Permitted Exception. Employee shall be permitted without violating Sections 2(b), 2(d), 12(c), or 12(d) of this Agreement to make passive personal investments in securities that are registered on a national stock exchange if the aggregate amount owned by him and all family members and Affiliates does not exceed 2% of such company’s outstanding securities as long as (i) these activities do not prevent Employee from fulfilling his duties, responsibilities, and authorities under this Agreement, and (ii) Employee fully complies with his otherwise applicable obligations under this Agreement.
Permitted Exception. A defect of title, regardless of its disposition under this Section, shall not result in a reduction of the Purchase Price.
Permitted Exception. The term "Permitted Exception" means all liens, charges, estates and encumbrances currently affecting the Premises as of the Restatement Effective Date.
Permitted Exception. Notwithstanding the foregoing, Purchaser acknowledges the residential tenancy on the Owned Property pursuant to that certain Residential-Lease Agreement dated December 12, 2022 (the “Residential Lease”) and such Residential Lease is hereby deemed a Permitted Exception. Ceres Farms delivered notice of termination of the Residential Lease on April 4, 2023 and it shall terminate on or before December 31, 2023.
Permitted Exception. Notwithstanding the foregoing provisions of this section, Provider shall be permitted to (i) own up to five percent of the publicly-traded securities, registered under Section 12 or 15(d) of the Securities Exchange Act of 1934, of any competitor of Recipient, and (ii) continue to own an interest in and fully participate in the business of Recipient and any other wholly-owned or partially-owned subsidiary of Provider in which Provider owned an interest or in whose business Provider participated, in both cases at the time of the expiration or termination of this Agreement, provided, however, that such ownership and participation was not in violation of this Agreement.
Permitted Exception. Customer and Pepsi acknowledge and agree that the following are the only permitted exceptions to Pepsi’s Beverage rights at the Facilities:
Permitted Exception. ABAA shall not be under any obligation under this agreement with respect to any Confidential Information of the Disclosing Party that:
(a) is or becomes generally available to the public other than as a result of a breach of this Agreement by the ABAA or any of its affiliates or representatives;
(b) is known to the ABAA or any of its affiliates or representatives at the time of disclosure;
(c) was received by the ABAA or any of its affiliates after the time of disclosure hereunder on a non-confidential basis from a third party who had a legal right to make use of such Confidential Information. In order to rely on any of the foregoing permitted exceptions, the ABAA shall immediately advise the Disclosing Party upon receipt of any Confidential Information, that a permitted exception applies and shall provide reasonable details of such permitted exception.
Permitted Exception. Notwithstanding the foregoing provisions of ------------------- this section, Employee shall be permitted to own up to five percent of the publicly traded securities, registered under Section 12 or 15(d) of the Securities Exchange Act of 1934, of any competitor of Employer.
Permitted Exception. Notwithstanding the foregoing provisions of this section, Consultant shall be permitted to own up to five percent of the publicly-traded securities, registered under Section 12 or 15(d) of the Securities Exchange Act of 1934, of any competitor of the Company.
Permitted Exception. The provisions of Clause 29.1(b) shall not apply to any credit balance (in whatever currency denominated) held by a Bank at the Enforcement Date to the extent that it is capable of being set off against any accrued liability to that Bank at the Enforcement Date, where:-