Enforceability Exceptions Clause Samples
The Enforceability Exceptions clause defines circumstances under which certain contractual provisions may not be legally enforceable, despite the overall validity of the agreement. Typically, this clause acknowledges that enforcement of the contract may be limited by laws relating to bankruptcy, insolvency, or general principles of equity, which can override strict contractual terms. For example, a court may refuse to enforce a penalty clause or may alter obligations during bankruptcy proceedings. The core function of this clause is to recognize and allocate the risk that some contract terms might not be upheld in all situations, ensuring both parties are aware of potential legal limitations.
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Enforceability Exceptions. “Enforceability Exceptions” shall mean: (a) legal limitations on enforceability arising from applicable bankruptcy and other similar Legal Requirements affecting the rights of creditors generally; (b) legal limitations on enforceability arising from rules of law governing specific performance, injunctive relief and other equitable remedies; and (c) legal limitations on the enforceability of provisions requiring indemnification against liabilities under securities laws in connection with the offering, sale or issuance of securities.
Enforceability Exceptions. Section 3.2.........................10
Enforceability Exceptions. Section 4.3(b) Estimated Cash ....................................................................................
Enforceability Exceptions. 72 14.58 Executive Committee ....................................................................................72 14.59 FAA...............................................................................................................72 14.60 Fiscal Year.....................................................................................................72 14.61 Force Majeure Delay.....................................................................................73 14.62 Gross Asset Value .........................................................................................73 14.63 Guarantor(s) ..................................................................................................73 14.64
Enforceability Exceptions. The term "
Enforceability Exceptions. “Enforceability Exceptions” is defined in Section 3.7(c) of the Agreement.
Enforceability Exceptions. “Enforceability Exceptions” shall have the meaning ascribed to such term in Section 2.15 of this Agreement.
Enforceability Exceptions. 3.3 Estimated Closing Statement....................................................................................................2.4(a) Expiry Date......................................................................................................................6.12(ii)(vi) Final Closing Statement...........................................................................................................2.6(c) Final Purchase Price.....................................................................................................................2.7 Financing.......................................................................................................................................82 HMRC ...........................................................................................................................................31
Enforceability Exceptions. 7 ERISA.........................................................................11 Event..........................................................................9
Enforceability Exceptions. With respect to Unsalable Loans with Enforceability Exceptions and Non-Performing Loans with Enforceability Exceptions, Seller shall indemnify Purchaser with respect to such Enforceability Exceptions in accordance with Section 5.4.