Limitation on Exercise of Remedies. Each holder of all or any part of the Notes shall not exercise any right or remedy available to it on account of any Default or Event of Default unless (a) payment on any Senior Debt shall have been accelerated or (b) at least six months have elapsed from the date the holder of such Notes otherwise would have had the right to exercise any such right or remedy. If the acceleration of any Senior Debt is subsequently rescinded, then each holder of Notes shall also rescind its exercise of any right or remedy available to it only if the Default or Event of Default giving rise to such right is cured within six months of the occurrence of such Default or Event of Default.
Limitation on Exercise of Remedies. Notwithstanding Section 7.01, in the event that Ormat or any of its Related Parties fails to perform any of its obligations under any Transaction Document to which it is a party and such failure causes or could reasonably be expected to cause a Default or Event of Default under this Agreement, the Company shall give written notice to Ormat of such failure, such notice to be given promptly and in any event no later than thirty (30) days after a responsible officer of the Company obtains actual knowledge of such failure. Provided the Company has complied with its notice obligations pursuant to this Section, any Default or Event of Default under this Agreement which is caused by a failure by Ormat or any of its Related Parties to perform any of its obligations under any Transaction Document to which it is a party shall not be considered a Default or Event of Default under this Agreement and Ormat shall not be entitled to any remedy under this Agreement or any other Financing Document in respect of any such Default or Event of Default.
Limitation on Exercise of Remedies. The Beneficiaries’ Agent, acting on its own behalf and as agent for the Beneficiaries, may exercise the remedies of a “secured party” (as defined in the UCC) only at such times as it would be entitled to withdraw assets from the Trust pursuant to Article VI hereof.
Limitation on Exercise of Remedies. After the receipt by the Revolving Lender of a Purchase Notice and until the later of (a) the expiration of the applicable period for consummation of the purchase of Revolving Credit Obligations contemplated by such Purchase Notice (as such period may be mutually extended by the Revolving Lender and Purchasing Term Loan Creditors) and (b) the purchase of the Revolving Credit Obligations contemplated by such Purchase Notice, except in the event of Exigent Circumstances, the Revolving Credit Secured Parties shall not take any material Enforcement Action without the consent of the Purchasing Term Loan Creditors, which consent may not be unreasonably withheld or delayed (it being understood that from and after the purchase of the Revolving Credit Obligations contemplated by this Xxxxxxx 0, Xxxxxxxxxx Xxxx Loan Creditors in their capacities as Revolving Credit Secured Parties shall not be bound by this Section 7.5).
Limitation on Exercise of Remedies. Notwithstanding anything in this Agreement to the contrary, the Collateral Agent shall not exercise any remedy provided for in this Section 7 for the purpose of realizing value on the Collateral to be applied to the payment of the New Junior Secured Obligations unless (a) such remedy is concurrently being exercised for the purpose of realizing value on the Collateral to be applied to the payment of the Senior Secured Obligations or (b) all the Senior Secured Obligations (other than Unmatured Surviving Obligations) shall have been indefeasibly paid in full.
Limitation on Exercise of Remedies. No Notwithstanding any provision in this Agreement or any of the other Loan Documents to the contrary, without the prior written consent of all Lenders, none of the Lenders shall exercise any remedy such Lender may have under any of the Loan Documents or otherwise or take any action in connection with the Obligations, including, without limitation, any administrative, legal or equitable action, to enforce any of such Lender's rights against the Borrower or any collateral, including the Property. The foregoing restriction shall not prohibit or otherwise restrict any Lender from taking any action to enforce his rights under this Agreement to receive such Lender's pro rata share of any repayment or prepayment that is made in respect of the Obligations or any other right granted to such Lender on an individual basis.
Limitation on Exercise of Remedies. All right, remedies and powers provided in this Agreement relative to the Collateral may be exercised only to the extent that the exercise thereof does not violate any applicable mandatory provision of the Applicable Gaming Laws and all provisions of this Agreement relative to the Collateral are intended to be subject to all applicable mandatory provisions of the Applicable Gaming Laws and to be limited solely to the extent necessary to not render the provisions of this Agreement invalid or unenforceable, in whole or in part. Lender will timely apply for and receive all required approvals of the applicable Gaming Authorities for the sale or other disposition of Gaming Equipment regulated by the Applicable Gaming Laws (including any such sale or disposition of Gaming Equipment consisting of slot machines, gaming tables, cards, dice, gaming chips, player tracking systems, and all other "gaming devices" and "associated equipment" (as such terms or words of like import referring thereto are defined in the Applicable Gaming Laws).
Limitation on Exercise of Remedies has not filed such proof of claim prior to five Business Days before the last date that such proofs of claim are permitted to be filed, the Agent may file such proofs of claim on behalf of such Purchaser or subsequent Holder).
Limitation on Exercise of Remedies. The Beneficiary may exercise the remedies of a “secured party” (as defined in the UCC) only at such times as it would be entitled to withdraw assets from the Trust pursuant to Article VI hereof.
Limitation on Exercise of Remedies. The Parties acknowledge and agree that Zensano will not be entitled to exercise its rights and remedies under SECTION 7 if Gum Tech does not pay any amount or delays in the payment of any amount under the Promissory Note or under any of Sections 2.2(b), 2.2(c), 2.5 or 2.7 of the Purchase Agreement where such non-payment or delay of payment is based on any claim for set-off made reasonably and in good faith by Gum Tech pursuant to the provisions of Section 6.10 of the Purchase Agreement, even if such set-off claim or the amount thereof is ultimately rejected or reduced under the procedures established in Section 6.10 of the Purchase Agreement for the resolution of any such set-off claim. Zensano may not initiate or proceed with any collection, foreclosure or other actions under this Agreement until such set-off claim of Gum Tech has been disposed of pursuant to the provisions of Section 6.10 of the Purchase Agreement, and then only for amounts owing by Gum Tech under the Promissory Note or under any of Sections 2.2(b), 2.2(c), 2.5 or 2.7 of the Purchase Agreement from the date of such disposition.
