Governmental Investigation Clause Samples
A Governmental Investigation clause outlines the obligations and procedures that parties must follow if a government agency initiates an inquiry or investigation related to the agreement or its subject matter. Typically, this clause requires prompt notification to the other party, cooperation with authorities, and the sharing of relevant information or documents. Its core function is to ensure transparency and coordinated response during official investigations, minimizing legal risks and maintaining compliance with regulatory requirements.
Governmental Investigation. The occurrence of (i) any investigation or seizure made by any Governmental Authority for an actual or alleged violation or breach of Law by the Borrower, or by any director or executive officer thereof that could reasonably be expected to have a Material Adverse Effect or (ii) a revocation, suspension or termination of any license, permit or approval held by the Borrower or any director or executive officer thereof that could reasonably be expected to have a Material Adverse Effect;
Governmental Investigation. Except as shown on Schedule 2.7, -------------------------- ------------ no investigations for claims against (i) any of the Companies, the Seller, the business of the Companies, or the facilities of the Companies, or (ii) to the best knowledge of the Seller, any of the employees of the facilities of the Companies, are pending or threatened by any governmental agency or instrumentality; and
Governmental Investigation. Subject in all cases to Section 11.20 and to the extent permitted by applicable Requirements of Law (i) at the request of the Administrative Agent, management of the Loan Parties and the Administrative Agent shall conduct telephonic meetings to be attended by the respective management representatives of the Loan Parties and the Administrative Agent and their respective representatives, at which meeting the Loan Parties shall present an update on the status of all Governmental Investigations of the Group Members and answer any questions regarding such Governmental Investigations and (ii) the Loan Parties shall promptly, and in any event within three (3) Business Days after any officer of such Loan Party has knowledge thereof or after receipt or delivery thereof, as applicable, provide the Administrative Agent with (A) notice of any material development in any Governmental Investigation, (B) copies of all material documents received from any Governmental Authority, including the Securities and Exchange Commission, the Federal Communications Commission, the Department of Justice and any other securities exchange and (C) copies of all documents related to any Governmental Investigation; provided that the Loan Parties reserve the right to exclude information or documents if the Loan Parties reasonably believe upon advice of counsel that such exclusion is necessary to preserve the attorney-client privilege or to protect attorney-work product.
Governmental Investigation. The term “
Governmental Investigation. Seller (a) acknowledges that Buyer's ability to obtain and maintain all Permits necessary to develop and operate the Project depends in part upon the completion from time to time to the satisfaction of all relevant Governmental Authorities, including without limitation the Missouri Gaming Commission, of a thorough background investigation and evaluation of Seller, all shareholders, partners and other Persons with any financial interest or management role in Seller, and all employees of Seller, which investigation and evaluation may concern the character, reputation and criminal records of such Persons; (b) agrees to cooperate with Buyer to furnish or cause to be furnished all information and to take or cause to be taken all actions necessary or expedient to the achievement from time to time of such satisfactory completion; (c) agrees to promptly notify Buyer in writing of the occurrence of any changes in the record or beneficial ownership of any Stock of any of the entities comprising Seller, which notice shall specify the name of the entity, the nature of the change or transaction causing the change, the quantity of Stock involved, and the names and addresses of all parties to the change or transaction causing the change; and (d) agrees that, if Buyer is informed, orally or in writing, through formal notification or otherwise, that any such Person's interest in or involvement with Seller may or could delay or jeopardize the ability of Buyer or any Affiliate of Buyer to obtain or maintain any Permit related to the Project or otherwise, Buyer shall notify Seller thereof, and, to the extent permitted by the Missouri Gaming Commission and/or other Governmental Authority, Seller shall have thirty (30) days after receipt of such notice in which to try to convince the Missouri Gaming Commission and/or other Governmental Authority that such Person's interest does not need to be terminated and should not delay or jeopardize the ability of Buyer or any Affiliate of Buyer to obtain or maintain any Permit related to the Project or otherwise. Buyer agrees to provide Seller with such information as is made available to Buyer concerning the reasons why the Missouri Gaming Commission and/or other Governmental Authority wants such Person's interest terminated or why such Person's interest in or involvement with Seller may or could delay or jeopardize the ability of Buyer or any Affiliate of Buyer to obtain or maintain any Permit related to the Project or otherwise; provid...
Governmental Investigation. To the Secured Parties in writing, promptly upon obtaining knowledge thereof, notice of the commencement of any investigation by a Governmental Authority of the Borrower (including, without limitation, any non-routine FAA audit of the Borrower) which could be expected to result in a Material Adverse Effect.
Governmental Investigation. Neither Company nor Seller has received any oral or written notice from any Governmental Authority related to any inquiry, investigation or audit of any Employee Benefit Plan or Non-ERISA Plan.