Blocking Law Sample Clauses

Blocking Law. Any provision of clauses 18.34 (Sanctions), 21.13 (Sanctions) and paragraphs (c) and (d) of clause 23.6 (Maintenance of class; compliance with laws and codes) shall, if specified in writing by a Finance Party to the Agent, not apply to or operate in favour of any Finance Party if and to the extent that it would result in a breach, by or in respect of that Finance Party, of any applicable Blocking Law. An affected Finance Party shall be obliged to notify the Agent whether such provisions shall not 122 UK-#396550026-v7 Exhibit 4.12 be deemed to apply promptly after a potential breach by or in respect of such Finance Party comes to the attention of such Finance Party. 123 UK-#396550026-v7 Exhibit 4.12
Sample 1
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Blocking Law. In relation to each Lender, the representations and warranties in Sections 7.11 through 7.13 and the undertaking in Section 8.9 shall only apply for the benefit of that Lender to the extent that such benefit and the exercise of any rights based on such Sections 7.11 through 7.13 and 8.9 will not result in a violation of, or conflict with or liability under any provision of Council Regulation (EC) 2271/9676. In connection with any amendment, waiver, determination or direction relating to any part of Sections 7.11 through 7.13 and 8.9 of which a Lender does not have the benefit, the Applicable Percentage of that Lender will be disregarded for all purposes when determining whether the consent of the Required Lenders (or such other applicable quorum) has been obtained or whether the determination or direction by the Required Lenders (or such other applicable quorum) has been made.
Sample 1

Related to Blocking Law

  • Limitation on Out-of-State Litigation - Texas Business and Commerce Code § 272 This is a requirement of the TIPS Contract and is non-negotiable. Texas Business and Commerce Code § 272 prohibits a construction contract, or an agreement collateral to or affecting the construction contract, from containing a provision making the contract or agreement, or any conflict arising under the contract or agreement, subject to another state’s law, litigation in the courts of another state, or arbitration in another state. If included in Texas construction contracts, such provisions are voidable by a party obligated by the contract or agreement to perform the work. By submission of this proposal, Vendor acknowledges this law and if Vendor enters into a construction contract with a Texas TIPS Member under this procurement, Vendor certifies compliance.

  • Anti-Terrorism Law (a) No Loan Party and, to the knowledge of the Loan Parties, none of its Affiliates is in violation of any Requirement of Law relating to terrorism or money laundering (“Anti-Terrorism Laws”), including Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (the “Executive Order”), and the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56.

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