Limitation During Availability Period Sample Clauses
The 'Limitation During Availability Period' clause sets specific restrictions or conditions that apply to certain rights, obligations, or activities during a defined timeframe known as the availability period. For example, it may limit the amount of funds that can be drawn, restrict the types of transactions permitted, or impose additional requirements on the parties while the availability period is in effect. This clause ensures that both parties operate within agreed boundaries during the critical period, managing risk and providing clarity on what is permissible until the availability period expires.
Limitation During Availability Period. No representation or warranty in any Finance Document will be given or deemed repeated pursuant to Clause 19.24 during the Availability Period except the Primary Warranties prior to the Drawdown Date.
Limitation During Availability Period. Prior to the end of the Availability Period, and subject to compliance by the relevant Group Companies with Clauses 3.3 and 3.4 unless a Primary Default has occurred (in the period prior to the Drawdown Date) no Finance Party shall:
(a) be entitled to exercise any right of rescission or other remedy (whether under the Finance Documents or the general law) or exercise any remedy under Clause 23.24; or
(b) refuse to make available any Parent Series 1 Acquisition Term Facility Loan, Parent Series ▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ Holdco Series 1 Acquisition Term Facility Loan or Canada Holdco Series 2 Acquisition Term Facility Loan. 24 CHANGES TO THE LENDERS
24.1 ASSIGNMENT AND TRANSFERS BY THE LENDERS A Lender, or any successor or assignee of such Lender, (in this capacity the "EXISTING LENDER") may at any time assign, novate or otherwise transfer all or any part of its rights or obligations under the Finance Documents (or any of them) to any Qualifying Lender (a "NEW LENDER").
Limitation During Availability Period. 88 24 CHANGES TO THE LENDERS ................................................... 88 24.1 Assignment and Transfers by the Lenders .................................. 88 24.2 Obligations .............................................................. 88 24.3 Parent undertaking ....................................................... 88 24.4 Lenders ability to sub-contract .......................................... 89 24.5 Limitation of responsibility of Existing Lenders ......................... 89 24.6 Procedure for transfer ................................................... 89 24.7 Disclosure of information ................................................ 90