Governmental Restriction Sample Clauses
A Governmental Restriction clause defines how contractual obligations are affected if government actions, laws, or regulations prevent or limit a party’s ability to perform under the agreement. Typically, this clause outlines the steps parties must take if such restrictions arise, such as notifying the other party or suspending certain obligations until the restriction is lifted. Its core function is to allocate risk and provide a clear process for handling situations where compliance with the contract becomes impossible or illegal due to government intervention.
Governmental Restriction. There shall not be any pending or overtly threatened suit, action or proceeding asserted by any Governmental Entity (i) challenging or seeking to restrain or prohibit the consummation of the Mergers or any of the other transactions contemplated hereby the effect of which restraint or prohibition if obtained would cause the condition set forth in Section 9.1(c) not to be satisfied, or (ii) seeking to require Parent, any Parent Subsidiary, the Company or any Company Subsidiary to effect any Action of Divestiture which would have the effect set forth in clause (ii) of the first sentence of Section 8.12(e).
Governmental Restriction. Annex A(a) Including ................................................................8.8(b)
Governmental Restriction. If, prior to the Commencement Date, the performance of this Agreement pursuant to the terms hereof has been prohibited by any court, governmental or regulatory body with jurisdiction over Orion and such prohibition is no longer subject to further proceedings or review at any administrative or judicial level and no stay has been granted or request for stay is pending;
Governmental Restriction. There shall be any pending or threatened suit, action or proceeding asserted by any Governmental Entity challenging or seeking to restrain or prohibit the consummation any of the Transaction.
Governmental Restriction. There shall not be any pending or overtly threatened suit, action or proceeding asserted by any Governmental Authority (i) challenging or seeking to restrain or prohibit the consummation of the Merger or any of the transactions contemplated hereby, the