Common use of Absence of Final Orders Clause in Contracts

Absence of Final Orders. Each party hereby represents and warrants that, as of the Effective Date, it is not subject to a final order issued by any Federal, State, local or international court of competent jurisdiction or regulatory or law enforcement organization, which will materially impact the party’s ability to fulfill its obligations under this Agreement. Each party shall inform Vendor if at any point during its participation in the Network it becomes subject to such an order; Vendor will inform all Participants if a Participant informs Vendor that the Participant is subject to such an order.