Legal Restraint

Example Definitions of "Legal Restraint"
Legal Restraint. Default Interest Rate means, (i)the principle that fair compensation may be granted or denied in accordance with the discretion of the court; (ii)in relation to bankruptcy, reorganization and other legal events that may generally affect creditors, the laws that enforce the performance of priority obligations; (iii)statutory limitation period of legal restrictions; (iv)defense for set-off and counterclaims; and (v)any other restriction or reservation under any other generally applicable law... set out in the legal opinion delivered to the Facility Agent under this Agreement. View More
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