Section 47 definition
Examples of Section 47 in a sentence
For purposes of this Section ------- 4.7, any reference to Target shall be deemed to include any corporation at --- least eighty percent (80%) of the outstanding capital stock (by vote or value) of which is owned by Target.
A certificate as to any additional amounts payable to a Lender under this Section ------- 4.7 submitted to the Borrower by such Lender shall show in reasonable detail the --- amount payable and the calculations used to determine in good faith such amount and shall, absent manifest error, be final, conclusive and binding upon all parties hereto.
If under any applicable bankruptcy, insolvency or other similar law, a Participant receives a secured claim in lieu of a setoff to which this Section 4.7 applies, such Participant shall, to the ----------- extent practicable, exercise its rights in respect of such secured claim in a manner consistent with the rights of the other Participant under this Section ------- 4.7 to share in the benefits of any recovery on such secured claim.
Indemnification pursuant to this Section --------------- 4.7 shall be a non-exclusive remedy, and the obligations of the parties under this Section 4.7 shall be in addition to any liability which any party may otherwise have to any other party.