Common use of Blocking Laws Clause in Contracts

Blocking Laws. Any provision of Section 5.12, Section 6.02(b), or Section 7.05 shall not apply to, or in favor of, any Person if and to the extent that it would result in a breach by, or in respect of, such Person of any applicable Blocking Law.

Appears in 2 contracts

Sources: Credit Agreement (Itt Inc.), Credit Agreement (ITT Inc.)