No Governmental Prohibition Clause Samples
The "No Governmental Prohibition" clause ensures that neither party is currently subject to any laws, regulations, or government orders that would prevent them from entering into or performing under the agreement. In practice, this means each party represents that there are no legal restrictions, such as sanctions or prohibitions, imposed by governmental authorities that would make the contract illegal or unenforceable. This clause serves to confirm the legality of the agreement and protects both parties from inadvertently violating government rules, thereby reducing the risk of the contract being voided due to regulatory issues.
POPULAR SAMPLE Copied 2 times
No Governmental Prohibition. No order, statute, rule, regulation, executive order, injunction, stay, decree, judgment or restraining order shall have been enacted, entered, promulgated or enforced by any court or governmental or regulatory authority or instrumentality which prohibits the consummation of the transactions contemplated hereby.
No Governmental Prohibition. The sale of the Securities by the Company shall not be prohibited by any law or governmental order or regulation.
No Governmental Prohibition. The sale of the Shares by the Company and the purchase of the Shares by the Purchaser will not be prohibited by any applicable law or Governmental Authority.
No Governmental Prohibition. The creation or issuance of the Shares by the Company shall not be prohibited by any law or governmental order or regulation.
No Governmental Prohibition. 18 6.06 Consents...........................................................18 6.07
No Governmental Prohibition the issue of the Subscription Securities by the Issuer and the subscription of the Subscription Securities by the Subscriber shall not be prohibited by any law or governmental order or regulation and the Subscriber shall have obtained government approvals or consent for subscription of the Subscription Securities from the Ministry of Commerce, the National Development and Reform Commission, the State Administration of Foreign Exchange, and State-owned Assets Supervision and Administration Commission, if required.
No Governmental Prohibition. The sale and issuance of the Shares by the Company at the Closing shall not be prohibited by any Law or governmental order or regulation consents or approvals, if any, necessary for the sale of the Shares shall have been received.
No Governmental Prohibition. The issue of the Subscription Bond by the Issuer and the subscription of the Subscription Bond by the Subscriber shall not be prohibited by any law or governmental order or regulation.
No Governmental Prohibition. The issue of the Securities by the Company and the subscription of the Securities by the Investor shall not be prohibited by any law or governmental order or regulation.
No Governmental Prohibition. The sale of the Shares by FivePrime shall not be prohibited by any law or governmental order or regulation.