Burdensome Restrictions Clause Samples
The Burdensome Restrictions clause defines and addresses any obligations or requirements within an agreement that are considered excessively onerous or impractical for one of the parties. In practice, this clause may specify criteria for what constitutes a burdensome restriction, such as requirements that significantly increase costs, limit operational flexibility, or impose unreasonable administrative demands. Its core function is to protect parties from being bound by terms that could unduly hinder their ability to perform under the contract, thereby ensuring fairness and preventing the imposition of unreasonable obligations.
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Burdensome Restrictions. Neither the Borrower nor any Subsidiary is a party to or bound by any agreement, or subject to any restriction in any Organizational Document, or any requirement of law, which would reasonably be expected to effect a Material Adverse Change.
Burdensome Restrictions. No Credit Party is a party to or otherwise bound by any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter, corporate or partnership restriction which would foreseeably have a Material Adverse Effect.
Burdensome Restrictions. Neither the Borrower nor any Subsidiary is a party to or otherwise bound by any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter, corporate or partnership restriction which would foreseeably have a material adverse effect on the business, properties, assets, operations or condition (financial or otherwise) of the Borrower or such Subsidiary or on the ability of the Borrower or any Subsidiary to carry out its obligations under any Loan Document.
Burdensome Restrictions. Except as set forth on Schedule 6.15, neither the Medical Group nor the Medical Business is bound by any oral or written agreement or contract which by its terms prohibits or restricts it from conducting the Medical Group or the Medical Business (or any material part thereof).
Burdensome Restrictions. Except as set forth on Schedule 7.11, neither the Management Company nor the Management Business is bound by any oral or written agreement or contract which by its terms prohibits it from conducting the Management Company or the Management Business (or any material part thereof).
Burdensome Restrictions. None of the Loan Parties is bound by any contractual obligation, or subject to any restriction in any organization document, or any requirement of Law which could reasonably be expected to constitute a Material Adverse Change.
Burdensome Restrictions. Except as set forth on Schedule 6.23, none of the Consolidated Companies is a party to or bound by any Contractual Obligation or Requirement of Law which has had or would reasonably be expected to have a Materially Adverse Effect.
Burdensome Restrictions. No contract, lease, agreement, or other instrument to which Borrower is a party or is bound and no provision of applicable law or governmental regulation has a Material Adverse Effect, or insofar as Borrower can reasonably foresee, may have a Material Adverse Effect.
Burdensome Restrictions. The Company is not obligated under any contract or agreement or subject to any charter or other corporate restriction which materially and adversely affects or in the future may reasonably be expected to materially adversely affect its financial condition, results of operations, assets, liabilities or business.
Burdensome Restrictions. No Credit Party is subject to any Burdensome Restrictions except Burdensome Restrictions permitted under Section 9.14.