Flexibility Action definition
Flexibility Action means any action Borrower is prohibited from taking pursuant to Section 6.8 or 7.8 hereof, but for the exception for such action in the final sentence of such section.
Flexibility Action means any action an Obligor or Covered Subsidiary is prohibited from taking pursuant to (a) Section 9.11 but for the last sentence of such Section or (b) Section 10.10(b) but for the proviso in such clause.
Examples of Flexibility Action in a sentence
Any Flexibility Action taken by Borrower will be deemed a representation by Borrower that the conditions precedent therefore were satisfied.
Borrower shall give written notice to Lender of any Flexibility Action promptly after such Flexibility Action is taken.