Customary Exceptions definition

Customary Exceptions means (a) customary asset sale, insurance and condemnation proceeds events, excess cash flow sweeps, change-of-control offers or events of default and/or (b) Customary Escrow Provisions.

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Customary Exceptions means bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar Laws of general application relating to or affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies.

Customary Exceptions means, with respect to any Opinion of Counsel required to be delivered hereunder, such exceptions to opinions as are customarily expressed in opinions of counsel rendered in connection with similar transactions at the time such Opinion of Counsel is to be delivered and, in any event, shall include exceptions based upon limitations imposed by (a) bankruptcy, insolvency, fraudulent transfer and conveyance, reorganization, moratorium or other laws relating to or affecting mortgagees’ and other creditors’ rights and remedies generally, (b) general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether such enforceability is considered in a proceeding at law or in equity) and (c) laws affecting creation, attachment, perfection or priority of, or remedies for the enforcement of, security interests. “date of execution and delivery of this Indenture” means June 19, 2008.

Examples of Customary Exceptions in a sentence

This Agreement and each Ancillary Document to which it is party have been duly authorized, executed and delivered by such Seller and (assuming the due authorization, execution and delivery of this Agreement and each Ancillary Document by Buyer) constitute the legal, valid and binding obligations of such Seller, enforceable against such Seller in accordance with its terms subject to Customary Exceptions.
This Agreement has been duly authorized, executed and delivered by ▇▇▇▇▇ and (assuming the -34- valid authorization, execution and delivery of this Agreement by Company and Seller) constitutes a legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject to Customary Exceptions.
This Agreement and each Ancillary Document to which it is party has been duly authorized, executed and delivered by Buyer and (assuming the valid authorization, execution and delivery of this Agreement and each Ancillary Document by Sellers) constitutes the legal, valid and binding agreement of Buyer, enforceable against the Buyer in accordance with its terms, subject to Customary Exceptions.
This Agreement has been duly authorized, executed and delivered by ▇▇▇▇▇▇ and (assuming the due authorization, execution and delivery of this Agreement by Buyer) constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms subject to Customary Exceptions.
Each Ancillary Document to which it is party has been duly authorized, executed and delivered by the Company and (assuming the due authorization, execution and delivery of each Ancillary Document by the other party or parties thereto) constitute the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms subject to Customary Exceptions.

More Definitions of Customary Exceptions

Customary Exceptions are circumstances under which: (1) a registration statement or the related prospectus is not effective or available for use solely as a result of the filing of a post-effective amendment to such shelf registration to incorporate annual or periodic financial information where such

Customary Exceptions means (a) customary asset sale, insurance and condemnation proceeds events, excess cash flow sweeps, change- of-control offers or events of default and/or (b) Customary Escrow Provisions.

Customary Exceptions means, with respect to any Opinion of Counsel required to be delivered hereunder, such exceptions to opinions as are customarily expressed in opinions of counsel rendered in connection with similar transactions at the time such Opinion of Counsel is to be delivered and, in any event, shall include exceptions based upon limitations imposed by (a) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting mortgagees' and other creditors' rights, (b) general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing and (c) laws affecting remedies for the enforcement of security interests. The "date of execution and delivery of this Indenture" means January 1, 1998.

Customary Exceptions are circumstances under which:

Customary Exceptions means (a) customary asset sale, insurance and condemnation proceeds events, change-of-control offers or events of default or, if in the form of loans, excess cash flow payments and customary Indebtedness mandatory prepayment provisions and/or (b) Customary Escrow Provisions. “Default” means any event or condition that constitutes an Event of Default or that upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. “Defaulting Lender” means any Lender that has (a) failed to fund any portion of its Loans or participations in Letters of Credit or Swingline Loans within one Business Day of the date on which such funding is required hereunder, (b) notified the Borrower, the Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement or provided any written notification to any Person to the effect that it does not intend to comply with its funding obligations under this Agreement or generally under other agreements in which it commits to extend credit, (c) failed, within three (3) Business Days after request by the Administrative Agent (whether acting on its own behalf or at the reasonable request of the Borrower (it being understood that the Administrative Agent shall comply with any such reasonable request)) or by any Issuing Bank to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans, (d) otherwise failed to pay over to the Administrative Agent, any Issuing Bank or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute or subsequently cured, or (e)(i) become or is insolvent or has a parent company that has become or is insolvent, (ii) become the subject of a bankruptcy or insolvency proceeding or any - 20-

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