No Governmental Intervention Sample Clauses
The "No Governmental Intervention" clause serves to protect the parties from adverse effects caused by actions or interference from government authorities. Typically, this clause states that neither party will be held liable or in breach of contract if performance is delayed or prevented due to government actions such as new regulations, embargoes, or other official interventions. By including this provision, the contract allocates the risk of unforeseen governmental interference, ensuring that neither party is unfairly penalized for circumstances beyond their control.
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No Governmental Intervention. None of the parties to this Agreement or their Affiliates shall have received written notice from any Governmental Authority after the date hereof (or before the date hereof to the extent not disclosed by the Granite Group to Buyer in this Agreement and the Schedules attached hereto) of: (i) its intention to institute any action or proceeding to restrain or enjoin or nullify or render ineffective this Agreement or the transactions contemplated hereby if consummated, or commence any investigation into the consummation of this Agreement and the transactions contemplated hereby; or (ii) the actual commencement of such an investigation; provided, that, subject to the provisions of Section 3.2 hereof, in the event such a notice of intention is received or such an investigation is commenced, this Agreement may not be terminated by any of the parties for a period of thirty (30) days from the earlier of the date such notice of intention is first received by any party to this Agreement or notice of commencement of such an investigation is first received by any party hereto (but consummation hereof shall be delayed during such period), but may be terminated thereafter by any party to this Agreement if, in the reasonable opinion of such party there is a reasonable probability that such an investigation will result in an action or proceeding of the type described in Section 7.2.5(a).
No Governmental Intervention. None of the parties to this Agreement or their Affiliates shall have received written notice from any Governmental Authority of: (i) its intention to institute any action or proceeding to restrain or enjoin or nullify or render ineffective this Agreement or the transactions contemplated hereby if consummated, or commence any investigation into the consummation of this Agreement and the transactions contemplated hereby; or (ii) the actual commencement of such an investigation.
No Governmental Intervention. No Governmental Authority shall have instituted any action or proceeding to restrain or enjoin or nullify or render ineffective this Agreement or the transactions contemplated hereby if consummated.
No Governmental Intervention. None of the parties to this Agreement or their Affiliates shall have received written notice from any Governmental Authority of: (i) its intention to institute any action or proceeding to restrain or enjoin or nullify or render ineffective this Agreement or the transactions contemplated hereby if consummated, or commence any investigation into the consummation of this Agreement or the transactions contemplated hereby; or (ii) the actual commencement of such an investigation; provided, that, subject to the provisions of Section 3.2 hereof, in the event such a notice of 75 intention is received or such an investigation is commenced, this Agreement may not be terminated by any of the parties for a period of thirty (30) days from the earlier of the date such notice of intention is first received by any party to this Agreement or notice of commencement of such an investigation is first received by any party hereto (but consummation hereof shall be delayed during such period), but may be terminated thereafter by any party to this Agreement if, in the reasonable opinion of such party there is a reasonable probability that such an investigation will result in an action or proceeding of the type described in Section 7.1.4(a).