provided further that Clause Samples
The phrase "provided further that" introduces an additional condition or exception to a previously stated rule or obligation within a contract or legal document. It is typically used to add a new requirement, limitation, or clarification that must also be satisfied for the main provision to apply. For example, a contract might state that a party must deliver goods by a certain date, provided further that the goods meet specified quality standards. This clause ensures that the original obligation is subject to further qualifications, thereby clarifying the parties' responsibilities and reducing ambiguity.
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provided further that the Borrower may terminate the unused Revolving Facility Commitments of any Defaulting Lender at any time, or from time to time, in any amounts and without a pro rata reduction of the Revolving Facility Commitments of the other Lenders.
provided further that in the case of any transfer or distribution pursuant to clauses (i) through (v) above, it shall be a condition to such transfer that each transferee executes and delivers to ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. LLC an agreement in form and substance satisfactory to ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. LLC stating that such transferee is receiving and holding such Shares and/or Related Securities subject to the provisions of this Letter Agreement and agrees not to sell or offer to sell such Shares and/or Related Securities, engage in any swap or engage in any other activities restricted under this Letter Agreement except in accordance with this Letter Agreement (as if such transferee had been an original signatory hereto); and
provided further that without prejudice to the pro-rata Competitor Tag Along Right set out above, in the event the Founders exercise their Founder Full Tag Right under the proviso to Clause 10.3 (a) above, the Investors shall have the right to require the Transferring Investor(s) to ensure that the Competitor Transferee also purchases, all but not less than all the Shares held by the Investors on the same terms and for the same consideration/ price per Share so offered to the Transferring Investor(s) and prescribed in the Competitor Transfer Intimation (“Investor Full Tag Right”). The number of Shares that a Non-Selling Party wishes to sell shall be specified in the Competitor Tag Along Notice (“Competitor Tag Along Shares”).