No Bond Sample Clauses
The "No Bond" clause specifies that a party is not required to post a bond or other form of security in connection with the enforcement of rights or obligations under the agreement. In practice, this means that if a party seeks a court order, such as an injunction or restraining order, they do not have to provide a financial guarantee to cover potential damages if the order is later found to be unwarranted. This clause streamlines legal proceedings by removing a common procedural hurdle, thereby facilitating quicker access to remedies and reducing the financial burden on the enforcing party.
POPULAR SAMPLE Copied 11 times
No Bond. Notwithstanding any state law to the contrary, the Trustee, including any successor Trustee, shall be exempt from giving any bond or other security in any jurisdiction.
No Bond. The Trustee shall not be required to give any bond or surety in respect to the execution of its trusts, powers, rights and duties under this Indenture or otherwise in respect of the premises.
No Bond. The Trustee shall serve without bond.
No Bond. Neither the Trustees nor the Delaware Trustee shall be required to post any bond or other form of surety or security unless otherwise ordered by the Bankruptcy Court.
No Bond. Notwithstanding any state law to the contrary, the Cimarron Trustee, including any successor Cimarron Trustee, shall be exempt from giving any bond or other security in any jurisdiction.
No Bond. No trustee or any successor shall be required to give any bond in any jurisdiction; and if, notwithstanding this direction, any bond is required by any law, statute or rule of court, no sureties shall be required.
No Bond. Notwithstanding any state law to the contrary, the Environmental Trustee, including any successor Environmental Trustee, shall be exempt from giving any bond or other security in any jurisdiction.
No Bond. The Liquidating Trustee and each Trustee may serve without bond.
No Bond. Notwithstanding any state law to the contrary, the Environmental Response Trust Administrative Trustee, including any successor Environmental Response Trust Administrative Trustee, shall be exempt from providing any bond or other security in any jurisdiction, except as specifically set forth in Settlement Agreement Paragraphs 79 through 81.
No Bond. A bargaining unit member on sabbatical leave may be paid in two (2) equal installments: one shall be paid at the end of the first year (or semester, if one semester leave granted), and the other at the end of the second year (or semester, if one semester leave granted) of active service following the leave.