Legal Restriction definition
Examples of Legal Restriction in a sentence
In the event that a change in Legal Requirements should prevent the Fuel Manager from performing any of the FM Services (“Legal Restriction”), then such Legal Restriction shall be treated as a Force Majeure Event and the Parties shall comply with the procedures set forth in Section 10.
None of the Company or its Subsidiaries (a) is subject to any Legal Restriction or (b) is a party to or, to the Knowledge of Seller, is threatened to be made a party to, any action, suit, proceeding, hearing or investigation of, in or before any court or quasi-judicial or administrative agency of any U.S. federal, state, local or non-U.S. jurisdiction or before any arbitrator.
None of the Company or its Subsidiaries (a) is subject to any Legal Restriction or (b) is a party to or, to the Knowledge of the Specified Company Parties of the Company, is threatened to be made a party to, any Legal Action of, in or before any court or quasi-judicial or administrative agency of any U.S. federal, state, local or foreign jurisdiction or before any arbitrator.
Assuming the compliance of Buyer with the provisions of this Agreement, neither the execution and the delivery of this Agreement, nor the consummation of the Transactions, will violate any provision of the organizational documents of the Companies, or to the Knowledge of the Company, violate any Applicable Law or Legal Restriction to which the Companies are subject.
There is no Legal Restriction outstanding or any Legal Action pending or, to NorMedix’s Knowledge, threatened in law or in equity by or before any Governmental Authority involving NorMedix arising out of an allegation of noncompliance with any Health Care Laws or Food and Drug Laws.
The Company (a) is not subject to any outstanding Legal Restriction and (b) is not a party to, and, to Sellers’ Knowledge, is not threatened to be made a party to, any Legal Action by or before any Governmental Authority.
There is no Legal Restriction outstanding or any Legal Action pending or, to ▇▇▇▇▇▇’▇ Knowledge, threatened in law or in equity by or before any Governmental Authority involving ▇▇▇▇▇▇ arising out of an allegation of noncompliance with any Health Care Laws or Food and Drug Laws.
NorMedix (a) is not subject to any outstanding Legal Restriction and (b) is not a party to, and, to NorMedix’s Knowledge, is not threatened to be made a party to, any Legal Action by or before any Governmental Authority.
In the event the Company's repurchase is subject to a Legal Restriction or any restriction imposed by the Articles of Organization or the By-laws of the Company, the Company will use commercially reasonable efforts so as to address any such restriction so the Company is then permitted to make any outstanding repurchases.
There must not have been commenced against any Party any Legal Action or Legal Restriction that reasonably could (x) result in material damages or other relief in connection with the Transactions or adversely affect Parent’s ownership of the shares of Company Stock or operation of the business of the Company and its Subsidiaries or (ii) prevent, delay, make illegal or otherwise interfere with the Transactions.