Examples of Legal Impediment in a sentence

No Legal Impediment shall have occurred; provided that the Company, in its sole discretion, may waive (in whole or in part) any failure by the Purchaser to perform its covenants and other obligations hereunder or any of the foregoing additional conditions.
Legal Impediment: Where it is necessary for the minister to ascertain whether there is any legal impediment to the marriage, this should take place before the declaration of consent.
If as a result of a Legal Impediment, the Bank shall incur Breakage Costs in converting from a LIBOR Loan, then the Company shall pay all such Breakage Costs to the Bank promptly upon its demand therefor for its account.
No Closing Legal Impediment shall be in effect, provided, however, that prior to asserting this condition Sellers shall have taken all actions required by Section 7.3 to prevent the occurrence or entry of any such Closing Legal Impediment and to remove or appeal as promptly as possible any such Closing Legal Impediment.
No Closing Legal Impediment shall be in effect; provided, however, that prior to asserting this condition Sellers shall have taken all actions required by Section 7.2 to prevent the occurrence or entry of any such Closing Legal Impediment and to remove or appeal as promptly as possible any such Closing Legal Impediment.

More Definitions of Legal Impediment

Legal Impediment means a legal impediment preventing or restricting the transfer of a DMRC Asset or the assumption of a DMRC Liability, as the case may be, in the Restructuring as listed on Schedule 1.01 (Legal Impediments).

Legal Impediment means a legal impediment preventing or restricting the transfer of an Asset or the assumption of an Assumed Liability, as the case may be, as of the Closing Date.

Legal Impediment means a legal impediment, restraint or prohibition which is in effect and has the effect of preventing, restricting or otherwise prohibiting the transfer of a Generation Asset or the assumption of a Generation Liability, as the case may be, as of the Closing Date.

Legal Impediment shall include, without limiting the generality of the following, (A) restrictions on account of applicable corporate or creditors' rights laws or contractual commitments and covenant obligations to lending institutions or other third parties and (B) a good faith determination by the Board of Directors of the Corporation that sufficient funds are not available to the Corporation to purchase the Shares. The Corporation covenants and agree to use commercially reasonable efforts to obtain any consents or waivers from third parties that may be necessary in order to eliminate or waive any Legal Impediment which could otherwise prevent the Corporation from purchasing the Shares; provided, that the Corporation shall not be required in order to obtain any such consent or waiver to incur any third party expense or enter into any unfavorable modification of any existing agreement. The Corporation's obligation to acquire the Shares (if not already purchased pursuant to the provisions of this Paragraph 8) shall resume upon the cessation of a Legal Impediment.

Legal Impediment means a legal impediment preventing or restricting the transfer of a Exchangeco Subsidiary Asset or the assumption of a Exchangeco Subsidiary Liability, as the case may be, as of the Closing Date.

Legal Impediment means a restriction which prevents separate metering, rewiring, or repiping due to zoning ordinances which limit the number or type or location of meters in a building or due to the historical significance of the structure or such other legal restrictions as determined by the commission in its rules.

Legal Impediment has the meaning set forth in Section 9.02.