Common use of Illegality or Impossibility Clause in Contracts

Illegality or Impossibility. If a Change in Law renders this Agreement, or either Party’s performance or obligations pursuant to this Agreement either illegal or impossible, then the affected Party may terminate this Agreement immediately upon Notice to other Party. In the event of termination pursuant to this Section 11.2(b), neither Party shall be liable for any payment, damages or penalty as a result of such termination, except with respect to liabilities accrued prior to the date of termination.

Illegality or Impossibility. If a Change in Law renders this Agreement, or either Party’s performance or obligations pursuant obligationspursuant to this Agreement either illegal or impossible, then the affected Party may terminate this Agreement immediately upon Notice to other Party. If an affected Party intends to terminate this Agreement pursuant to this Section 11.2(b), such Party shall endeavor to provide as much Notice to the other Party as is reasonably practicable under the circumstances. In the event of termination pursuant to this Section 11.2(b), neither Party shall be liable for any payment, damages or penalty as a result of such termination, except with respect to liabilities accrued prior to the date of termination.