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: Pepsi acknowledges that school sponsored organizations, clubs, and other groups associated with the Customer may purchase Beverages or receive donated Beverages from third parties for sale or distribution at Special Events, subject to the limitations below. Pepsi further acknowledges the use of the Facilities by various private and community groups and that such groups may sell or distribute to members of the group. Customer shall encourage such organizations, clubs, and groups to request that donated products be Pepsi brands, however, Pepsi acknowledges that this is not always possible. In circumstances where school sponsored organizations or clubs purchase Beverages, Customer will require that such purchases will be Pepsi Products, although such purchases may from time to time be purchased from local stores. Pepsi acknowledges that Customer’s Food Service Operator currently has Coke fountain dispensing equipment located in its Food Service Areas and sells Coke fountain products. Pepsi further acknowledges that it will take Customer some time to properly remove such equipment from the Facilities. Customer agrees to remove this equipment and cease selling Coke fountain products no later than September 2016.
Permitted Exception. Account shall have the right to make available for sale freshly brewed coffee, freshly brewed tea and sno cones served in cups bearing the trademarks of Beanstalk Coffee and Sno at the existing Beanstalk Coffee and Sno location so long as Competitive Products at such location are limited solely to freshly brewed coffee, freshly brewed teas and sno cones. In addition, Account will ensure that Beanstalk Coffee and Sno makes available for purchase Bottler’s Products at such location. Account agrees that this Section shall not be read to allow advertising or promotional rights with respect to such Competitive Products except that the names, logos, or trademarks of Beanstalk Coffee and Sno may be displayed on menu boards, on dispensing equipment, branded paper cups, cup sleeves and similar dis- posable branded items provided in the course of the sale and service of freshly brewed coffee freshly brewed tea and sno cones.
Permitted Exception. Any item contained in the Title Report to which Buyer does not so object shall be deemed a “Permitted Exception”.
Permitted Exception. Any matter shown on the Survey to which Xxxxx does not so object shall be deemed a “Permitted Exception”.
Permitted Exception. The provisions of this Section 9.5 shall be subject to Sellers' and Purchaser's rights and obligations with respect to Voluntary/De Minimis Title Exceptions set forth in Section 9.6. It is understood and agreed that a discharge of a title exception shall include the elimination of the title exception itself, the omission of the exception from the Complying Title Policy or affirmative insurance against any loss due to the existence of such exception provided such form of affirmative insurance is reasonably approved by Buyer.
