Governmental Proceeding; Litigation Clause Samples
The 'Governmental Proceeding; Litigation' clause outlines the obligations and procedures that parties must follow if they become involved in legal actions or investigations initiated by government authorities or third parties. Typically, this clause requires prompt notification to the other party if such proceedings arise, and may specify cooperation requirements, information sharing, or the allocation of responsibility for legal costs. Its core function is to ensure transparency and coordinated response between parties when facing legal or regulatory challenges, thereby minimizing risk and confusion during potentially disruptive events.
Governmental Proceeding; Litigation. Except for the Consent Agreement dated January 9, 2002 entered into by Loral Space & Communications Ltd. with the U.S. Department of State, any order of the Bankruptcy Court that may be issued approving this Agreement and any export control approvals, licenses, technical assistance or other similar agreements obtained to date or required by applicable law, there is not in effect any judgment, order, writ, decree, stipulation or injunction by or with any governmental entity to which it or any of its Affiliates is party or by which it or any of its Affiliates or any properties or assets of any of the foregoing is bound, and which relates to or affects this Agreement or the transactions contemplated hereby, and neither it nor any of its Affiliates is party to, engaged in or, to its Knowledge, threatened with any Action which relates to or affects this Agreement or the transactions contemplated hereby, and, to its Knowledge, no event has occurred and no condition exists which could reasonably be expected to result in any such Action. Neither it nor any of its Affiliates is in default under or with respect to any judgment, ruling, order, writ, decree, stipulation or injunction of the type described in this Paragraph.
Governmental Proceeding; Litigation. There is not in effect any judgment, order, writ, decree, stipulation or injunction by or with any governmental entity to which it or any of its Affiliates is party or by which it or any of its Affiliates or any properties or assets of any of the foregoing is bound, and which relates to or affects this Agreement or the transactions contemplated hereby, and neither it nor any of its Affiliates is party to, engaged in or, to its Knowledge, threatened with any Action which relates to or affects this Agreement or the transactions contemplated hereby, and, to its Knowledge, no event has occurred and no condition exists which could reasonably be expected to result in any such Action. Neither it nor any of its Affiliates is in default under or with respect to any judgment, ruling, order, writ, decree, stipulation or injunction of the type described in this Paragraph.