Common use of Mandatory Provisions of Applicable Law Clause in Contracts

Mandatory Provisions of Applicable Law. Subject to Section 3.8, all rights, remedies, and powers provided herein may be exercised only to the extent that the exercise thereof does not violate any mandatory provision of Applicable Law and all the provisions of this Trust Indenture are intended to be subject to all mandatory provisions of Applicable Law which may be controlling in the premises and to be limited to the extent necessary so that they will not render this Trust Indenture invalid, unenforceable or not entitled to be recorded, registered or filed under any mandatory provisions of Applicable Law. Subject to Section 3.8, if any mandatory provision of Applicable Law shall provide for different or additional requirements than or to those specified herein as prerequisites to or incidental to the realization, sale or foreclosure of the Charge or any part thereof, then, to that extent, such laws shall be deemed to have been set forth herein at length, and any conflicting provisions hereof shall be disregarded, and the method of realization, sale or foreclosure of the Charge required by any such laws shall, insofar as may be necessary, be substituted herein as the method of realization, sale or foreclosure in lieu of that set forth above. Any provision hereof contrary to mandatory provisions of Applicable Law shall be deemed to be ineffective and shall be severable from and not invalidate any other provision of this Trust Indenture.

Appears in 2 contracts

Samples: Trust Indenture (Surge Global Energy, Inc.), Trust Indenture (Surge Global Energy, Inc.)

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Mandatory Provisions of Applicable Law. Subject to Section 3.86.3, all rights, remedies, and powers provided herein may be exercised only to the extent that the exercise thereof does not violate any mandatory provision of Applicable Law and all the provisions of this Trust Indenture Debenture are intended to be subject to all mandatory provisions of Applicable Law which may be controlling in the premises and to be limited to the extent necessary so that they will not render this Trust Indenture Debenture invalid, unenforceable or not entitled to be recorded, registered or filed under any mandatory provisions of Applicable Law. Subject to Section 3.86.3, if any mandatory provision of Applicable Law shall provide for different or additional requirements than or to those specified herein as prerequisites to or incidental to the realization, sale or foreclosure of the Charge or any part thereof, then, to that extent, such laws shall be deemed to have been set forth herein at length, and any conflicting provisions hereof shall be disregarded, and the method of realization, sale or foreclosure of the Charge required by any such laws shall, insofar as may be necessary, be substituted herein as the method of realization, sale or foreclosure in lieu of that set forth above. Any provision hereof contrary to mandatory provisions of Applicable Law shall be deemed to be ineffective and shall be severable from and not invalidate any other provision of this Trust IndentureDebenture.

Appears in 1 contract

Samples: Security Agreement (Forum Oilfield Technologies Inc)

Mandatory Provisions of Applicable Law. Subject to Section 3.86.8, all rights, remedies, remedies and powers provided herein may be exercised only to the extent that the exercise thereof does not violate any mandatory provision of Applicable Law applicable law and all the provisions of this Trust Indenture are intended to be subject to all mandatory provisions of Applicable Law applicable law which may be controlling in the premises and to be limited to the extent necessary so that they will not render this Trust Indenture invalid, unenforceable or not entitled to be recorded, registered or filed under any mandatory provisions of Applicable Lawapplicable law. Subject to Section 3.86.8, if any mandatory provision of Applicable Law applicable law shall provide for different or additional requirements than or to those specified herein as prerequisites to or incidental to the realization, sale or foreclosure of the Charge Collateral or any part thereof, then, to that extent, such laws shall be deemed to have been set forth herein at length, and any conflicting provisions hereof shall be disregarded, and the method of realization, sale or foreclosure of the Charge Collateral required by any such laws shall, insofar as may be necessary, be substituted herein as the method of realization, sale or foreclosure in lieu of that set forth above. Any provision hereof contrary to mandatory provisions of Applicable Law applicable law shall be deemed to be ineffective and shall be severable from and not invalidate any other provision of this Trust Indenture.

Appears in 1 contract

Samples: sedar-filings.thecse.com

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Mandatory Provisions of Applicable Law. Subject to Section 3.85.13, all rights, remedies, and powers provided herein may be exercised only to the extent that the exercise thereof does not violate any mandatory provision of Applicable Law and all the provisions of this Trust Indenture Debenture are intended to be subject to all mandatory provisions of Applicable Law which may be controlling in the premises and to be limited to the extent necessary so that they will not render this Trust Indenture invalid, unenforceable or not entitled to be recorded, registered or filed under any mandatory provisions of Applicable Law. Subject to Section 3.85.13, if any mandatory provision of Applicable Law shall provide for different or additional requirements than or to those specified herein as prerequisites to or incidental to the realization, sale or foreclosure of the Charge or any part thereof, then, to that extent, such laws shall be deemed to have been set forth herein at length, and any conflicting provisions hereof shall be disregarded, and the method of realization, sale or foreclosure of the Charge required by any such laws shall, insofar as may be necessary, be substituted herein as the method of realization, sale or foreclosure in lieu of that set forth above. Any provision hereof contrary to mandatory provisions of Applicable Law shall be deemed to be ineffective and shall be severable from and not invalidate any other provision of this Trust IndentureDebenture.

Appears in 1 contract

Samples: Convertible Secured Debenture Indenture

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