Not Prohibited Sample Clauses
The "Not Prohibited" clause serves to clarify that certain actions, rights, or obligations are permitted under the agreement unless they are expressly forbidden elsewhere in the contract. In practice, this means that if the contract does not specifically prohibit a party from taking a particular action, that action is allowed. For example, if a contract does not explicitly ban subcontracting, the party may subcontract work as needed. This clause helps prevent ambiguity by ensuring that parties are not unnecessarily restricted, thereby promoting flexibility and reducing the risk of disputes over what is or is not allowed.
POPULAR SAMPLE Copied 1 times
Not Prohibited. You warrant that you are not a person prohibited by any Relevant Person or any applicable regulations from making the Application(s) or from owning the Offer Securities and that you make each Application as principal and not on behalf of any person subject to such prohibition or any other person.
Not Prohibited. The Client warrants to and for the benefit of the Company and any of its nominees that the Client is not a person prohibited by any Relevant Person or any Applicable Regulations from making the Application(s) or from owning the Offer Securities and that the Client makes each Application as principal and not on behalf of any person subject to such prohibition or any other person.
Not Prohibited is not prohibited from purchasing or holding that bond, and is not acting on behalf of any person or entity who is prohibited from purchasing or holding the bond, as set out in the prospectus;
Not Prohibited. The Client warrants to and for the benefit of TCSCL and any of its nominees that the Client is not a person prohibited by any Relevant Person or any applicable regulations from making the Application(s) or from owning the Offer Securities and that the Client makes each Application as principal and not on behalf of any person subject to such prohibition or any other person.