand of the Client and on behalf of a third party, and is called upon to honor the issued guarantee, the Client shall enter into an agreement with the third party to regulate their mutual business relationship with respect to the international credit transaction in accordance with the terms and conditions laid down in the Foreign Exchange Operations Act and in other applicable bylaws and regulations.

Right of recourse. Once the compensation has been paid in respect of the civil liability risk, Zurich has the right of recourse, in respect of the amount spent, against the Policyholder or the Insured who has intentionally caused the damage or has otherwise intentionally harmed Zurich after the accident.

Right of recourse. If the policyholder is entitled to a damage claim against a third party, the claim shall pass to the insurer insofar as the insurer compensates the policyholder for the damage. As the insurer has paid compensation for damage, the insurer takes over your right to demand compensation from the person who is liable to you in respect of the damage.

Right of recourse is the Right of Recourse of the Seller (to repay the Loan, to pay Interest, delay charges and other related payments) in respect of the Borrower arising from the relevant Loan Agreement. The Individual Terms of Agreement provide the specific amount of the Right of Recourse, other information individualizing the transferable Right of Recourse, details about Loan Agreement, Borrower and security measures applied for execution of Loan Agreement.

Right of recourse. A carrier who has paid compensation pursuant to this Convention shall have a right of recourse against the carriers who have taken part in the carriage in accordance with the following provisions: