NO IMMUNITY definition
NO IMMUNITY neither the Chargors nor any of their assets are entitled to immunity from suit, execution, attachment or other legal process and each of the Chargors' entry into the Transaction Documents constitutes, and the exercise of its rights and performance of and compliance with its obligations under the Transaction Documents will constitute private and commercial acts done and performed for private and commercial purposes;
NO IMMUNITY neither the Borrower nor any of its assets is entitled to immunity on the grounds of sovereignty or otherwise from any legal action or proceeding (which shall include, without limitation, suit, attachment prior to judgment, execution or other enforcement);
Examples of NO IMMUNITY in a sentence
NO IMMUNITY DEFENSE...............................................................................62 SECTION 3.15.