No Action Contrary to Clause Samples

The "No Action Contrary to" clause prohibits a party from taking any actions that would conflict with the terms or intent of the agreement. In practice, this means that each party must ensure their conduct, decisions, and policies remain consistent with the obligations and purposes outlined in the contract; for example, a company cannot implement internal rules that would undermine its contractual commitments. This clause serves to reinforce the integrity of the agreement by preventing indirect breaches and ensuring that all parties act in good faith to uphold their responsibilities.
No Action Contrary to the Facility Lessee's Rights Under the Facility Lease. Notwithstanding any othe▇ ▇▇▇▇ision of any of the Operative Documents, so long as no Lease Event of Default under the Facility Lease shall have been declared (or deemed to have been declared), the Indenture Trustee and the Noteholders shall be subject to the Facility Lessee's rights under the Facility Lease, and neither the Indenture Trustee nor any Noteholders shall take or cause to be taken any action contrary to the right of the Facility Lessee, including its rights to quiet use and possession of the Facility.
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No Action Contrary to the Lessee's Rights Under the Lease. Notwithstanding any other provision of any of the Operative Documents, so long as no Lease Event of Default shall have occurred and be then continuing and the Lease shall not have been declared (or deemed to have been declared) in default, the Indenture Trustee shall not take or cause to be taken any action contrary to the Lessee's rights under the Lease and the Site Sublease, including its rights, as between the Lessee and the Owner Trust and the Owner Participant and any Person claiming by or through the Owner Trust or the Owner Participant, to quiet enjoyment of the use, operation and possession of the Undivided Interest by the Lessee of the Facility, the Undivided Interest and the Ground Interest.
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No Action Contrary to the Lessee's Rights Under the Lease. --------------------------------------------------------- Notwithstanding any of the provisions of this Indenture or the Trust Agreement to the contrary, so long as no Lease Event of Default shall have occurred and be continuing, neither the Indenture Trustee nor the Owner Trustee will take any affirmative acts contrary to the terms of the Lease that interfere with the peaceful and quiet possession and enjoyment of the Aircraft by the Lessee.
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No Action Contrary to the Lessor's Rights Under the Head Lease or the Lessee's Rights Under the Sublease
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No Action Contrary to the Lessee's Rights Under the Lease. Notwithstanding any other provision of any of the Operative Documents, so long as no Lease Event of Default shall have occurred and be then continuing and the Lease shall not have been declared (or deemed to have been declared) in default, the Indenture Trustee shall not take or cause to be taken any action contrary to the Lessee's rights under the Lease and the Site Sublease, including its rights, as between the Lessee and the Owner Trust and the Owner
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Related to No Action Contrary to

  • No Action No suit, action, or proceeding will be pending or threatened before any governmental or regulatory authority wherein an unfavorable judgment, order, decree, stipulation, injunction or charge would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) cause the Transaction to be rescinded following consummation.

  • No Action without Instructions Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).

  • No Actions No action, proceeding, investigation, regulation or legislation shall have been instituted, threatened or proposed before any court, governmental agency or authority or legislative body to enjoin, restrain, prohibit, or obtain substantial damages in respect of, this Agreement or the consummation of the transactions contemplated by this Agreement.

  • NO STRIKE/LOCKOUT The Union agrees there shall be no strikes and the Hospital agrees there shall be no lockouts so long as this Agreement continues to operate. The terms "strike" and "

  • BANKRUPTCY, DEBARMENT, OR SUSPENSION CERTIFICATION Supplier certifies and warrants that it is not in bankruptcy or that it has previously disclosed in writing certain information to Sourcewell related to bankruptcy actions. If at any time during this Contract Supplier declares bankruptcy, Supplier must immediately notify Sourcewell in writing. Supplier certifies and warrants that neither it nor its principals are presently debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from programs operated by the State of Minnesota; the United States federal government or the Canadian government, as applicable; or any Participating Entity. Supplier certifies and warrants that neither it nor its principals have been convicted of a criminal offense related to the subject matter of this Contract. Supplier further warrants that it will provide immediate written notice to Sourcewell if this certification changes at any time.