Equitable Exceptions definition
Equitable Exceptions means, with respect to the enforceability of any obligation, that such obligation is subject to (a) applicable bankruptcy, insolvency, moratorium, receivership, assignment for the benefit of creditors or other similar state or federal laws affecting the rights and remedies of creditors generally (including, without limitation, fraudulent conveyance or transfer laws) and judicially developed doctrines in this area, such as equitable subordination and substantive consolidation of entities and (b) equitable principles (whether considered in a proceeding in equity or at law).
Equitable Exceptions has the meaning set forth in Section 4.2.
Equitable Exceptions has the meaning set forth in Section 3.1.
Examples of Equitable Exceptions in a sentence
This Agreement has been duly authorized, executed and delivered by the Unitholder and, when duly executed by the Partnership and delivered by the Partnership, shall constitute the legal, valid and binding obligations of the Unitholder, enforceable against such party, in accordance with its terms, subject to Equitable Exceptions.
This Agreement has been duly authorized, executed and delivered by the Partnership and, when duly executed by the Unitholder and delivered by the Unitholder, shall constitute the legal, valid and binding obligations of the Partnership, enforceable against the Partnership, in accordance with its terms, subject to Equitable Exceptions.
More Definitions of Equitable Exceptions
Equitable Exceptions means (a) Laws of general application relating to bankruptcy, insolvency and the relief of debtors; and (b) rules of Law governing specific performance, injunctive relief and other equitable remedies.
Equitable Exceptions shall have the meaning set forth in Section 3(a)(i) below.
Equitable Exceptions shall have the meaning specified in Section 3.6.
Equitable Exceptions has the meaning specified in Section 3.6. -----------
Equitable Exceptions means any limitations on the enforceability of obligations resulting from: (a) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other requirements of Laws, Orders or equitable principles now or hereafter in effect relating to or affecting the enforcement of creditors’ rights or debtors’ obligations generally; and (b) as to the remedy of specific performance and injunctive and other forms of equitable relief, the imposition of equitable defenses and the discretion of the Governmental Authority before which any Proceeding therefor may be brought (regardless of whether enforcement is sought in a Proceeding at law or in equity).
Equitable Exceptions has the meaning given in Section 2.1.
Equitable Exceptions has the meaning set forth in SECTION 3.1 below.