Examples of Legislative action in a sentence
Therefore, we assume for purposes of this letter that any Impairment resulting from a challenged Legislative Action would be substantial under the Federal Contract Clause.
Thus, absent such a waiver, money damages would be unavailable to redress the harm to the Bondholders from the Legislative Action.
To obtain a preliminary injunction, Bondholders would have to prove that enforcement of the Legislative Action caused harm to them, such as loss of expected payments or loss of bond value.
If scheduled payments are disrupted or bond values are depressed by Legislative Action before a trial on the merits, then the Bondholders can prove immediate harm.
Again, however, the presence of likely harm is what makes the Legislative Action an Impairment in the first place.