Common use of Direct or Indirect Action Clause in Contracts

Direct or Indirect Action. Where any provision in this Agreement refers to action to be taken by any person or entity, or which such person or entity is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such person or entity.

Appears in 1 contract

Sources: Commercial Revolving Loan and Security Agreement (Starter Corp)

Direct or Indirect Action. Where When any provision in of this Agreement refers to action to be taken by requires or prohibits a person from taking any person or entityparticular action, or which such person or entity is prohibited from taking, such the provision shall be applicable applies regardless of whether such the action is taken directly or indirectly by such person or entitythe person.

Appears in 1 contract

Sources: Stock Purchase Agreement (Sailtech International Inc)

Direct or Indirect Action. Where When any provision in of this Agreement refers to action to be taken by any requires or prohibits a person or entityfrom taking a particular action, or which such person or entity is prohibited from taking, such the provision shall be applicable applies regardless of whether such the action is taken directly or indirectly by such person or entitythe person.

Appears in 1 contract

Sources: Settlement and Stock Redemption Agreement (Sailtech International Inc)

Direct or Indirect Action. Where When any provision in of this Agreement refers to requires or prohibits any particular action to be taken by any person or entitya person, or which such person or entity is prohibited from taking, such the provision shall be applicable applies regardless of whether such the action is taken directly or indirectly by such person or entitythe person.

Appears in 1 contract

Sources: Asset Purchase Agreement (Toymax International Inc)