No Order; Injunctions; Restraints; Illegality Sample Clauses
The 'No Order; Injunctions; Restraints; Illegality' clause defines how the parties will handle situations where a court order, injunction, legal restraint, or a finding of illegality affects the agreement. Typically, this clause outlines the steps to be taken if any part of the contract becomes unenforceable due to legal prohibitions or if a party is prevented from performing its obligations by a court order. For example, if a new law makes a contract term illegal, this clause may specify that the affected provision is suspended or modified, while the rest of the agreement remains in force. Its core function is to ensure that the contract can adapt to legal changes or judicial actions, minimizing disruption and clarifying the parties' rights and obligations in such events.
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No Order; Injunctions; Restraints; Illegality. No Governmental Entity shall have enacted, issued, promulgated, enforced or entered any statute, rule, regulation, executive order, decree, injunction, order or other legal restraint (whether temporary, preliminary or permanent) which is in effect and which has the effect of making the Merger illegal or otherwise prohibiting or preventing consummation of the Merger.