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. Unless and until all the Senior Obligations shall be indefeasibly paid in full in cash, Creditor covenants and agrees that during the Standstill Period (defined below) it shall not, directly or indirectly: (i) exercise or enforce any right of acceleration, demand or set-off against Debtor or the assets or property of Debtor; (ii) make any claim or commence or initiate any action, lawsuit, case or proceeding against Debtor or join together or with any creditor in any action, lawsuit, case or proceeding against Debtor (other than filing any claims in Debtor's bankruptcy); (iii) ask for, demand, take, accept, receive or take any action to obtain, any security interest or lien on the assets or property of Debtor, except as specified below, or exercise any right or remedy with respect to Debtor or the assets or property of Debtor; (iv) contact any account debtors of Debtor or otherwise seek payment from any obligor an any collateral held by Creditor to secure any Creditor Obligations; (v) exercise any right of foreclosure or any right or remedy with respect to any lien (consensual or otherwise) held on any asset of Debtor including; (vi) enforce any rights under any guaranty of the Creditor Obligations or any collateral for such guaranty; or (vii) take any other action that interferes with, is prejudice to or inconsistent with SVB's rights and senior position with respect to Debtor or the assets or property of Debtor including, without limitation, that Creditor shall not take any action that will impede, interfere with, restrict, or restrain the exercise by SVB of its rights and remedies. The "Standstill Period" shall be 180 days from the date that Creditor provides written notice to SVB that an event of default with respect to all or any part of the Creditor Obligations has occurred; provided, however, that the Standstill Period will be extended beyond 180 days to the extent (and for the duration of the period) that (A) SVB is taking action to enforce its rights or (B) SVB is stayed from taking action to enforce its rights by operation of law or court order.
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. Until the expiration of the Standstill Period and subject to Section 3.1(b)(iii), the Second Lien Lender, for itself and on behalf of the Second Lien Claimholders, agrees that, unless and until the Discharge of First Lien Secured Obligations has occurred, it will not commence, or join with any Person in commencing, any enforcement, collection, execution, levy or foreclosure action or proceeding (including, without limitation, any Insolvency or Liquidation Proceeding) with respect to any Lien held by it under the Security Documents.
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 Issuer shall not, and shall procure that no other Group Company will, take or join any person in taking any steps (including any right of set-off) whatsoever against the Slot Owner for the purposes of obtaining payment of any amount whatsoever due from the Slot Owner to the Issuer or such other Group Company (as applicable) at any time when an Event of Default has occurred and has been notified in accordance with the provisions of Clause 15, save as required by the Bond Trustee or the Security Agent in connection with enforcement of the Security Documents.
No Enforcement. Seek to enforce any of their Intellectual Property Collateral (or any other intellectual property thereof) against any 3rd party for infringement without the prior written consent of the Servicer.