Equitable Defense definition

Equitable Defense means any bankruptcy, insolvency, reorganization or other laws affecting creditors’ rights generally, and with regard to equitable remedies, the discretion of the court before which proceedings to obtain equitable remedies may be pending.
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Equitable Defense means any Bankruptcy or other laws affecting creditors’ rights generally, and with regard to equitable remedies, the discretion of the court before which proceedings to obtain same may be pending.
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Equitable Defense and “Equitable Defenses” shall mean (whether applied in a proceeding at law or in equity) any bankruptcy, insolvency, reorganization, moratorium, or similar law(s) affecting enforcement of creditors’ rights generally or general principles of equity.
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Examples of Equitable Defense in a sentence

  • This Agreement has been duly authorized, executed, and delivered by the Buyer and, assuming due execution and delivery by, and enforceability against, the Seller, constitutes the legal, valid, and binding obligation of the Buyer enforceable against the Buyer in accordance with the provisions of this Agreement, except as such enforcement may be limited by any Equitable Defense.

  • This Agreement has been duly authorized, executed, and delivered by the Seller and, assuming due execution and delivery by, and enforceability against, the Buyer, constitutes the legal, valid, and binding obligation of the Seller enforceable against the Seller in accordance with the provisions of this Agreement, except as such enforcement may be limited by any Equitable Defense.