Common use of Indirect Action Clause in Contracts

Indirect Action. The parties agree that it is of the essence of their mutual agreement as embodied herein that none of them shall attempt to do indirectly what they could not do directly hereunder, through the use of affiliates, reciprocal business dealings or any other means.

Appears in 11 contracts

Sources: Placement Agency Agreement (Excelsior Private Markets Fund III (TI), LLC), Placement Agency Agreement (Excelsior Private Markets Fund III (TE), LLC), Placement Agency Agreement (Excelsior Private Markets Fund II (TI), LLC)