No Illegality Clause Samples
The No Illegality clause ensures that neither party is required to perform any obligation under the contract that would be illegal or contrary to applicable laws or regulations. In practice, this means that if a change in law or regulation renders a contractual obligation unlawful, the affected party is excused from performing that specific obligation. This clause serves to protect both parties from inadvertently breaching the law and helps maintain the enforceability of the contract by preventing illegal actions.
POPULAR SAMPLE Copied 1 times
No Illegality. No change shall have occurred after the execution and delivery of this Agreement in applicable law or regulations thereunder or interpretations thereof by regulatory authorities that, in the opinion of the Lessee or its counsel, would make it illegal for the Lessee to enter into any transaction contemplated by the Operative Agreements.
No Illegality. No Law shall have been enacted, entered, promulgated, issued, adopted, decreed or otherwise implemented and remain in effect that prohibits or makes illegal consummation of the Acquisition.
No Illegality. There shall not have been any action taken, and no Applicable Laws shall have been enacted, by any Governmental Entity since the date hereof that would prohibit or materially restrict the consummation of the Transactions.
No Illegality. No change shall have occurred after the execution and delivery of this Agreement in applicable law or regulations thereunder or interpretations thereof by regulatory authorities that, in the opinion of any Participant, the Policy Provider or their respective counsel, would make it illegal for such Participant or the Policy Provider, as the case may be, to enter into any transaction contemplated by the Operative Agreements or the Pass Through Documents.
No Illegality. No law or regulation shall be applicable in the judgment of the Agent or the Board that restrains, prevents or imposes materially adverse conditions upon the transactions contemplated hereby.
No Illegality. No applicable Law shall have been enacted, entered, enforced, issued or put in effect that prohibits or makes illegal the consummation of the Merger.
No Illegality. It shall not have become illegal under any statute, rule, order or regulation of United States, any state, or any local or foreign government or any agency thereof, for Buyer to perform the transactions contemplated by this Agreement.
No Illegality. No statute, rule, regulation, order or decree of a Governmental Body shall have been enacted, entered, promulgated and remain in effect that prohibits or makes illegal consummation of the transactions contemplated hereby.
No Illegality. There shall not be in effect any applicable Law enjoining, restraining, enjoining or otherwise prohibiting or making illegal the consummation of any of the transactions contemplated under Section 2.2.
No Illegality. There shall not be in effect any statute, rule, or regulation which makes it illegal for the Sellers to consummate the transactions contemplated herein, or any order, decree, or judgment which enjoins the Seller from consummating the transactions contemplated herein.