Exceptions to General Rule Sample Clauses
The 'Exceptions to General Rule' clause defines specific circumstances where the main rule or standard provision of an agreement does not apply. In practice, this clause lists particular scenarios, conditions, or parties that are exempt from the general requirements, such as regulatory obligations, pre-existing agreements, or unique contractual relationships. Its core function is to provide flexibility and clarity by explicitly outlining when deviations from the standard rule are permitted, thereby preventing misunderstandings and ensuring that the contract accommodates necessary variations.
POPULAR SAMPLE Copied 62 times
Exceptions to General Rule. In the event that the Employment Period terminates by reason of: (i) the exercise by the Bank of its right not to renew pursuant to Section 5 below, (ii) Executive's disability or death, (iii) the exercise by the Bank of its right to terminate the Employment Period without cause pursuant to Section 8 below, or (iv) the exercise by Executive of his right to terminate the Employment Period for Good Reason pursuant to Section 11 below, then in such event Executive shall be entitled to receive his Additional Compensation, as follows:
Exceptions to General Rule. Anything herein to the contrary notwithstanding, unanimous consent of the Lenders shall be required with respect to (i) any increase in the Commitment hereunder (except as specified in Section 2.10(b) hereof), (ii) the extension of maturity of the Loans, the payment date of interest or scheduled principal hereunder, or the payment of facility or other fees or amounts payable hereunder, (iii) any reduction in the rate of interest on the Loans (provided that the institution of the Default Rate and a subsequent removal of the Default Rate shall not constitute a decrease in interest rate of this Section 10.3), or in any amount of scheduled principal or interest due on any Loan, or the payment of facility or other fees hereunder or any change in the manner of pro rata application of any payments made by Borrowers to the Lenders hereunder, (iv) any change in any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, (v) the release of any Borrower or Guarantor of Payment except as permitted by Section 9.8 hereof, or (vi) any amendment to this Section 10.3 or Section 8.5 hereof. Each Lender or other holder of a Note shall be bound by any amendment, waiver or consent obtained as authorized by this Section 10.3, regardless of its failure to agree thereto.
Exceptions to General Rule. Notwithstanding subsection (a) of this Section 11.3:
Exceptions to General Rule