Government Restriction definition
Government Restriction means any Applicable Law or government order, rule, direction, or requirements or notice of or action taken by any regulatory body, government or public authority, including but not limited to imposing an embargo, or import restriction, quota or other restriction or prohibition, or refusal of any licence, permit or consent;
Government Restriction means the occurrence of the following: (i) changes in applicable laws or governmental regulations shall have occurred which prevent, have prevented or will prevent the Company and all other investor-owned water utilities under similar circumstances, from generating sufficient income Available for Debt Service to comply with the particular requirement of the financing document in question, (ii) the effect upon the Company and all other such utilities under circumstances similar to the circumstances set forth in clause (i) above shall have been confirmed by a signed Consultant's opinion or report delivered to the Trustee, (iii) an Officer's Certificate shall have been delivered to the Trustee stating that the Company has generated the highest level of Income Available for Debt Service which, in the
Examples of Government Restriction in a sentence
Cease LAUSD Government to Lobbying Restriction Government to Industry Restriction Year (1) One Year (2) Two Industry to Government Restriction Varies depending on prior LAUSD contracting Contractors shall certify that they are upholding LAUSD’s revolving door provisions as part of the contracting process.