Limitation on Enforcement definition

Limitation on Enforcement or “Limitation Event”). For the purpose of determining whether a Limitation Event has occurred, any recourse claim (Rückgriffsanspruch) which the German Guarantor has, or would acquire, against a shareholder or another member of the Avis Europe Group as a result of the enforcement of the Guarantee shall be taken into account to the extent that such recourse claim is valuable (werthaltig) (“Recourse Claim”). To the extent that there is such Recourse Claim, no Limitation on Enforcement applies.
Sample 1Sample 2
Limitation on Enforcement or “Limitation Event”). For the purpose of determining whether a Limitation Event has occurred, any indemnification claim (Freistellungsanspruch within the German law meaning of that term) or recourse claim (Rückgriffsanspruch within the German law meaning of that term) which such German Guarantor has acquired, or would acquire against a shareholder or another Subsidiary of the Company or any of its affiliates as a result of entry into or the enforcement of the Note Guarantee, shall be taken into account to the extent that such indemnification or recourse claim is fully valuable (vollwertig) within the meaning of sentence 2 of paragraph 1 of § 30 GmbH-Act and in accordance with applicable court rulings of the German Federal Court of Justice (BGH) (“Recourse Claim”). To the extent that there is such Recourse Claim, no Limitation on Enforcement applies.
Sample 1Sample 2Sample 3
Limitation on Enforcement or “Limitation Event” has the meaning specified in Section 4.09(b).
Sample 1

Examples of Limitation on Enforcement in a sentence

  • To the extent that there is such Recourse Claim, no Limitation on Enforcement applies.

  • Stephens, A Categorical Approach to Human Rights Claims: Jus Cogens as a Limitation on Enforcement?, 22 WIS.

  • Limitation on Enforcement of Remedies.......................81 15.11.

  • In such cases, as set forth in Article 1., Section 6., the Deacons shall follow the principles set forth in Matthew 18 and the procedures outlined in these Bylaws.

  • Limitation on Enforcement of Remedies....................................................

  • In addition, one of our BKB members, Barry Goldman, will be introducing Captain Miller.

  • Limitation on Enforcement of Subsidiary Guarantees Granted by Swiss Guarantor 80 SECTION 10.04.

  • Limitation on Enforcement of Remedies.............................................

  • For the purpose of this Clause 7 (Limitation on Enforcement): Up-Stream and/or Cross-Stream German Guarantee means in relation to a German Guarantor any guarantee and/or indemnity granted under this Guarantee directly or indirectly securing the obligations or liabilities of any member of the Relevant Group that is not a direct or indirect Relevant Subsidiary of such German Guarantor.

  • Nature of Liability Independent Obligation Authorization Reliance Waiver Limitation on Enforcement Confirmation of Payment Article XI.


More Definitions of Limitation on Enforcement

Limitation on Enforcement or "Limitation Event"). For the avoidance of doubt, to the extent the enforcement of the Guarantee will result in a fully valuable recourse claim (vollwertiger Rückgriffsanspruch) within the meaning of sentence 2 of paragraph 1 of § 30 GmbH-Act ("Recourse Claim") of the German Guarantor against a third party including a shareholder or another member of the Group, no Limitation on Enforcement applies and no Limitation Event occurs.
Sample 1

Related to Limitation on Enforcement

  • law enforcement means the prevention, detection or investigation of terrorist offences or other serious criminal offences;

  • Law enforcement unit means an individual office, department, division, or other component of an education agency or institution that is officially authorized or designated by that agency or institution to (1) enforce laws or refer matters of law enforcement to appropriate authorities, or (2) maintain the physical security and safety of the agency or institution.

  • Law enforcement agency means an agency of the state, or of a county, municipality, or other political subdivision of the state, that employs peace officers who make traffic stops in the routine performance of the officers' official duties.

