Common use of No Indirect Actions Clause in Contracts

No Indirect Actions. Unless otherwise expressly stated, if a party may not take an action under this Agreement, then it may not take that action indirectly, or support 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 69 contracts

Samples: Intercreditor Agreement (Karyopharm Therapeutics Inc.), Intercreditor Agreement (Karyopharm Therapeutics Inc.), Passu Intercreditor Agreement (Post Holdings, Inc.)

AutoNDA by SimpleDocs

No Indirect Actions. 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 assist or support 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 as the prohibited action.

Appears in 13 contracts

Samples: Intercreditor Agreement (Terran Orbital Corp), Intercreditor Agreement (Terran Orbital Corp), Management and Lease Support Agreement (Vici Properties Inc.)

No Indirect Actions. Unless otherwise expressly stated, if a party may not take an action under this Agreement, then it may not take that action indirectly, or support 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 by the party to have substantially the same effects as the prohibited action.

Appears in 7 contracts

Samples: Note Subordination Agreement, Note Subordination Agreement (Centrus Energy Corp), Subordination and Intercreditor Agreement (Centrus Energy Corp)

No Indirect Actions. 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 support 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 as the prohibited action.

Appears in 4 contracts

Samples: Intercreditor Agreement (PRETIUM CANADA Co), Intercreditor Agreement (KAR Auction Services, Inc.), Credit Agreement (Nexstar Broadcasting Group Inc)

No Indirect Actions. Unless otherwise expressly stated, if a party hereto may not take an action under this Agreement, then it may not take that action indirectly, or support 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 such party hereto but is intended to have substantially the same effects as the prohibited action.

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement (Ocean Rig UDW Inc.)

No Indirect Actions. Unless otherwise expressly stated, if a party may not take an action under this Agreement, then it may not take that action indirectly, or support 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 effect as the prohibited action.

Appears in 2 contracts

Samples: Passu Intercreditor Agreement (Entegris Inc), Pledge and Security Agreement (Caseys General Stores Inc)

No Indirect Actions. Unless otherwise expressly stated, if a party may not take an action under this Agreement, then it may not take that action indirectly, or support any other Person in taking that action directly or indirectly. “Taking an action 168776.01000/150935587v.4 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 1 contract

Samples: Intercreditor Agreement (Nauticus Robotics, Inc.)

No Indirect Actions. 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 assist or support 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 as the prohibited action.

Appears in 1 contract

Samples: Intercreditor Agreement (Cal Dive International, Inc.)

AutoNDA by SimpleDocs

No Indirect Actions. Unless otherwise expressly stated, if a party hereto may not take an action under this Agreement, then it may not take that action indirectly, or assist or support any other Person person in taking that action directly or indirectly. “Taking an action indirectly” means includes taking an action that is not expressly prohibited for the party hereto but is intended to have substantially the same effects as the prohibited action.

Appears in 1 contract

Samples: Intercreditor Agreement (Athenex, Inc.)

No Indirect Actions. Unless otherwise expressly stated, if a party may not take an action under this Agreement, then it may not take that action indirectly, or support 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.. 45

Appears in 1 contract

Samples: Four Lien Intercreditor Agreement (Franchise Group, Inc.)

No Indirect Actions. Unless otherwise expressly stated, if a party may not take an action under this Agreement, then it may not take that action indirectly, or support any other Person in taking that action directly or indirectly. “Taking an action 168776.01000/150935546v.3 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 1 contract

Samples: Intercreditor Agreement (Nauticus Robotics, Inc.)

No Indirect Actions. Unless otherwise expressly stated, if a party may not take an action under this Agreement, then it may not take that action indirectly, or support any other Person in taking that action directly or indirectly. “Taking an action 168776.01000/150935551v.4 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 1 contract

Samples: Intercreditor Agreement (Nauticus Robotics, Inc.)

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