No Constraints Sample Clauses

The "No Constraints" clause establishes that there are no specific limitations or restrictions imposed on the parties regarding a particular subject matter within the agreement. In practice, this means that the parties are free to act as they see fit, without being bound by conditions such as exclusivity, non-compete obligations, or usage limits. The core function of this clause is to provide maximum flexibility and autonomy, ensuring that neither party is inadvertently restricted by the contract in the relevant area.
No Constraints. (a) Each party acknowledges and agrees that (subject to the scope of the assignment of, and licences to, IPR in this Agreement) the other party’s research, development, Commercialisation and consulting are not constrained or restricted by this Agreement. (b) Each party acknowledges that the other party’s activities may be in competition with its own business or activities.
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No Constraints. Notwithstanding the provisions of Section 8.01, the satisfaction or waiver of the conditions precedent to the Distribution set forth therein shall not: (a) create any obligation on the part of Sun or any other party hereto to effect the Distribution; (b) limit, in any way, Sun’s right and power under Section 11.01 to terminate this Agreement and the process leading to the Distribution and to abandon the Distribution; or (c) alter the consequences of any such termination under Section 11.01.
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No Constraints. Notwithstanding the provisions of Section 3.01, -------------- the fulfillment or waiver of any or all of the conditions precedent to the Distribution set forth therein shall not: (a) create any obligation on the part of Vencor or any other party hereto to effect the Distribution; (b) in any way limit Vencor's right and power under Section 4.12 to terminate this Agreement or the Reorganization Agreement and the process leading to the Distribution and to abandon the Distribution; or (c) alter the consequences of any such termination under Section 4.12 from those specified in such Section.
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No Constraints. Notwithstanding the provisions of -------------- Section 4.1, the fulfillment or waiver of any or all of the conditions precedent to the Distribution set forth therein shall not in any way limit ▇▇▇▇-▇▇▇▇▇' right and power under Section 8.10 to terminate this Agreement and the process leading to the Distribution and to abandon the Distribution or alter the consequences of any such termination under Section 8.10 from those specified in such Section.
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No Constraints. 17 8A. CONDITIONS TO OBLIGATIONS OF CLASS 2 INVESTORS..........................18
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No Constraints. No proceeding challenging this Agreement or the transactions contemplated hereby, or seeking to prohibit, alter, prevent or delay the Closing, shall have been instituted before any court, arbitrator or governmental body, agency or official and shall be pending. The purchase of and payment for the Series A Preferred Stock by the Purchaser shall not be prohibited by any law or governmental order or regulation. All necessary consents, approvals, licenses, permits, orders and authorizations of, or registrations, declarations and filings with, any governmental or administrative agency with respect to any of the transactions contemplated hereby shall have been duly obtained or made and shall be in full force and effect.
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No Constraints. Covenantor represents and warrants that he is not subject to, and will not enter into, any agreement or other matter which would or may interfere with or prohibit the full and timely performance by Covenantor of his obligations and duties to TDI.
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No Constraints. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.
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Related to No Constraints

  • No Construction Against Any Party This Agreement is the product of informed negotiations between the Executive and the Company. If any part of this Agreement is deemed to be unclear or ambiguous, it shall be construed as if it were drafted jointly by all parties. The Executive and the Company agree that neither party was in a superior bargaining position regarding the substantive terms of this Agreement.

  • No Construction Against Drafter The Parties acknowledge that this Agreement and all the terms and conditions contained herein have been fully reviewed and negotiated by the Parties. Having acknowledged the foregoing, the Parties agree that any principle of construction or rule of law that provides that, in the event of any inconsistency or ambiguity, an agreement shall be construed against the drafter of the agreement shall have no application to the terms and conditions of this Agreement.

  • No Construction Against Drafting Party The parties and their respective counsel have had the opportunity to review the Agreement, and the Agreement will not be construed against any party merely because any provisions of the Agreement were prepared by a particular party.

  • Laws Applicable to Construction The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware as applied to contracts executed in and performed wholly within the State of Delaware, without reference to principles of conflict of laws.

  • Understanding, Fair Construction By execution of this Addendum, the parties acknowledge that they have read and understood each provision, term and obligation contained in this Addendum. This Addendum, although drawn by one party, shall be construed fairly and reasonably and not more strictly against the drafting party than the nondrafting party.