And obviously, all this is subject to the usual carve-outs around any escalations in the macro world.

Source: https://seekingalpha.com/article/4610346-wizz-air-holdings-plc-wzzaf-q4-2023-earnings-call-transcript?source=feed_all_articles

As anti-transgender legislation has swept the country — with lawmakers in many states preventing minors from undergoing gender-affirming care — carve-outs have been allowed for surgeries on intersex children to continue.

Source: https://www.mycentraloregon.com/2023/07/19/amid-transgender-care-bans-exceptions-made-for-surgery-on-intersex-children/

OLYMPIA — A panel scrutinizing carve-outs to Washington’s government transparency laws saw one of its members resign Tuesday, frustrated that the Legislature disregards recommendations on making public records more accessible.

Source: https://www.columbian.com/news/2023/mar/01/member-of-washingtons-sunshine-committee-quits-cites-lawmaker-inaction/

Prime Minister Justin Trudeau: “There will absolutely not be any other carve-outs or suspensions of the price on pollution.

Source: https://globalnews.ca/news/10071179/the-west-block-episode-8-season-13/

We finance our property on an asset-by-asset basis, and our debt is nonrecourse, subject to limited standard carve-outs and is not cross-collateralized.

Source: https://seekingalpha.com/article/4588124-clipper-realty-inc-clpr-q4-2022-earnings-call-transcript?source=feed_all_articles

Workplace relations minister Tony Burke said the carve-outs would minimise the regulatory workload on small firms.

Source: https://thenewdaily.com.au/finance/small-business/2023/09/03/small-biz-workplace-exemptions/