Applicable Law definition
Examples of Applicable Law in a sentence
Nothing in this Agreement shall be construed to permit the Administrator to practice medicine (including the diagnosis or treatment of any person for any medical condition), to operate a medical office or practice, to furnish medical services, to advertise under or assume the title of doctor or physician or equivalent title, to promote or perform any unlawful advertisement or other unlawful act prohibited by Applicable Law, or to hold itself out as being entitled or able to perform any of the foregoing.
In addition, without contradicting the prospective nature of such changes to the Administration Fee as set forth herein, the Parties recognize that because of factors such as payment delays, refunds, Adjustments and other factors, Administrator shall have the right to reconciliations of past payments due hereunder, and such reconciliations shall not be temporally constrained unless, and only to the extent, required by Applicable Law.
The Collateral Agent shall not be responsible for the preparation or filing of any reports or returns relating to federal, state or local income taxes with respect to this Agreement, other than in respect of the Collateral Agent’s compensation or for reimbursement of expenses, except as required by Applicable Law.
No provision of this Agreement or the Notes shall require the payment or permit the collection of Interest in excess of the maximum permitted by Applicable Law.
In addition, any Lender, if reasonably requested by the Borrower or the Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by the Borrower or the Agent as will enable the Borrower or the Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.