  • Support enforcement agency means a public official or agency authorized to seek:

  • Trust Enforcement Event in respect of the Securities means an Indenture Event of Default has occurred and is continuing in respect of the Debentures.

  • Limitation of Liability PrimePay has negotiated preferred terms and conditions with FD as a service to PrimePay Clients. Client understands that FD, and not PrimePay, will be performing those services and that Client will enter its own service agreement(s) with FD for such services under terms and conditions specified by FD and agreed to by Client. Accordingly, Client acknowledges that FD shall be the provider of Payment Processing Services hereunder and that PrimePay shall have no liability whatsoever for or related to the performance of those services, including any and all damages, costs and related expenses (including attorney fees).

  • Civil Enforcement Officer means a person authorised by or on behalf of Lancashire County Council in accordance with Section 76 of the Traffic Management Act 2004;

  • Legitimate law enforcement purpose means a goal within the lawful authority of an officer that is to be achieved through methods or conduct condoned by the officer’s appointing authority.

  • Law enforcement officer means any officer authorized to direct or regulate traffic or to make

  • Governing Law This Agreement is governed by, and shall be construed in accordance with, English law.

  • Bylaw Enforcement Officer means a person or persons appointed from time to time by resolution of City Council pursuant to Section 36 of the Police Act, the purpose of which is to enforce regulatory bylaws of the municipality.

  • By-law Enforcement Officer means a person appointed as such by the City to enforce City by-laws.

  • Exceptions and Limitations means fair use, fair dealing, and/or any other exception or limitation to Copyright and Similar Rights that applies to Your use of the Licensed Material.

  • Local law enforcement agency or "LLEA" means a public or private organization that has been approved by a federal, state, or local government to carry firearms and make arrests, and is authorized and has the capability to provide an armed response in the jurisdiction where the licensed Category 1 or Category 2 quantity of radioactive material is used, stored, or transported.

  • Code enforcement officer means the Code Enforcement Officer appointed pursuant to subdivision (b) of section 3 of this local law.

  • Law enforcement official has the same meaning as the term "law enforcement official" at 45 C.F.R. § 164.103.

  • Drug enforcement administration means the drug enforcement

  • Severability If any provision of this Consulting Agreement is invalid, illegal, or unenforceable, the balance of this Consulting Agreement shall remain in effect, and if any provision is inapplicable to any person or circumstance, it shall nevertheless remain applicable to all other persons and circumstances.

  • Special Purpose Provisions has the meaning specified in Section 11.02 of the LLC Agreement.

  • restriction of processing means the marking of stored personal data with the aim of limiting their processing in the future;

  • Compliance Enforcement Authority means NERC or the Regional Entity, or any entity as otherwise designated by an Applicable Governmental Authority, in their respective roles of monitoring and/or enforcing compliance with mandatory and enforceable Reliability Standards in their respective jurisdictions.

  • right to information means the right to information accessible under this Act which is held by or under the control of any public authority and includes the right to—

  • Promotion of Access to Information Act means the Promotion of Access to Information Act, 2000 (Act No. 2 of 2000)

  • Segregation of Duties means the assignment of different people in the responsibility of authorising transactions, recording transactions and maintaining custody of assets with the intention of reducing the opportunities to allow any person to be in a position to both perpetrate and conceal fraud or error due to fraud in the normal course of their duties. Skills First Entitlement means the entitlement to a government-subsidised place in training for persons who are eligible in accordance with the criteria set out in the Act or established under the Act, and reflected in this Contract.

  • Chief law enforcement officer means the chief of police of cities and towns and sheriffs of counties, unless a political subdivision has otherwise designated its chief law-enforcement officer by appropriate resolution or ordinance, in which case the local designation shall be controlling.

  • REIT Provisions of the Code means Sections 856 through 860 of the Code and any successor or other provisions of the Code relating to real estate investment trusts (including provisions as to the attribution of ownership of beneficial interests therein) and the regulations promulgated thereunder.