SECURITY LAW VIOLATIONS Clause Samples
The 'Security Law Violations' clause defines the responsibilities and consequences related to breaches of securities laws within an agreement. It typically outlines what constitutes a violation, such as insider trading or misrepresentation of material information, and may specify the remedies or penalties that apply if a party is found to have violated such laws. This clause serves to protect all parties by ensuring compliance with applicable securities regulations and allocating liability in the event of unlawful conduct, thereby reducing legal and financial risks associated with securities law infractions.
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SECURITY LAW VIOLATIONS. Each party shall immediately advise the other of any action or fact whatsoever which comes to such party’s knowledge, which may possibly constitute a material violation of any securities laws or regulations with respect to the Company or the Contractor and Manager. Each party shall promptly notify the other of any past, present or future investigations or inquiries by governmental agencies and will send to the other party copies of all correspondence sent to or received from such governmental agencies as and when sent or received.