Common use of Reasonable and Necessary Restrictions Clause in Contracts

Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not ▇▇▇ to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.

Appears in 8 contracts

Sources: Intercompany Agreement (Reckson Services Industries Inc), Merger Agreement (Station Casinos Inc), Intercompany Agreement (New America Network Inc)

Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, and are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not ▇▇▇ to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.

Appears in 7 contracts

Sources: Intercompany Agreement (LTC Healthcare Inc), Intercompany Agreement (Excel Legacy Corp), Intercompany Agreement (LTC Healthcare Inc)

Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not sue ▇▇ to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.

Appears in 4 contracts

Sources: Intercompany Agreement (Crescent Operating Inc), Intercompany Agreement (Crescent Operating Inc), Intercompany Agreement (Crescent Operating Inc)

Reasonable and Necessary Restrictions. Each of the parties ------------------------------------- hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not ▇▇▇ to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.

Appears in 1 contract

Sources: Intercompany Agreement (Meristar Hospitality Corp)

Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants agrees that it will not ▇▇▇ to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.

Appears in 1 contract

Sources: Intercompany Agreement (Vornado Operating Co)

Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants agrees that it will not sue ▇▇ to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.

Appears in 1 contract

Sources: Intercompany Agreement (Vornado Operating Inc)

Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not ▇▇▇ sue to challenge the enforceability of this Agreement or raise any equitable ▇▇▇itable defense to its enforcement.

Appears in 1 contract

Sources: Intercompany Agreement (Reckson Services Industries Inc)

Reasonable and Necessary Restrictions. Each of the parties hereto ------------------------------------- hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not ▇▇▇ to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.

Appears in 1 contract

Sources: Agreement and Plan of Merger (American General Hospitality Corp)

Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, and are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not sue ▇▇ to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.

Appears in 1 contract

Sources: Intercompany Agreement (Excel Realty Trust Inc)