Order or Decree Clause Samples
The 'Order or Decree' clause defines how the agreement or its obligations are affected if a court or governmental authority issues an order, judgment, or decree that impacts the contract. Typically, this clause outlines the parties' responsibilities in the event that such an order makes performance illegal, impossible, or requires modification of the agreement. For example, if a new regulation prohibits a key activity under the contract, this clause would specify the steps the parties must take, such as suspending performance or renegotiating terms. Its core function is to provide a clear process for addressing legal or regulatory changes that could otherwise disrupt or invalidate the agreement, thereby allocating risk and ensuring compliance.
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Order or Decree. This Agreement may be terminated by Purchaser or the Company if any court of competent jurisdiction in the United States or other U.S. governmental body shall have issued an order, decree, ruling or taken any other action restraining, enjoining or otherwise prohibiting in any material respects the transactions contemplated hereby and such order, decree, ruling or other action shall have become final and nonappealable.
Order or Decree. This Agreement may be terminated by Wireless or the Company if any court of competent jurisdiction in the United States or other U.S. governmental body shall have issued an order, decree, ruling or taken any other action restraining, enjoining or otherwise prohibiting in any material respects the transactions contemplated hereby and such order, decree, ruling or other action shall have become final and nonappealable.
Order or Decree. At the time of execution of this Agreement and at the Closing Time, no order or decree preventing the use of the Offering Memorandum or any amendment or supplement thereto, or any order asserting that the transactions contemplated by this Agreement are subject to the registration requirements of the 1933 Act shall have been issued and no proceedings for that purpose shall have been commenced or shall be pending or, to the knowledge of the Company, be contemplated. No stop order suspending the sale of the Securities in any jurisdiction designated by the Initial Purchaser shall have been issued and no proceedings for that purpose shall have been commenced or shall be pending or, to the knowledge of the Company, shall be contemplated.
Order or Decree. By Buyer or the Sellers if any Governmental Entity having jurisdiction over any Party or the transactions contemplated hereby shall have issued an order or decree restraining, enjoining or otherwise prohibiting the consummation of this Agreement or the transactions contemplated hereby.
Order or Decree. By either party, if a court of competent jurisdiction or governmental, regulatory or administrative agency or commission having jurisdiction over the Parties and the Agreement shall have issued a valid order, decree or ruling or taken any other valid action, in each case permanently restraining, enjoining or otherwise prohibiting the transaction contemplated by this Agreement and such valid order, decree, ruling or other action shall have become final and nonappealable;
Order or Decree. This Agreement may be terminated by the --------------- Purchaser or the Company if any Governmental Authority shall have issued an order, decree, ruling or taken any other action restraining, enjoining or otherwise prohibiting in any material respects the transactions contemplated hereby and such order, decree, ruling or other action shall have become final and nonappealable. If any filing is required in connection with this Agreement under the HSR Act, a delay caused by a request for additional information in connection with such filing shall not constitute a basis upon which to terminate this Agreement pursuant to this Section 612.
Order or Decree. The obligations of the parties hereto to consummate the Second Closing may be terminated by any Purchaser or the Company if any Governmental Authority shall have issued an order, decree, ruling or taken any other action restraining, enjoining or otherwise prohibiting in any material respects the transactions contemplated hereby and such order, decree, ruling or other action shall have become final and nonappealable.