Common use of Directly or Indirectly Clause in Contracts

Directly or Indirectly. Any provision of this Agreement that ---------------------- prohibits or has the effect of prohibiting the Borrower or any Subsidiary from taking any action shall be construed to prohibit it from taking such action directly or indirectly.

Appears in 2 contracts

Sources: Corporate Revolving and Term Loan Agreement (Dset Corp), Corporate Revolving and Term Loan Agreement (Dset Corp)

Directly or Indirectly. Any provision of this Agreement that ---------------------- prohibits or has the effect of prohibiting the Borrower or any Subsidiary from taking any action shall be construed to prohibit it from taking such action directly or indirectly.

Appears in 1 contract

Sources: Corporate Revolving and Term Loan Agreement (Moog Inc)

Directly or Indirectly. Any provision of this Agreement that ---------------------- prohibits or has the effect of prohibiting the Borrower or any Subsidiary the Guarantor from taking any action shall be construed to prohibit it from taking such action directly or indirectly.

Appears in 1 contract

Sources: Business Loan Agreement (Heist C H Corp)