Common use of Risk of Government Action Clause in Contracts

Risk of Government Action. The industry in which Company operates is new, and may be subject to heightened oversight and scrutiny, including investigations or enforcement actions. There can be no assurance that governmental, quasi-governmental, regulatory or other similar types of (including banking) authorities will not examine the operations of Company and/or pursue enforcement actions against Company. Such governmental activities may or may not be the result of targeting Company in particular. All of this may subject Company to judgments, settlements, fines or penalties, or cause Company to restructure its operations and activities or to cease offering certain products or services, all of which could harm Company’s reputation or lead to higher operational costs, which may in turn have a material adverse effect on the Stacks Tokens and/or the development of the Blockstack Platform.

Appears in 2 contracts

Samples: Blockstack Token Purchase Agreement (Blockstack Inc.), Blockstack Token Purchase Agreement (Blockstack Token LLC)

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Risk of Government Action. The industry in which the Company operates and the Company Affiliates operate is new, and may be subject to heightened oversight and scrutiny, including investigations or enforcement actions. There can be no assurance that governmental, quasi-governmental, regulatory or other similar types of (including banking) governmental authorities will not examine the operations of the Company and/or the Company Affiliates and/or pursue enforcement actions against Company. Such governmental activities may or may not be the result of targeting Company in particularthem. All of this may subject the Company and/or the Company Affiliates to judgments, settlements, fines or penalties, or cause the Company and/or Company Affiliates to restructure its their operations and activities or to cease offering certain products or services, all of which could harm Company’s the Company and/or the Company Affiliates' reputation or lead to higher operational costs, which may in turn have a material adverse effect on the Stacks Tokens and/or the development of the Blockstack Platformplatform supporting the Tokens.

Appears in 2 contracts

Samples: Token Sale Agreement, Token Sale Agreement

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Risk of Government Action. The industry in which Company operates is new, and may be subject to heightened oversight and scrutiny, including investigations or enforcement actions. There can be no assurance that governmental, quasi-governmental, regulatory or other similar types of (including banking) authorities will not examine the operations of Company and/or pursue enforcement actions against Company. Such governmental activities may or may not be the result of targeting Company in particular. All of this may subject Company to judgments, settlements, fines or penalties, or cause Company to restructure its operations and activities or to cease offering certain products or services, all of which could harm Company’s reputation or lead to higher operational costs, which may in turn have a material adverse effect on the Stacks Blockstack Tokens and/or the development of the Blockstack Platform.

Appears in 2 contracts

Samples: Blockstack Token Purchase Agreement (Blockstack Inc.), Blockstack Token Purchase Agreement (Blockstack Token LLC)

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