Equitable Exceptions means, with respect to the enforceability of any obligation, that such obligation is subject to (a) applicable bankruptcy, insolvency, moratorium, receivership, assignment for the benefit of creditors or other similar state or federal laws affecting the rights and remedies of creditors generally (including, without limitation, fraudulent conveyance or transfer laws) and judicially developed doctrines in this area, such as equitable subordination and substantive consolidation of entities and (b) equitable principles (whether considered in a proceeding in equity or at law).
Equitable Exceptions has the meaning set forth in Section 4.2.
Equitable Exceptions as defined in Section 3.2(a).
Examples of Equitable Exceptions in a sentence
Each Ancillary Agreement to which Seller is or will be a party (if any) has been or will be duly executed and delivered by Seller and, assuming that such Ancillary Agreement(s) constitutes the legal, valid and binding obligation of Purchaser, constitute the legal, valid and binding obligation of Seller, enforceable against such Seller in accordance with its terms, except to the extent that the enforceability thereof may be limited by the Equitable Exceptions.
More Definitions of Equitable Exceptions
Equitable Exceptions shall have the meaning set forth in Section 3(a)(i) below.
Equitable Exceptions shall have the meaning specified in Section 3.6.
Equitable Exceptions means, collectively, (a) applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws from time to time in effect affecting generally the enforcement of creditors’ rights and remedies; and (b) general principles of equity.
Equitable Exceptions has the meaning specified in Section 3.6. -----------
Equitable Exceptions means any limitations on the enforceability of obligations resulting from: (a) bankruptcy, insolvency, reorganization, moratorium or other requirements of Laws, Orders or equitable principles now or hereafter in effect relating to or affecting the enforcement of creditors’ rights or debtors’ obligations generally; and (b) as to the remedy of specific performance and injunctive and other forms of equitable relief, the imposition of equitable defenses and the discretion of a Governmental Entity before which any Proceeding therefor may be brought.
Equitable Exceptions shall have the meaning ascribed to such term in Section 3.1(c).
Equitable Exceptions has the meaning given in Section 2.1.