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.
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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.
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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.
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Examples of Limitation on Enforcement in a sentence

  • Limitation on Enforcement of Security Documents............................67 12.23.

  • 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.

  • No Limitation on Enforcement by SEC on Non-Debtors Notwithstanding any language to the contrary contained in this Disclosure Statement, the Plan and/or the Confirmation Order, no provision of the Plan or the Confirmation Order shall (i) preclude the SEC from enforcing its police or regulatory powers; or, (ii) enjoin, limit, impair or delay the SEC from commencing or continuing any claims, causes of action, proceedings or investigations against any non-Debtor person or non-Debtor entity in any forum.

  • We also consent to the reference to our firm under the captions "Legal Matters" and "Limitation on Enforcement of Civil Liabilities Under U.S. Securities Laws Against AXA, its Management and Others" in the Prospectus and to being named in the Prospectus as the lawyers who have passed opinion on the matters referred to thereunder.

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

  • Limitation on Enforcement of Remedies......................................40 13.11.

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

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

  • Limitation on Enforcement of Guaranties and Security Documents................................

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


More Definitions of Limitation on Enforcement

Limitation on Enforcement or “Limitation Event” has the meaning specified in Section 4.09(b).
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Related to Limitation on Enforcement

  • 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.

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • 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.

  • 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—