Repudiation and Unenforceability Clause Samples
The Repudiation and Unenforceability clause defines the consequences and procedures if one party rejects, disavows, or is otherwise unable to perform its contractual obligations, or if the contract is deemed legally unenforceable. In practice, this clause typically outlines the rights of the non-breaching party, such as the ability to terminate the agreement or seek remedies, and may specify what constitutes repudiation or unenforceability. Its core function is to provide a clear framework for addressing situations where the contract cannot be fulfilled as intended, thereby protecting parties from uncertainty and potential losses.
Repudiation and Unenforceability. An Obligor repudiates a Finance Document or any Finance Document is declared to be or is otherwise unenforceable against an Obligor by a court of the jurisdiction of incorporation of the relevant Obligor.
Repudiation and Unenforceability. An Obligor repudiates a Finance Document or any Finance Document is declared to be or is otherwise unenforceable against that Obligor or any obligation therein ceases to be legal, valid, binding or enforceable; or any of the Security Documents shall cease, for any reason, to be in full force and effect, or any lien created by the Security Documents shall cease to be enforceable and of the same effect and priority purported to be created thereby other than due to any Finance Party’s gross negligence or wilful misconduct.
Repudiation and Unenforceability. A GFL Obligor repudiates a Transaction Document or any Transaction Document is declared to be or is otherwise unenforceable against a GFL Obligor by a court of the jurisdiction of incorporation of the relevant GFL Obligor.
Repudiation and Unenforceability. An Obligor repudiates a Finance Document or any Finance Document is declared to be or is otherwise unenforceable against an Obligor by a court of the jurisdiction of incorporation of the relevant Obligor. Gold Fields_ RCF Table of Contents
Repudiation and Unenforceability. The Issuer repudiates any Finance Document or any Finance Document is declared to be or is otherwise unenforceable against the Issuer by a court of the jurisdiction of incorporation of the Issuer. If the Issuer becomes aware of the occurrence of any Event of Default, the Issuer shall forthwith notify all Bondholders in writing.