Common use of STATUTORY PROHIBITION Clause in Contracts

STATUTORY PROHIBITION. No written or published statute, rule, regulation or order shall have been enacted, entered or deemed applicable by any domestic or foreign government or governmental or administrative agency or court which would make the transaction contemplated by this Agreement illegal.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Transtechnology Corp), Asset Purchase Agreement (Oxford Automotive Inc)

STATUTORY PROHIBITION. No written or published statute, rule, regulation or order shall have been enacted, entered or deemed applicable by any domestic or foreign government or governmental or administrative agency or court which would make the transaction transactions contemplated by this Agreement illegal.

Appears in 1 contract

Sources: Asset Purchase Agreement (Madge Networks Nv)