No prejudicial action Sample Clauses
The "No prejudicial action" clause prohibits any party from taking actions that would unfairly harm or disadvantage the other party during the course of the agreement. In practice, this means that neither side can make decisions, implement changes, or engage in conduct that would negatively impact the other party’s rights, interests, or position under the contract. This clause serves to maintain fairness and good faith between the parties, ensuring that neither exploits the agreement to the detriment of the other.
No prejudicial action. The Borrower shall not do anything and shall not take any action against any person (including, without limitation, any insolvency official or similar officer of, or any creditor of, the Borrower or any other person claiming through, under or in place of the Borrower) which has or is reasonably likely to have the effect of prejudicing any Security Interest created by any Security Document in favour of any Finance Party except for such actions permitted by this Agreement.
No prejudicial action do anything and shall not take any action against any person (including, without limitation, any Insolvency Official or similar officer of, or any creditor of, the Borrower or any other person claiming through, under or in place of the Borrower) which has or is reasonably likely to have the effect of prejudicing any Encumbrance created by any Security Document in favour of any Bank Beneficiary;
No prejudicial action. Neither the Subordinated Lender nor the Borrower shall take or omit to take any action whereby the subordination of the Subordinated Indebtedness or any part thereof to the Secured Amount may be terminated or materially prejudiced. Provided Always That, the Bank may instruct the Subordinated Lender to take any of the steps referred to in Clauses 2.1(i) and (j) and any moneys or other benefit thereby obtained by the Subordinated Lender will thereafter be held by it on trust for the Bank and paid over to the Bank forthwith.
No prejudicial action. Notwithstanding anything to the contrary in this Agreement, Amgen hereby agrees that it shall not undertake any action, or make any decision, with respect to the Prosecution and Maintenance of Patents pursuant to Section 10.7.1, the defense or settlement of Infringement of Invalidity Claims pursuant to Section 10.8 or the enforcement of Amgen Intellectual Property or Program Intellectual Property pursuant to Section 10.9, in each case, in the Collaboration Territory that would reasonably be expected to [*].
No prejudicial action. To the Knowledge of the Sellers, no member of the Company Group has taken any action which has or might alter or prejudice any arrangement, agreement or tax ruling which has previously been negotiated with or obtained from the relevant Government Agency under any Tax Law.
No prejudicial action. It will not do, permit, or omit to do, anything which may prejudice an insurance policy.
No prejudicial action. The Borrower and each Project Company will not do, permit, or omit to do, anything which is reasonably likely to materially prejudice an insurance policy relevant to the Project.
No prejudicial action. Neither the Purchaser nor the Company shall be required to take any action which will materially increase its liability to Tax in respect of any period arising after Completion. 88 4.4