Legal Limitation Sample Clauses

Legal Limitation a legal or other limitation (whether under the Limitation Xxx 0000 or otherwise), disability or incapacity of an Obligor; or
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Legal Limitation. Both the Bank and Indemnitee acknowledge that in certain instances, applicable law or regulation may prohibit the Bank from or limit the Bank in indemnifying its directors and officers, and/or the directors and officers of any Related Company under this Agreement or otherwise. The Indemnitee further acknowledges that regulatory approval may be, under applicable law or regulation, required in advance of, and as a condition to, any payment hereunder. To the extent that any such approval must be obtained by the Bank, the Bank shall take all actions reasonably necessary to obtain any such approval and to file all notices with respect to any indemnification payment required by Section 7022 of the Act or otherwise. Notwithstanding anything herein to the contrary, the Bank shall not be required to make any indemnification payment (including without limitation any Expense Advance) to the extent such payment is prohibited or limited pursuant to 12 U.S.C. § 1828(k) or by 12 C.F.R. Part 359 or Sections 7018—7023 of the Act and any such payment made shall be in compliance with requirements imposed pursuant to 12 U.S.C. § 1828(k) or by 12 C.F.R Part 359 or Sections 7018—7023 of the Act including, without limitation, any required agreements of Indemnitee.
Legal Limitation. The Company shall not be obligated to seek to arrange for the purchase of Shares that the Company would not legally be permitted to redeem under the Act.
Legal Limitation. Provisions in this Lease that provide for Tenant's ---------------- indemnity or exoneration of Landlord from liability shall be applied to the fullest extent permitted by law, and shall be construed or modified, as the case may be, so as to be in conformity with, and not in violation of, applicable laws limiting indemnities and exoneration.
Legal Limitation. Notwithstanding any provision of this Agreement to the contrary, the Holding Company shall not be required to pay any benefit under this Agreement ifor to the extent the benefit would be a non-deductible excess parachute payment under Section 280G and 4999 of the Code. In addition, no payment of any type or amount shall be made to or owed by the Company to the Executive pursuant to this Agreement or otherwise if payment or accrual of such type or amount is prohibited by, is not permitted under, or has not received any required approval under any applicable governmental statute, regulation, rule, order (including any cease and desist order), determination, opinion, or similar provision whether now in existence or hereafter adopted or imposed, including without limitation, by or under (i) any applicable governmental provisions relating to compensation or benefits arising as a result of an investment in or assistance to the Company by a governmental entity, including without limitation any applicable restrictions contained in the Emergency Economic Stabilization Act of 2008, as amended by the American Reinvestment Act of 2009 (“EESA”), 31 CFR Part 30 (relating to the TARP Capital Purchase Program) or any other regulation, rule, order, guidance or agreement issued or entered into pursuant to EESA, or (ii) any governmental provisions relating to payment of golden parachutes or similar payments, including without limitation any prohibitions or restrictions on such payments by troubled institutions and companies and their affiliates set forth in 12 USC 1828(k), 12 CFR Part 359, EESA, or 31 CFR Part 30. Further, to the extent the Company’s performance of a future obligation for any deferred compensation, pension, retirement plan or similar benefit shall be restricted pursuant to the above by virtue of the designation of the Company (or any affiliate of the Company) as a “troubled institutions” during the term of the Executive’s employment by the Company or any affiliate of the Company, such obligation shall be fully and finally discharged upon the designation of the Company (or the Company’s affiliate, as the case may be) as a “troubled institution” whether or not such entity is later removed from such designation, unless, following the removal of such designation, a majority of the members of the board of directors of the Company shall, after such designation is removed, vote to approve such benefit wholly or in part, and in such instance, only to the extent of s...
Legal Limitation. Neither the Company nor any registered holder of Preferred Units may effect a redemption on any date unless the assets of the Company on such date are sufficient to pay all of the holders of the outstanding Preferred Units being redeemed on such date the full amounts to which they are entitled in compliance with the Act and other applicable law.

Related to Legal Limitation

  • General Limitation of Liability 7.1. Where we and another person (such as a payment services provider) are liable to you in respect of the same matter or item, you agree that our liability to you will not be increased by any limitation of liability you have agreed with that other person or because of your inability to recover from that other person beyond what our liability would have been had no such limitation been agreed and/or if that other person had paid his or its share.

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