Common use of Contestability Clause in Contracts

Contestability. If any amount paid to the Finance Parties under the Facilities Agreement or the Agreement and/or other Finance Documents meets (in the opinion of the Pledgee) the criteria under the applicable laws that it can be contested (in Slovak odporovaný) as a contestable transaction (in Slovak odporovateľný úkon) by a person competent to do so under the applicable laws, such sum shall not be deemed for the purposes of this Agreement as irrevocably paid.

Appears in 10 contracts

Samples: Pledge Agreement, Pledge Agreement, Pledge Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!