Green River Sample Clauses

The Green River clause is a contractual provision that allows a party to terminate or suspend the agreement if certain regulatory approvals or conditions are not met. In practice, this clause is often used in contracts that require government or third-party consent, such as real estate transactions or mergers, where the deal cannot proceed without official authorization. Its core function is to protect parties from being bound to a contract that cannot be legally completed, thereby allocating risk and ensuring that obligations only arise if all necessary approvals are secured.