No Obligation definition

No Obligation. You agree that unless and until a definitive agreement regarding a Possible Transaction between the Company and you has been executed, neither the Company nor you will be under any legal obligation of any kind whatsoever with respect to such a transaction by virtue of this agreement except for the matters specifically agreed to herein. You further acknowledge and agree that the Company reserves the right, in its sole discretion, to reject any and all proposals made by you or any of your Representatives with regard to a Possible Transaction, to terminate discussions and negotiations with you or your Representatives at any time and to conduct any process for a transaction involving the Company as it may determine.
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No Obligation. The Trustee is not obliged to enter into any commitment or obligation under this Agreement or any Transaction Document (including incur any further liability) unless the Trustee's liability is limited in a manner which is consistent with this Section 15 or otherwise in a manner satisfactory to the Trustee in its absolute discretion.
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No Obligation. Nothing in this clause 4.9 creates any obligation upon the Security Trustee to enter into any arrangement or to advance any moneys or do any act or thing as a result whereof if so created, entered into, advanced or done there would be Secured Moneys, or limits or affects the provisions of section 279(2) of the Corporations Law. -------------------------------------------------------------------------------- 5. Representations and warranties 5.1 By the Trustee The Trustee represents and warrants to the Security Trustee that: (a) (Due incorporation): it is duly incorporated and has the corporate power to own its property and to carry on its business as is now being conducted; (b) (Constitution): the execution delivery and performance of each Transaction Document to which it is expressed to be a party does not violate its constitution; (c) (Corporate power): it has the power and has taken all corporate and other action required to enter into each Transaction Document to which it is expressed to be a party and to authorise the execution and delivery of each Transaction Document to which it is expressed to be a party and the performance of its obligations under each Transaction Document to which it is expressed to be a party;
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Examples of No Obligation in a sentence

  • Waiver of Defects; No Obligation to Give Notice of Defects..........................................................................

  • No Obligation shall be authenticated in lieu of or in exchange for any Obligation cancelled as provided in this Section, except as may be expressly permitted by this Indenture.

  • The Existing Condition Of The Property, Including The Presence Of Environmental Contamination, If Any, Thereon, And (iii) Seller Shall Be Under No Obligation Whatsoever To Undertake Any Repair, Alteration, Remediation Or Other Work Of Any Kind With Respect To Any Portion Of The Property.

  • No Obligation or the Guarantee of the United States thereon shall be valid unless such Obligation shall bear thereon an authentication certificate, executed by the Indenture Trustee in accordance with the terms and conditions of the Authorization Agreement.

  • No Obligation shall be authenticated in lieu of or in exchange for any Obligation cancelled as provided in this Section, except as expressly provided by this Indenture.

  • No Obligation of Mindsprint: Mindsprint shall not have any obligation to provide any insurance or other benefits for the Employees/ Subcontractors.

  • No Obligation or the Guarantee of the United States thereon shall be valid unless such Obligation shall bear thereon an authentication certificate, manually executed by the Indenture Trustee in accordance with the terms and conditions of the Authorization Agreement, substantially in the form or forms referred to in Section 2.02(b).

  • No Obligation to Seek Other Employment or to Otherwise Mitigate Damages; No Effect Upon Other Plans.

  • The Credit Union Has No Obligation to Pay Your Overdrafts: We are not obligated to pay any item presented for payment if your account does not contain sufficient available funds.

  • No Obligation shall be valid or become obligatory for any purpose or shall be entitled to any security or benefit under this Trust Agreement unless and until executed and delivered by the Trustee.


More Definitions of No Obligation

No Obligation. The Transferor shall not be obliged by any Finance Document to:- (a) accept a re-transfer from the Transferee of any of the rights and/or obligations assigned or transferred under this Clause 21; or (b) indemnify the Transferee for any losses arising by reason of any Obligor's failure to perform its obligations under the Finance Documents or otherwise.
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No Obligation. Nothing in this clause 4.9 creates any obligation upon the Security Trustee to enter into any arrangement or to advance any moneys or do any act or thing as a result whereof if so created, entered into, advanced or done there would be Secured Moneys, or limits or affects the provisions of section 279(2) of the Corporations Law.
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No Obligation. Dynetix Design Solutions shall be under no obligation to correct any deficiencies in the licensed products, but intends to make reasonable efforts to do so. Furthermore, Dynetix Design Solutions shall not be obligated to provide supports to you resulting from misuse, damage, neglect, unauthorized modification, failure to maintain the correct operating environment or support contracts, or any other circumstances that are beyond the control of Dynetix Design Solutions.
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Related to No Obligation

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Obligation means any principal, interest, penalties, fees, indemnification, reimbursements, costs, expenses, damages and other liabilities payable under the documentation governing any Indebtedness.

  • Retained Obligations shall have the meaning set forth in Section 2.6.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.