Representations Limited. the representation and warranties of the Sellers in this Clause 11.1 are subject to: (i) the principle that equitable remedies are remedies which may be granted or refused at the discretion of the court; (ii) the limitation of enforcement by laws relating to bankruptcy, insolvency, liquidation, reorganisation, court schemes, moratoria, administration and other laws generally affecting or limiting the rights of creditors; (iii) the time barring of claims under any applicable limitation acts; (iv) the possibility that a court may strike out provisions for a contract as being invalid for reasons of oppression, undue influence or similar; and (v) any other reservations or qualifications of law expressed in any legal opinions obtained by the Owners in connection with the Transaction Documents.
Appears in 3 contracts
Samples: Memorandum of Agreement (Teekay LNG Partners L.P.), Memorandum of Agreement (Teekay LNG Partners L.P.), Memorandum of Agreement (Teekay LNG Partners L.P.)
Representations Limited. the representation and warranties of the Sellers Charterers in this Clause 11.1 47 are subject to:
(i) the principle that equitable remedies are remedies which may be granted or refused at the discretion of the court;
(ii) the limitation of enforcement by laws relating to bankruptcy, insolvency, liquidation, reorganisation, court schemes, moratoria, administration and other laws generally affecting or limiting the rights of creditors;
(iii) the time barring of claims under any applicable limitation acts;
(iv) the possibility that a court may strike out provisions for a contract as being invalid for reasons of oppression, undue influence or similar; and
(v) any other reservations or qualifications of law expressed in any legal opinions obtained by the Owners in connection with the Transaction Documents.
Appears in 3 contracts
Samples: Memorandum of Agreement (Teekay LNG Partners L.P.), Memorandum of Agreement (Teekay LNG Partners L.P.), Memorandum of Agreement (Teekay LNG Partners L.P.)
Representations Limited. the representation and warranties of the Sellers Owners in this Clause 11.1 paragraph (a) above are subject to:
(i) the principle that equitable remedies are remedies which may be granted or refused at the discretion of the court;
(ii) the limitation of enforcement by laws relating to bankruptcy, insolvency, liquidation, reorganisation, court schemes, moratoria, administration and other laws generally affecting or limiting the rights of creditors;
(iii) the time barring of claims under any applicable limitation acts;
(iv) the possibility that a court may strike out provisions for a contract as being invalid for reasons of oppression, undue influence or similar; and
(v) any other reservations or qualifications of law expressed in any legal opinions obtained by the Owners in connection with the Transaction Documents.
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