Common use of Freedom to Refrain Clause in Contracts

Freedom to Refrain. notwithstanding anything else herein contained, the Trustee and the U.S. 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;

Appears in 2 contracts

Samples: Agency Agreement (LBI Ehf.), LBI Hf.

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Freedom to Refrain. notwithstanding anything else herein contained, the Trustee and the U.S. 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: Paying Agency Agreement (Upm Kymmene Corp)

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Freedom to Refrain. notwithstanding anything else herein contained, the Trustee and the U.S. 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;

Appears in 1 contract

Samples: Intercontinental Hotels Group PLC /New/

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