Denied Obligations Sample Clauses

Denied Obligations. The Custodian denies, to any extent, its obligations under any Operative Document to which the Custodian is a party or claims any Operative Document to which the Custodian is a party to be invalid or withdrawn in whole or in part; or any Operative Document to which it is a party is invalidated by any act, regulation or governmental action or is determined to be invalid or unenforceable by a court or other Governmental Authority.