Common use of Representations Limited Clause in Contracts

Representations Limited. The representation and warranties of the Borrower in this Clause 4 are subject to: 4.22.1 the principle that equitable remedies are remedies which may be granted or refused at the discretion of the court; 4.22.2 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; 4.22.3 the time barring of claims under any applicable limitation acts; 4.22.4 the possibility that a court may strike out provisions for a contract as being invalid for reasons of oppression, undue influence or similar; and 4.22.5 any other reservations or qualifications of law expressed in any legal opinions obtained by the Agent in connection with the Facility.

Appears in 3 contracts

Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay LNG Partners L.P.), Loan Facility Agreement (Teekay Shipping Corp)

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Representations Limited. The representation and warranties of the Borrower Borrowers in this Clause 4 are subject to: 4.22.1 4.23.1 the principle that equitable remedies are remedies which may be granted or refused at the discretion of the court; 4.22.2 4.23.2 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; 4.22.3 4.23.3 the time barring of claims under any applicable limitation acts; 4.22.4 4.23.4 the possibility that a court may strike out provisions for a contract as being invalid for reasons of oppression, undue influence or similar; and 4.22.5 4.23.5 any other reservations or qualifications of law expressed in any legal opinions obtained by the Agent in connection with the Facility.

Appears in 2 contracts

Samples: Loan Agreement (Teekay LNG Partners L.P.), Secured Reducing Revolving Loan Facility Agreement (Teekay Shipping Corp)

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Representations Limited. The representation and warranties of the Borrower Borrowers in this Clause 4 are subject to: 4.22.1 4.24.1 the principle that equitable remedies are remedies which may be granted or refused at the discretion of the court; 4.22.2 4.24.2 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; 4.22.3 4.24.3 the time barring of claims under any applicable limitation acts; 4.22.4 4.24.4 the possibility that a court may strike out provisions for a contract as being invalid for reasons of oppression, undue influence or similar; and 4.22.5 4.24.5 any other reservations or qualifications of law expressed in any legal opinions obtained by the Agent in connection with the Facility.

Appears in 1 contract

Samples: Facility Agreement (Teekay LNG Partners L.P.)

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