Measures Permitted Clause Samples

The "Measures Permitted" clause defines the specific actions or steps that a party is allowed to take under the agreement, typically in response to certain events or breaches. In practice, this clause may outline what remedies, safeguards, or interventions are available, such as suspending services, withholding payments, or implementing additional security protocols. Its core function is to clarify the boundaries of acceptable conduct and responses, thereby reducing ambiguity and helping parties understand their rights and obligations in various scenarios.
Measures Permitted through the Framework
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Related to Measures Permitted

  • Conditions on Permitted Transfers In the event a Holder proposes to sell or transfer a Note, the Company may, but shall not be required to, impose reasonable conditions on such sale or transfer including, but not limited, to: (i) Notes may be transferred only in whole units, i.e., fractions of Notes may not be transferred; (ii) the transferee shall agree in writing to be bound by this Revenue Sharing Agreement; (iii) the transferor shall provide the Company with an opinion of counsel, satisfactory in form and substance to the Company’s counsel, stating that the transfer is exempt from registration under the Securities Act of 1933 and other applicable securities laws; and (iv) the transferor and transferee shall together pay in advance for any reasonable expenses the Company expects to incur in connection with the transfer, including attorneys’ fees.

  • Licenses, Permits, Etc The Company owns or possesses all licenses, permits, franchises, authorizations, patents, copyrights, proprietary software, service marks, trademarks and trade names, or rights thereto, that are Material, without known conflict with the rights of others, except for those conflicts that, individually or in the aggregate, would not have a Material Adverse Effect.