Equitable Exceptions definition

Equitable Exceptions means, with respect to the enforceability of any obligation, that such obligation is subject to (a) applicable bankruptcy, insolvency, moratorium, receivership, assignment for the benefit of creditors or other similar state or federal laws affecting the rights and remedies of creditors generally (including, without limitation, fraudulent conveyance or transfer laws) and judicially developed doctrines in this area, such as equitable subordination and substantive consolidation of entities and (b) equitable principles (whether considered in a proceeding in equity or at law).
Equitable Exceptions has the meaning set forth in Section 4.2.

Examples of Equitable Exceptions in a sentence

  • This Agreement has been duly authorized, executed and delivered by Buyer and constitutes a valid and legally binding agreement of Buyer enforceable against Buyer (as applicable), in accordance with its terms, subject to Equitable Exceptions.

  • This Agreement has been duly authorized, executed and delivered by Seller and constitutes a valid and legally binding agreement of Seller, enforceable against Seller in accordance with its terms, subject to Equitable Exceptions.


More Definitions of Equitable Exceptions

Equitable Exceptions shall have the meaning set forth in Section 3(a)(i) below.
Equitable Exceptions shall have the meaning specified in Section 3.6.
Equitable Exceptions means (a) applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws from time to time in effect affecting generally the enforcement of creditorsrights and remedies; and (b) as to the enforcement of such rights and remedies, general principles of equity.
Equitable Exceptions has the meaning set forth in Section 2.3(b).
Equitable Exceptions has the meaning specified in Section 3.6. -----------
Equitable Exceptions shall have the meaning set forth in Section 3.1 ----------- below.
Equitable Exceptions shall have the meaning ascribed to such term in Section 3.1(c).