Restricted Party definition
Examples of Restricted Party in a sentence
Notwithstanding the foregoing, without the Lead Securitization Noteholder’s prior consent, which may be withheld in the Lead Securitization Noteholder’s sole and absolute discretion, no Note B Holder shall Transfer all or any portion of its Note to a Borrower Restricted Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee.
The Controlling Noteholder Representative may be any Person (other than a Borrower Restricted Party), including, without limitation, the Controlling Noteholder, any officer or employee of the Controlling Noteholder, any Affiliate of the Controlling Noteholder or any other unrelated third party.
Charterers shall not use the Vessel to export, re-export, transfer divert, trade, ship, import, transport, store, sell, deliver or re-deliver any cargo on-board to a Restricted Jurisdiction or a Restricted Party, unless specifically authorised to do so in writing by Owners.
If Company becomes a Restricted Party during the term of this Agreement, the Licensed Rights shall terminate immediately without notice and Company shall have no further rights to use the Licensed System.