Common use of Freedom to Refrain Clause in Contracts

Freedom to Refrain. notwithstanding anything else contained in the Security Documents or the other Documents, the Note Trustee may refrain from doing anything which would or might in its opinion be contrary to any law of any jurisdiction or any directive or regulation of any agency or any state of which would or might otherwise render it liable to any person and may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation; and

Appears in 2 contracts

Samples: Turquoise Receivables Trustee LTD, Agency Agreement (Arran Funding LTD)

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Freedom to Refrain. notwithstanding anything else contained in the Security Documents or the other Documentsherein contained, the Note Trustee may refrain from doing anything which would or might in its opinion be contrary to any law of any jurisdiction or any directive or regulation of any agency or any state of which would or might otherwise render it liable to any person and may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation; and.

Appears in 1 contract

Samples: landsec.com

Freedom to Refrain. notwithstanding Notwithstanding anything else contained in the Security Documents or the other Documentsherein contained, the Note Trustee may refrain from doing anything which would or might in its opinion be contrary to any law of any jurisdiction or any directive or regulation of any agency or any state of or which would or might otherwise render it liable to any person and may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation; and.

Appears in 1 contract

Samples: PPL Corp

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Freedom to Refrain. notwithstanding Notwithstanding anything else contained in the Security Documents or the other Documents, the Note Trustee may refrain from doing anything which would or might in its opinion be contrary to any law of any jurisdiction or any directive or regulation of any agency or any state of which would or might otherwise render it liable to any person and may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation; and.

Appears in 1 contract

Samples: Terms and Conditions (Barclaycard Funding PLC)

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