Restricted Item definition
Examples of Restricted Item in a sentence
Notwithstanding the foregoing, neither JPM nor BNY shall have any obligation to insure the performance of any party to any Restricted Item or the value thereof.
In the event that Applicable Law in a jurisdiction shall prohibit the parties from transferring the benefits and burdens of any Restricted Item pursuant to the other provisions of this Section 10.9, the parties agree to cooperate with each other and to use reasonable best efforts to promptly determine and effect a practicable alternative means that would have substantially the same economic effect.
In addition to being a Restricted Item, any Appointment that fails to be transferred from JPM to BNY at the Closing shall be subject to the terms and conditions set forth in the Servicing Agreement, and, to the extent the terms of the Servicing Agreement conflicts with the terms of this Section 10.9 with respect to such Appointment, the terms of the Servicing Agreement shall govern.
If such consent is obtained prior to the Final Closing Date with respect to any Restricted Item, such item and the related Tower and other associated Assets shall be subjected to the Sublease at the next practicable Subsequent Closing.
As compensation for acting as agent of JPM or BNY, as the case may be, with respect to any Restricted Item pursuant to this Section 10.9, BNY or JPM, as applicable, shall be entitled to all fees, and all other revenues of JPM or BNY, respectively, in respect thereof.
Any person having entered the Match Venue and found to be in possession of an illegal, Prohibited or Restricted Item, shall have such item confiscated and may be evicted from the Match Venue and/or prosecuted by Police.
Pending the subjection of any Restricted Item to the Sublease pursuant to the applicable consent, such Restricted Item and the related tower, tower site and other associated assets and liabilities shall not be deemed part of the Assets or the subject of any representation or warranty hereunder.
The Buyer agrees that if there is any inter-company debt outstanding with respect to any Restricted Items as of the Closing, then the Buyer shall cause the Company to repay the amount of such debt to the Parent promptly after the receipt of payment to the Company in respect of such Restricted Item, but in any event not later than five (5) days after the Closing Date.
In so acting, with respect to any Restricted Item as to which notice has been given in accordance with the preceding sentence, Buyer, while any default is continuing, will continue to act only pursuant to written instructions from Seller; provided, that Buyer shall not have any liability for any act taken or omission made in accordance with such instructions or as a result of Seller or Seller failing timely to give such instructions.
Once such Consent or any release, substitution or amendment is obtained, the applicable Seller Company shall assign, transfer, convey and deliver to Buyer the relevant Restricted Item to which such Consent or any release, substitution or amendment relates for no additional consideration.