RIGHTS OF RECOURSE. 11.1. The Pledgor undertakes not to exercise the Rights of Recourse or any other similar rights (including provisional measures such as provisional attachment (saisie arret conservatoire) or set off), except as other ise permitted in riting by the Agent. 11.2. In particular, the Pledgor expressly aives any right it may have of first requiring the Agent to proceed against any other person or enforce any guarantee or security before enforcing this Pledge and its rights (if any) under article 2037 of the Luxembourg Civil Code. 11.3. This clause shall remain in full force during the Security Period and shall, to the extent required, survive any termination or discharge of this Pledge Agreement.
Appears in 2 contracts
Sources: Note Purchase Agreement (BELLUS Health Inc.), Note Purchase Agreement (BELLUS Health Inc.)