Legal Constraints. No statute, rule, regulation, executive order, decree, temporary restraining order, preliminary or permanent injunction or other order enacted, entered, promulgated, enforced or issued by any Governmental Authority, or other legal restraint or prohibition preventing the consummation of the transactions contemplated hereby shall be in effect.
Legal Constraints. The EC and/or the German regulatory authority’s ability to use the amended Directive to impose changes in respect of the operation of NS2, that would result in restrictive regulatory treatment and have negative commercial impact, would be limited by legal constraints reflected in general principles of EU law, such as legal certainty and protection of legitimate expectations, non-discrimination, non- retroactivity.75 First, the EC initially proposed amending the Gas Directive in November 2017 – more than two years after a decision to proceed with NS2 had been made.76 By the time the amendment is expected to enter into force (in July 2019), at least half of NS2 will have been built.77 Application of the Gas Directive to a 69 Xxxxxx (2018a). 70 For example, in July 2018 a decision was made (under the Austrian presidency of the Council) to postpone discussion of the amendment until after the trilateral talks will have taken place on the 17th July 2018 presumably not to jeopardise the talks, see ‘European Commission will not annoy Gazprom prior to the start of negotiations with Ukraine’, Vedomosti, 5 July 2018. However, in January 2019 the opposite decision was made (under the Romanian presidency) to accelerate the discussion of the amendment in the run up to the talks taking place on the 21st January 2019, presumably to see whether an increased likelihood of the amendment could bring parties’ positions closer. Both July 2018 and January 2019 rounds ended in failure, with no further talks expected until May 2019. 71 As noted above, media reports suggest that the EC wants Gazprom to conclude a ten-year contract, but under EU law Gazprom has a right to book capacity on an annual basis, and is not obliged to conclude a longer term contract. 72 News conference following Russian-Bulgarian talks, 30 May 2018; Joint news conference with president of Serbia Xxxxxxxxxx Xxxxx, 17 January 2019. 73 ‘Запасы России: когда закончатся нефть и газ?’ Xxxxxx.Xx, 26 February 2019 (in Russian). 74 ‘Замглавы МИД Xxxxxxxxx Xxxxxx: о полной де-долларизации речь не может идти’, RIA Novosti, 7 February 2019 (in Russian). 75 Talus (2019). 76 According to Gazprom’s website, the decision to proceed with NS2 was made in 2015 whereas various technical and economic feasibility studies in respect of the project were conducted even earlier. 77 According to Gazprom, by early March 2019 overall 818 km (out of 1, 230*2 km) had been built (both strings are under construction whereas the first strin...
Legal Constraints. The Parties recognize the legal constraints imposed upon them by the constitutions, statutes, and regulations of the State of Colorado and of the United States and imposed upon the Parties by their respective local laws, including, charters and local codes. Subject to such constraints, the Parties intend to carry out the terms and conditions of this Agreement. Notwithstanding any other provision in this Agreement to the contrary, in no event shall either of the Parties exercise any power or take any action which shall be prohibited by applicable law.
Legal Constraints. There shall not have been issued and be in effect ----------------- any injunction, order, decree or judgment of any court or tribunal of competent jurisdiction, or enactment or promulgation of any applicable statute, rule or regulation by any governmental or regulatory authority, prohibiting the consummation of the transactions contemplated by this Agreement or which has the potential to materially adversely affect the value of the Assets or the right of Buyer to own and operate Sellers business or to own and operate Buyer's businesses.
Legal Constraints. Notwithstanding the provisions of Article V hereof, the City shall have no obligation to cause a Blight Remediation Grant to be paid to the Developer if at any time during the term hereof the City receives an opinion from a court of competent jurisdiction to the effect that the use of the 2016A bond proceeds to fund a Blight Remediation Grant to the Developer in support of the Project as an urban renewal project in the Urban Renewal Area, as contemplated in this Agreement, is not authorized or otherwise an appropriate urban renewal activity permitted to be undertaken by the City under the Urban Renewal Act or other applicable provisions of the Code, as then constituted. Upon receipt of such an opinion, the City shall promptly forward a notice of the same to the Developer. If the circumstances or legal constraints continue for a period of two (2) years, the City may terminate this Agreement, without penalty or other liability to the Developer, by written notice to the Developer.
Legal Constraints. The parties recognize the legal constraints imposed upon them by the constitutions, statutes, and regulations of the State of Colorado and of the United States, and imposed upon Loveland by its Charter and Municipal Code, and, subject to such constraints, the parties intend to carry out the terms and conditions of this Agreement. Notwithstanding any other provision in this Agreement to the contrary, in no event shall either of the parties exercise any power or take any action which shall be prohibited by applicable law.
