Example ContractsClausesEffect of Repeal
Effect of Repeal
Effect of Repeal contract clause examples

Effect of Repeal. In the event that the provisions of [Sections 280G and 4999]9] of the Code are repealed without succession, Section 9(d) shall be of no further force or effect.

Effect of Repeal. In the event that the provisions of [Sections 280G and 4999]9] of the Code are repealed without succession, Section 9(d) shall be of no further force or effect.

Any amendment, modification or repeal of this Section 7.8 or any provision hereof shall be prospective only and shall not in any way affect the limitations on the Covered Person’s liability to the Partnership and the Limited Partners under this Section 7.8 as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted.

Effect of Repeal. In the event that the provisions of [Sections 280G and 4999]9] of the Code are repealed without succession, Section 9(d) shall be of no further force or effect.

Indemnification. In the event of any amendment, alteration or repeal of the indemnification provisions included in the organizational documents of the Bank as in effect on the Effective Date (the “Charter Documents”) that adversely affects any indemnification right of Executive thereunder, then from and after such amendment, alteration or repeal, Executive shall be entitled to indemnity from the Bank on the same terms and conditions as those contained in the Charter Documents as in effect on the Effective Date, as if such amendment, alteration or repeal had not occurred.

Any amendment, modification or repeal of this Section 6.4 or any provision hereof shall be prospective only and shall not in any way affect the limitations on the General Partner’s liability to the Partnership and the Limited Partners under this Section 6.4 as in effect immediately prior to such amendment, modification or repeal with respect to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when claims relating to such matters may arise or be asserted.

Effect of Repeal or Inapplicability. In the event that the provisions of [Sections 280G and 4999]9] of the Code are repealed without succession, this [Section 7.6] shall be of no further force or effect. Moreover, if the provisions of [Sections 280G and 4999]9] of the Code do not apply to impose the excise tax on payments under this Plan, then the provisions of this [Section 7.6] shall not apply.

Effect of Amendment. Notwithstanding any other provision contained herein, any amendment, modification or repeal of this Section 7.9 or any provision hereof shall be prospective only and shall not in any way affect the limitations on the Managing Member’s liability to the Company and the Non-Managing Members or any other Person bound by this Agreement under this Section 7.8 as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted.

Effect of Repeal. In the event that the provisions of [Sections 280G and 4999]9] of the Code are repealed without succession, Section 9(d) shall be of no further force or effect.

Any amendment, modification or repeal of this [Section 7.8] or any provision hereof shall be prospective only and shall not in any way affect the limitations on the Covered Person’s liability to the Partnership and the Limited Partners under this [Section 7.8] as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted.

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