No Constraint Clause Samples
A "No Constraint" clause serves to explicitly state that there are no restrictions or limitations imposed on a particular action, right, or obligation within the agreement. In practice, this means that the parties are free to act without needing to seek approval, meet specific conditions, or adhere to additional requirements in the context specified by the contract. This clause is often used to clarify that certain activities are permitted without hindrance, thereby preventing ambiguity and ensuring that all parties understand their freedom of action in the relevant area.
No Constraint. Notwithstanding the provisions of Section 4.01 above, the fulfillment or waiver of any or all of the conditions precedent to the Distribution set forth therein shall not:
(a) create any obligation on the part of ESI or any other party hereto to effect the Distribution;
(b) in any way limit ESI's right and power under Section 8.10 hereof to terminate this Agreement and the process leading to the Distribution and to abandon the Distribution; or
(c) alter the consequences of any such termination under Section 8.10 hereof from those specified in such Section.
No Constraint. Notwithstanding the provisions of Section 4.01 above, the fulfillment or waiver of any or all of the conditions precedent to the Distribution set forth therein shall not:
(i) create any obligation on the part of Tenneco or any other party hereto to effect the Distribution;
(ii) in any way limit Tenneco's right and power under Section 8.11 to terminate this Agreement and the process leading to the Distribution and to abandon the Distribution; or
(iii) alter the consequences of any such termination under Section 8.11 from those specified in such Section.
No Constraint. Notwithstanding the provisions of -------------
Section 3.1 above, the fulfillment or waiver of any or all of the conditions ----------- precedent to the Distribution set forth therein shall not:
(a) create any obligation on the part of Columbia/HCA to effect the Distribution;
(b) in any way limit Columbia/HCA's right and power under Section 11.2 below to terminate this Agreement and to abandon the ------------ Distribution; or
No Constraint. Notwithstanding the provisions of SECTION 4.01 above (but subject to Tenneco's obligations under the Merger Agreement), the fulfillment or waiver of any or all of the conditions precedent to the Distributions set forth therein shall not: (i) create any obligation on the part of Tenneco or any other party hereto to effect the Distributions; (ii) in any way limit Tenneco's right and power under SECTION 8.11 hereof to terminate this Agreement and the process leading to the Distributions and to abandon the Distributions; or (iii) alter the consequences of any such termination under SECTION 8.11 hereof from those specified in such Section. SECTION 4.03.
No Constraint. 21 SECTION 4.03. Deferral of Distribution Date.................. 21 SECTION 4.04. Public Notice of Deferred Distribution Date.... 21 ARTICLE V COVENANTS.................................................... 22 SECTION 5.01. Further Assurances............................. 22 SECTION 5.02. Tenneco Name................................... 22 SECTION 5.03. Supplies and Documents......................... 22 SECTION 5.04.
No Constraint. 14 Section 3.3..............
No Constraint. Notwithstanding the provisions of Section 4.01 above, the fulfillment or waiver of any or all of the conditions precedent to the Distribution set forth therein shall not:
(i) create any obligation on the part of GP or any other party hereto to effect the Distribution;
(ii) in any way limit GP's right and power under Section 8.10 hereof to terminate this Agreement and the process leading to the Distribution and to abandon the Distribution; or
(iii) alter the consequences of any such termination under Section 8.10 hereof from those specified in such Section.
No Constraint. Notwithstanding the provisions of Section 4.01 above (but subject to Domestic Company's obligations under the Acquisition Agreement), the fulfillment or waiver of any or all of the conditions precedent to the Distribution set forth therein shall not:
(i) create any obligation on the part of Domestic Company or any other party hereto to effect the Distribution;
(ii) in any way limit Domestic Company's right and power under Section 8.11 hereof to terminate this Agreement and the process leading to the Distribution and to abandon the Distribution; or
(iii) alter the consequences of any such termination under Section 8.10 hereof from those specified in such Section.
No Constraint. Notwithstanding the provisions of SECTION 4.01 above, the fulfillment or waiver of any or all of the conditions precedent to the Distribution set forth therein shall not stop Parent from effecting the Distribution unless it is deemed to be illegal or the transaction is rejected by the Commission.