Examples of Restricted Action in a sentence
Notwithstanding anything to the contrary contained in this Section 7(d), Servicer shall not be required to take any Restricted Action or cause an Access Restriction.
Nonetheless, Newco or any of its Subsidiaries may take a Restricted Action if Vornado consents in writing to such Restricted Action, or if Newco provides Vornado with Satisfactory Guidance concluding that such Restricted Action will not alter the Tax-Free Status of the Vornado Contribution of OP Units and the Vornado Distribution in respect of Vornado or Vornado’s shareholders.
The Authority will not terminate or deliver any notice terminating the Project Agreement, or take any Restricted Action, during any Notice Period, provided however that until the expiry of that period the Authority will be entitled to require Project Co to remedy any Project Co Event of Default and will be entitled to exercise all rights under the Project Agreement other than termination of the Project Agreement.
Restricted Stocks Plan Within the scope of the Restricted Action Plan, the Board of Directors or the Committee, as the case may be, observing the long-term commitment objectives and the established limits, shall be competent to establish, at each grant (carried out through specific Programs), the grace periods for receiving restricted shares, in addition to other conditions that may be determined by the Board of Directors in the respective Programs.
In addition to any obligations to cooperate contained in Section 7.01, if Spinco notifies Pluto that it desires to take a Restricted Action, Pluto and Spinco shall reasonably cooperate to attempt to obtain Legal Comfort with respect to the Restricted Action, unless Pluto shall have waived the requirement to obtain such Legal Comfort.