Common use of Legal and Regulatory Actions Clause in Contracts

Legal and Regulatory Actions. Contractor represents and warrants that it is not aware of and has received no notice of any court or governmental agency proceeding, investigation, or other action pending or threatened against Contractor or any of the individuals or entitiesincluded in numbered paragraph 1 of these Contract Affirmations within the five calendar years immediately preceding execution of this Contract or the submission of any related Proposal contracted or similar goods or services, or otherwise be relevant to the consideration of entering into this Contract. If Contractor is unable to make the preceding representation and warranty, then Contractor instead represents and warrants that it has provided to the Owner a complete, detailed disclosure of any such court or governmental agency proceeding, investigation, or other action that would or could impair performance under this Contract, relate to the contracted or similar goods or services, or otherwise be relevant to the this is a continuing disclosure requirement. Contractor represents and warrants that Contractor shall notify the Owner in writing within five business days of any changes to the representations or warranties in this clause and understands that failure to so timely update the Owner shall constitute breach of contract and may result in immediate termination ofthe Contract.