Nothing in this Section 7 Sample Clauses
The 'Nothing in this Section 7' clause serves to clarify that the provisions within Section 7 do not override, limit, or affect other rights or obligations elsewhere in the agreement. Typically, this clause is used to ensure that the specific terms set out in Section 7 are interpreted in harmony with the rest of the contract, and do not unintentionally restrict or expand other sections. Its core function is to prevent misinterpretation or unintended consequences by explicitly stating the limits of Section 7’s applicability.
Nothing in this Section 7. 1.2 shall (i) make Lender responsible for performing or completing any Required Repairs; (ii) require Lender to expend funds in addition to the Required Repairs Fund to complete any Required Repairs; (iii) obligate Lender to proceed with any Required Repairs; or (iv) obligate Lender to demand from any Borrower additional sums to complete any Required Repairs.
Nothing in this Section 7. 6 shall prohibit the Borrower or any Subsidiary Bank from making loans, advances, or other extensions of credit in the ordinary course of banking upon substantially the same terms as heretofore extended by them in such business or upon such terms as may at the time be customary in the banking business."
Nothing in this Section 7. 03 shall restrict TI from specifying in its Forecasts quantities less than its minimum loading requirements under Section 6.01, provided TI satisfies those requirements on a six-month rolling average basis as set forth in Section 6.01.04.
Nothing in this Section 7. 10 shall derogate from the obligation of the Borrower and the Servicer to observe any Applicable Law prohibiting disclosure of information regarding the Obligors, and the failure of the Servicer to provide access as a result of such obligation shall not constitute a breach of this Section 7.10. USActive 31637433.4 -86-
Nothing in this Section 7. 01 shall be construed to prevent the Borrower or a Subsidiary from creating, assuming or suffering to exist, and the Borrower and its Subsidiaries are hereby expressly permitted to create, assume or suffer to exist, without securing the Loans as hereinabove provided, Liens of the following character:
(i) Liens existing on the Closing Date and listed on Schedule 7.01;
(ii) Liens securing Indebtedness issued (A) pursuant to the UES First Mortgage Bond Indenture or other Indebtedness of UES which is not guaranteed by the Borrower or any other Subsidiary of the Borrower and so long as no such Lien encumbers any asset of the Borrower or any Subsidiary of the Borrower (other than UES), or Liens granted to secure the refinancing of Indebtedness related thereto; and (B) to finance or refinance any of the Borrower’s or its Subsidiaries’ premises located in New Hampshire, Massachusetts or Maine or any property acquired in replacement thereof;
(iii) any purchase money mortgage or other Lien existing on any property of the Borrower or a Subsidiary at the time of acquisition, whether or not assumed, or created contemporaneously with the acquisition or construction of property, to secure or provide for the payment of the purchase or construction price of such property, and any conditional sales agreement or other title retention agreement with respect to any property hereafter acquired; provided, however, that (A) the aggregate principal amount of the Indebtedness secured by all such mortgages and other Liens on a particular parcel of property shall not exceed 100% of the lesser of the total cost or fair market value at the time of the acquisition or construction of such property, including the improvements thereon (as determined in good faith by the Board of Directors of Borrower or the relevant Subsidiary), and (B) the Indebtedness secured by all such mortgages and other Liens is permitted under Section 7.02;
(iv) Liens in respect of any Capital Lease which is permitted pursuant to Section 7.02(g);
(v) deposits, Liens or pledges to enable the Borrower or a Subsidiary to exercise any privilege or license, or to secure payment of worker’s compensation, unemployment insurance, old age pensions or other social security, or to secure the performance of bids, tenders, contracts or leases to which the Borrower or a Subsidiary is a party, or to secure public or statutory obligations of the Borrower or a Subsidiary, or to secure surety, stay or appeal bonds to which the Borrow...
Nothing in this Section 7. 3 shall require Gran Tierra or Argosy to create new information or reports. If either Gran Tierra or Argosy, however, has prepared (or caused to be prepared) translations into English of any materials listed in this Section 7.3, such translations shall be provided with the materials required by this Section 7.3.