Private Act Clause Samples
A Private Act clause defines the parties' obligations to comply with specific legislation that applies only to certain individuals, organizations, or situations, rather than the general public. In practice, this clause may require a party to ensure that their actions or agreements do not contravene any private or local laws that uniquely affect them, such as special statutes or regulations enacted for a particular company or project. Its core function is to allocate responsibility for legal compliance with these specialized laws, thereby reducing the risk of inadvertent legal violations that could impact the agreement.
Private Act. No Borrower will become subject to a Private Act.
Private Act. No Account Party will become subject to a Private Act other than the X.L. Insurance Company, Ltd. Act, 1989.
Private Act. No Account Party will become subject to a Private Act.
Private Act. No Credit Party will become subject to a Private Act which, in the reasonable determination of the Administrative Agent, would be adverse in any material respect to the rights or interests of the Lenders.
Private Act. No Obligor will become subject to a Private Act other than the X.L. Insurance Company, Ltd. ▇▇▇, ▇▇▇▇.
Private Act. No Borrower will become subject to a Private Act other than the X.L. Insurance Company, Ltd. Act, 1989.
Private Act. No Borrower will become subject to a Private Act which, in the reasonable determination of the Administrative Agent, would be adverse in any material respect to the rights or interests of the Lenders.
Private Act. AXIS Capital will not become subject to a Private Act.
Private Act. Such Credit Party shall not become subject to a Private Act except, in the case of XL Insurance, the X.L. Insurance Company, Ltd. Act, 1989.
Private Act. No Obligor will become subject to a Private Act.