Common use of Xxxxx'ah compliance Clause in Contracts

Xxxxx'ah compliance. To the extent permitted by law, each of the parties hereto hereby agrees that it has accepted the Xxxxx'ah compliant nature of these presents and the Transaction Documents to which it is a party and further agrees that: (a) it shall not claim that any of its obligations under these presents and the Transaction Documents to which it is a party (or any provision thereof) is ultra xxxxx or not compliant with the principles of Xxxxx'ah; (b) it shall not take any steps or bring any proceedings in any forum to challenge the Xxxxx'ah compliance of these presents and the Transaction Documents to which it is a party; and (c) none of its obligations under these presents and the Transaction Documents to which it is a party shall in any way be diminished, abrogated, impaired, invalidated or otherwise adversely affected by any finding, declaration, pronouncement, order or judgment of any court, tribunal or other body that these presents and the Transaction Documents to which it is a party are not compliant with the principles of Xxxxx'ah.

Appears in 8 contracts

Samples: Guarantee, Guarantee, Guarantee

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!