Common use of Restrictive Measures Clause in Contracts

Restrictive Measures. If any competent authority of the European Union or any of its Member States or the United States of America imposes any restrictive measure affecting the assets of LTI, including its participation in Newco which, even though not affecting such participation, may reasonably be expected to be, directly or indirectly, materially adverse to (i) the business or condition (financial or otherwise) of CF or Pirelli or (ii) the ability of any Party to exercise its rights or perform its obligations under the Shareholders Agreement, then, to the maximum extent legally permitted under any applicable laws, the Parties shall negotiate in good faith the solutions to overcome the situation in the spirit of the provisions set out therein.