Indirect Action. Unless otherwise expressly stated, if a Party may not take an action under this Agreement, then it may not take that action indirectly, or take any action assisting or supporting any other Person in taking that action directly or indirectly. “Taking an action indirectly” means taking an action that is not expressly prohibited for the Party but is intended to have substantially the same effects as the prohibited action.
Appears in 4 contracts
Samples: Intercreditor Agreement (Spinal Elements Holdings, Inc.), Intercreditor Agreement (Rand Logistics, Inc.), Intercreditor Agreement (Implant Sciences Corp)
Indirect Action. Unless otherwise expressly stated, if a Party party may not take an action under this Agreement, then it may not take that action indirectly, or take any action assisting or supporting any other Person in taking that action directly or indirectly. “Taking an action indirectly” means taking an action that is not expressly prohibited for the Party party but is intended to have substantially the same effects effect as the prohibited action.
Appears in 2 contracts
Samples: Intercreditor Agreement (Stone Energy Corp), Intercreditor Agreement (Foresight Energy LP)
Indirect Action. Unless otherwise expressly stated, if a Party party may not take an action under this Agreement, then it may not take that action indirectly, or take any action assisting or supporting any other Person in taking that action directly or indirectly. “Taking an action indirectly” means taking an action that is not expressly prohibited for the Party but is intended to have substantially the same effects as the prohibited action.
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