Effect of Restrictions. Upon receipt of any notice pursuant to item (iii) above, the Borrower will thereupon undertake reasonable efforts to obtain the cancellation of each Letter of Credit; provided, however, that the refusal of any beneficiary of any Letter of Credit to surrender such Letter of Credit will not be an Event of Default hereunder and the Borrower shall undertake good faith efforts to obtain a substitute letter of credit for such Letter of Credit. Nothing contained in this Subsection 2.3b shall be deemed a termination of the Revolving Credit Commitment and, in the event of a suspension of the commitment of the Issuing Bank to issue Letters of Credit or to enter into amendments with respect thereto as set forth above, the Borrower may continue to borrow under the Revolving Credit Commitment provided the requirements of Section 7.1 hereof are complied with.
Effect of Restrictions. If you become contractually entitled to a golden parachute, tax gross up or bonus payment while the Company is participating in the CPP (and are prohibited from receiving such a payment due to the restrictions set forth above), you will not have a right to receive, and you will not receive, any such payment either (a) while the Company is a current participant in the CPP or (b) after the Company ceases to participate in the CPP. The Company’s repayment of all amounts owed to the Treasury will not revive any payment to which you would have otherwise been contractually entitled but for the Company’s participation in the CPP and this letter agreement.
Effect of Restrictions. The restrictions contained in Clauses 16.1 and 16.2 shall apply before and after Completion and will continue to bind the Parties even if this Agreement is rescinded or terminated.
Effect of Restrictions. Upon receipt of any notice pursuant to item (iii) above, the Borrower will thereupon undertake reasonable efforts to obtain the cancellation of each Letter of Credit; provided, however, that the refusal of any beneficiary of any Letter of Credit to surrender such Letter of Credit will not be an Event of Default hereunder and the
Effect of Restrictions. While the restrictions contained in this Agreement are considered by the parties to be reasonable in all the circumstances, it is agreed that if such restrictions as a whole are adjudged to go beyond what is reasonable for the protection of the confidential information and other legitimate interests of the Company, and to be unenforceable, but would be adjudged reasonable and enforceable if any part or parts thereof were deleted or any periods or areas reduced, such restrictions shall apply as if such part or parts had been deleted or such periods or areas reduced so that such restrictions would be adjudged reasonable and enforceable.
Effect of Restrictions. The Property Owner and GBLT covenant and agree with each other as follows:
(a) the Restrictions shall be deemed to be restrictive covenants governed by and having the benefit of the Act;
(b) this Agreement shall be registered on title against the Open Lands (and the Property Owner hereby consents to such registration); and
(c) upon the registration of this Agreement on title to the Open Lands, the burden of the Restrictions shall run with and bind the Open Lands and every part thereof.
