Common use of Reservations and qualifications Clause in Contracts

Reservations and qualifications. This opinion is subject to the following qualifications: (a) A certificate, documentation, notification, opinion or the like might be held by the English Courts not to be conclusive if it can be shown to have an unreasonable or arbitrary basis or in the event of a manifest error. (b) The English Courts may have discretion as to the enforceability of certain terms of restrictive covenants. This Opinion is addressed to and is for the benefit solely of Zitel Limited and Zitel Corporation in connection with the transactions contemplated by the agreement. This Opinion may not be relied on by any other person for any other purpose, nor may it be disclosed to any other person (other than as may be required by any regulatory authority for the time being having jurisdiction over Zitel Limited and Zitel Corporation) without our prior written consent. Yours faithfully, /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇

Appears in 1 contract

Sources: Asset Purchase Agreement (Zitel Corp)

Reservations and qualifications. This opinion Opinion is subject to the following qualifications: (a) A certificate, documentation, notification, opinion or the like might be held by the English Courts not to be conclusive if it can be shown to have an unreasonable or arbitrary basis or in the event of a manifest error. (b) The English Courts may have discretion as to the enforceability of certain terms of restrictive covenants. This Opinion is addressed to and is for the benefit solely of Zitel Limited and Zitel Corporation in connection with the transactions contemplated by the agreement. This Opinion may not be relied on by any other person for any other purpose, nor may it be disclosed to any other person (other than as may be required by any regulatory authority for the time being having jurisdiction over Zitel Limited and Zitel Corporation) without our prior written consent. Yours faithfully, /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇

Appears in 1 contract

Sources: Asset Purchase Agreement (Zitel Corp)