Common use of Modifications to Restrictions Clause in Contracts

Modifications to Restrictions. While each Shareholder and REA Listco acknowledges that the restrictions contained in Clauses 6.1 and 6.2 are reasonable in all the circumstances it is recognised that restrictions of the nature in question may fail for technical reasons unforeseen and accordingly, it is hereby agreed and declared that if any of such restrictions shall be adjudged to be void as going beyond what is reasonable in all the circumstances for the protection of the interests of the Company and/or the Group but would be valid if part of the wording thereof were deleted or the periods thereof reduced or the range of activities or area dealt with thereby reduced in scope, the said restriction shall apply with such modifications as may be necessary to make it valid and effective.

Appears in 4 contracts

Samples: Company Holders Support and Lock Up Agreement (PropertyGuru Group LTD), Company Holders Support and Lock Up Agreement (Bridgetown 2 Holdings LTD), Shareholders' Agreement (PropertyGuru Group LTD)

AutoNDA by SimpleDocs

Modifications to Restrictions. While each Shareholder and REA Listco acknowledges that the restrictions contained in Clauses 6.1 7.1 and 6.2 7.2 are reasonable in all the circumstances it is recognised that restrictions of the nature in question may fail for technical reasons unforeseen and accordingly, it is hereby agreed and declared that if any of such restrictions shall be adjudged to be void as going beyond what is reasonable in all the circumstances for the protection of the interests of the Company and/or the Group but would be valid if part of the wording thereof were deleted or the periods thereof reduced or the range of activities or area dealt with thereby reduced in scope, the said restriction shall apply with such modifications as may be necessary to make it valid and effective.

Appears in 1 contract

Samples: Shareholders' Agreement (Orangekloud Technology Inc.)

Modifications to Restrictions. While each Shareholder and REA Listco acknowledges agrees that the restrictions contained in Clauses 6.1 Clause 7.1 are no greater than is reasonable and 6.2 are reasonable necessary in all the circumstances circumstances, it is recognised that restrictions of the nature in question may fail for technical reasons unforeseen and accordingly, it is hereby agreed and declared that if any of such restrictions shall be adjudged to be void as going beyond what is reasonable in all the circumstances for the protection of the interests of the Company and/or the Group but would be valid if part of the wording thereof were deleted or the periods thereof reduced or the range of activities or area dealt with thereby reduced in scope, the said restriction shall apply with such modifications deletion or modification as may be necessary to make it valid and effectiveenforceable.

Appears in 1 contract

Samples: Shareholders’ Agreement

AutoNDA by SimpleDocs

Modifications to Restrictions. While each Shareholder and REA Listco of the Shareholders acknowledges that the restrictions contained in Clauses 6.1 and 6.2 sub-clause (a) above are reasonable in all the circumstances it is recognised that restrictions of the nature in question may fail for technical reasons reason unforeseen and accordingly, it is hereby agreed and declared that if any of such restrictions shall be adjudged by a court of competent jurisdiction to be void as going beyond what is reasonable in all the circumstances for the protection of the interests of the Company and/or the Group but would be valid if part of the wording thereof were deleted or the periods thereof reduced or the range of activities or area dealt with thereby reduced in scope, the said restriction restrictions shall apply with such modifications as may be necessary to make it valid and effective.

Appears in 1 contract

Samples: Joint Venture Agreement (Semiconductor Packaging Materials Co Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!