Listed Instrument definition
Examples of Listed Instrument in a sentence
Except as set forth in Schedule 5.7(b), Seller has not given or received notice, and Seller has no Knowledge, that there exists (i) any Material default or event of default under any Listed Instrument or (ii) any event or condition which, with notice or lapse of time or both, would constitute an event of default under any of the Listed Instruments by Seller or by any other party to any Listed Instrument, which could have a Material Adverse Effect on the Acquired Assets.
Notwithstanding the foregoing, neither the Sellers nor OII shall have any liability to Purchaser for any claims, losses, damages, costs or expenses arising out of the nonassignability of any Listed Instrument.
Neither Sellers nor OII make any representation or warranty with respect to the assignability of any Listed Instrument or the validity of the assignment contemplated hereunder.