Common use of Compliance With Limitations and Restrictions Clause in Contracts

Compliance With Limitations and Restrictions. The Pledgor hereby agrees that in respect of any sale of any of the Collateral pursuant to the terms hereof, the Collateral Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as the Collateral Agent may be advised by counsel is necessary in order to avoid any violation of applicable Law, or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and the Pledgor further agrees that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Collateral Agent be liable or accountable to the Pledgor for any discount allowed by reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

Appears in 4 contracts

Samples: Pledge and Security Agreement (First United Ethanol LLC), Credit Agreement (Pacific Ethanol, Inc.), Pledge and Security Agreement (First United Ethanol LLC)

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Compliance With Limitations and Restrictions. The Pledgor hereby agrees that in respect of any sale of any of the Collateral pursuant to the terms hereof, the Collateral Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as the Collateral Agent may be advised by counsel is necessary in order to avoid any violation of applicable Lawlaw, or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority governmental authority or official, and the Pledgor further agrees that such compliance shall not not, in and of itself, result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Collateral Agent be liable or accountable to the Pledgor for any discount allowed by reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

Appears in 2 contracts

Samples: Pledge Agreement (Renegy Holdings, Inc.), Pledge Agreement (Renegy Holdings, Inc.)

Compliance With Limitations and Restrictions. The Pledgor Each Borrower hereby agrees that in respect of any sale of any of the Collateral pursuant to the terms hereof, the Collateral Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as the Collateral Agent it may be advised by counsel is necessary in order to avoid any violation of applicable LawLaws, or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and the Pledgor each Borrower further agrees that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Collateral Agent be liable or accountable to the Pledgor such Borrower for any discount allowed by reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

Appears in 2 contracts

Samples: Debtor in Possession Credit Agreement (Pacific Ethanol, Inc.), Debt Agreement (Pacific Ethanol, Inc.)

Compliance With Limitations and Restrictions. The Pledgor Borrower hereby agrees that in respect of any sale of any of the Collateral pursuant to the terms hereof, the Collateral Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as the Collateral Agent it may be advised by counsel is necessary in order to avoid any violation of applicable LawLaws, or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and the Pledgor Borrower further agrees that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Collateral Agent be liable or accountable to the Pledgor Borrower for any discount allowed by reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

Appears in 1 contract

Samples: Debt Agreement (First United Ethanol LLC)

Compliance With Limitations and Restrictions. The Pledgor hereby agrees that in respect of any sale of any of the Collateral pursuant to the terms hereof, the Collateral Administrative Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as the Collateral Administrative Agent may be advised by counsel is necessary in order to avoid any violation of applicable LawLegal Requirements, or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and the Pledgor further agrees that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Collateral Administrative Agent be liable or accountable to the Pledgor for any discount allowed by reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

Appears in 1 contract

Samples: Credit Agreement (Ormat Technologies, Inc.)

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Compliance With Limitations and Restrictions. The Pledgor hereby agrees that in respect of any sale of any of the Collateral pursuant to the terms hereof, the Collateral Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as the Collateral Agent may determine, or may be advised by counsel counsel, is necessary in order to avoid any violation of applicable Lawlaw, or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and the Pledgor further agrees that such compliance shall not not, in and of itself, result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Collateral Agent be liable or accountable to the Pledgor for any discount allowed by reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

Appears in 1 contract

Samples: Credit Agreement (SemGroup Corp)

Compliance With Limitations and Restrictions. The Pledgor hereby agrees that in respect of any sale of any of the Collateral pursuant to the terms hereof, the Collateral Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as the Collateral Agent may be advised by counsel is necessary in order to avoid any violation of applicable Lawlaws, or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and the Pledgor further agrees that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Collateral Agent be liable or accountable to the Pledgor for any discount allowed by reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

Appears in 1 contract

Samples: Pledge and Security Agreement (Wynn Resorts LTD)

Compliance With Limitations and Restrictions. The Pledgor hereby agrees that in respect of any sale of any of the Collateral pursuant to the terms hereof, the Collateral Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as the Collateral Agent may be advised by counsel is necessary or advisable in order to avoid any violation of applicable Lawlaw, or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and the Pledgor further agrees that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Collateral Agent be liable or accountable to the Pledgor for any discount allowed by reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

Appears in 1 contract

Samples: Equity Pledge Agreement (Us Geothermal Inc)

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