Legally Permitted Clause Samples
The "Legally Permitted" clause defines that actions, obligations, or rights outlined in the agreement are only required or allowed to the extent that they are not prohibited by applicable law. In practice, this means that if a particular provision or activity would violate local, state, or federal regulations, the parties are not obligated to perform it, and the agreement is interpreted to comply with the law. This clause ensures that the contract remains enforceable and that neither party is forced to act illegally, thereby protecting both parties from inadvertently breaching the law.
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Legally Permitted. For purposes of this Appendix C, "legally permitted" means permitted under the laws of the country, the labor union, works council, or collective agreement without adverse consequences to PepsiCo, TRICON or Transferred Individuals, as determined by PepsiCo, in its sole discretion, including mandated waiting periods before which working conditions (including benefits) cannot be changed, and upon receiving required agreement from individual employees and/or Plan trustees, foundation boards and members, and any other organizations having a recognized right to determine or affect benefits and/or funding of the Plan.
Legally Permitted. For purposes of this Appendix D, "legally permitted" means permitted under the laws of the country, the labor union, works council, or collective agreement without adverse consequences to NSI, Spinco or Transferred Individuals, as determined by NSI, in its sole discretion, including mandated waiting periods before which working conditions (including benefits) cannot be changed, and upon receiving required agreement from individual employees and/or Plan trustees, foundation boards and members, and any other organizations having a recognized right to determine or affect benefits and/or funding of the Plan.
Legally Permitted. For purposes of this Appendix C, "legally permitted" means permitted under the laws of the country, the labor union, works council, or collective agreement without adverse consequences to Equifax, Certegy or Transferred Individuals, as determined by Equifax, in its sole discretion, including mandated waiting periods before which working conditions (including benefits) cannot be changed, and upon receiving required agreement from individual employees and/or Plan trustees, foundation boards and members, and any other organizations having a recognized right to determine or affect benefits and/or funding of the Plan.
Legally Permitted. For purposes of this Schedule II, "
Legally Permitted. At the Closing, the sale and issuance by the Company, and the purchase by the Purchaser, of the Securities shall be legally permitted by all laws and regulations to which the Purchaser or the Company is subject.
Legally Permitted. 6 1.68 LESOP...................................................... 7 1.69