No Enforcement Sample Clauses
The "No Enforcement" clause prevents a party from taking legal action to enforce certain rights or obligations under the agreement. In practice, this means that even if a party has a contractual right, they agree not to pursue remedies such as lawsuits or injunctions to compel compliance with that right. This clause is often used to limit disputes and reduce the risk of litigation, ensuring that certain provisions are not legally actionable and promoting a more cooperative relationship between the parties.
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No Enforcement. Except as disclosed in the Time of Sale Information and the Prospectus, neither the Company nor any subsidiary of the Company (i) is the subject of any cease-and-desist order, operating agreement, written agreement, consent decree, memorandum of understanding, commitment letter, order, directive, extraordinary supervisory letter or similar action taken, issued or required by any governmental, regulatory, judicial, self-regulatory or similar body or (ii) has, since April 6, 2010, been advised by any governmental, regulatory, judicial, self-regulatory or similar body having jurisdiction over the Company and its subsidiaries that it is considering taking, issuing or requiring any of the items in clause (i), the disclosure of which advisement would be required in the Time of Sale Information or the Prospectus pursuant to the Securities Act. The Company and its subsidiaries are in compliance in all material respects with the terms of any item listed in clause (i) that is disclosed in the Time of Sale Information and the Prospectus.
No Enforcement. No enforcement, garnishment, attachment or other similar measure has been applied, enforced or initiated in relation to the Negotiable Instruments.
No Enforcement. Except as disclosed in the Time of Sale Information and the Prospectus, and except for such as constitute confidential supervisory information that the Company or a subsidiary is not free to disclose under applicable laws or rules or regulations of a Federal banking agency, neither the Company nor any subsidiary of the Company (i) is the subject of any cease-and-desist order, operating agreement, written agreement, consent decree, memorandum of understanding, commitment letter, order, directive, extraordinary supervisory letter or similar action taken, issued or required by any governmental, regulatory, judicial, self-regulatory or similar body or (ii) has been advised by any governmental, regulatory, judicial, self-regulatory or similar body having jurisdiction over the Company and its subsidiaries that it is considering taking, issuing or requiring any of the items in clause (i), the disclosure of which advisement would be required in the Time of Sale Information or the Prospectus pursuant to the Securities Act. The Company and its subsidiaries are in compliance in all material respects with the terms of any item listed in clause (i) that is disclosed in the Time of Sale Information and the Prospectus.
No Enforcement. From the Filing Date through and including the Expiration Date, the Creditor will not demand all or any part of the Debt, by way of payment, prepayment, setoff, lawsuit or otherwise, nor will the Creditor exercise any remedy available with respect to the Notes or with respect to any of the Existing Liens against any assets or property of the Company, nor will the Creditor commence, or cause to commence, prosecute or participate in any administrative, legal or equitable action against the Company.
No Enforcement. DSPG as of the Effective Date undertakes that it and its successors and assignees shall not enforce or authorise any Person to enforce any of the Business Patents and Business Inventions assigned to it under clause 2.1 against NXP, any of its Affiliates or any of its/their customers or subcontractors, with respect to any activities of such parties that are permitted under the license granted in clause 2.1.
No Enforcement. The Parent shall not enforce any monetary claim against the Issuer without prior written consent of the Bond Trustee, nor permit any affiliated party to enforce such claim.
No Enforcement. Subject to the proviso in Section 3.01(a), each Junior Representative, on behalf of itself and each Junior Secured Party under its Junior Debt Facility, agrees that, unless and until the Discharge of Senior Obligations has occurred, it will not commence, or join with any Person (other than with the consent of the Senior Secured Parties and the Designated Senior Representative) in commencing, any enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it in the Shared Collateral under any of the Junior Debt Documents or otherwise in respect of the Junior Obligations.
No Enforcement. Without limiting and in addition to other restrictions imposed by this Agreement, during the term of this Agreement Creditor shall not enforce any security interest or apply any security or other support now or hereafter existing for any Indebtedness to Creditor, sue ▇▇▇n, collect, or (except as expressly provided in this Agreement) receive any Payment or any Distribution with respect to any such Indebtedness, or commence or join with any creditor (other than Bank) in commencing any Insolvency Event (hereafter defined); provided, however, that nothing contained herein shall prohibit Creditor from filing a claim in any bankruptcy or liquidation of Borrower or from defending any of Creditor's interests against the claim of any person or entity.
No Enforcement. No proceedings, arrangements, procedures or steps have commenced to enforce any security over any material assets of the Seller, the Seller’s Guarantor or the Company nor, so far as the Seller is aware, has any person given notice of an intention to commence any such proceedings, arrangements, procedures or steps.
No Enforcement. Party A agrees with Party B and the Security Trustee that:
(i) only the Security Trustee may enforce the Security in accordance with the provisions of the Deed of Charge; and
(ii) it shall not take any steps for the purpose of:
(A) recovering any of the Secured Obligations (including, without limitation, by exercising any rights of set-off); or
(B) enforcing any rights arising out of the Transaction Documents against Party B or procuring the winding up, administration or liquidation of Party B in respect of any of its liabilities whatsoever, unless the Security Trustee, having become bound to take any steps or proceedings to enforce the said Security under or pursuant to the Deed of Charge, fails to do so within a reasonable period and such failure is continuing (in which case Party A shall be entitled to take any such steps and proceedings as it shall deem necessary other than the presentation of a petition for the winding up of, or for an administration in respect of, Party B.