Legal Requirement definition
Examples of Legal Requirement in a sentence
To the Knowledge of the Company, no event has occurred with respect to any of the FCC Authorizations that permits, or after notice or lapse of time or both would permit, revocation or termination thereof or that would reasonably be expected to result in any material violation or default, claim of material violation or default of any Legal Requirement with respect to any FCC Authorization or material impairment of the rights of the holder of such FCC Authorization.
In the event that any covenant contained in this Section 7.14 should ever be adjudicated to exceed the time, geographic, product or service or other limitations permitted by applicable Legal Requirement in any jurisdiction, then any court is expressly empowered to reform such covenant, and such covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic, product or service, or other limitations permitted by applicable Legal Requirements.
To the extent any Legal Requirement requires Seller or any of its Affiliates to pay any Transfer Taxes, Parent shall promptly reimburse Seller for such Transfer Taxes.
Parent and Seller shall reasonably cooperate to prepare and timely file any Tax Returns relating to Transfer Taxes, and shall timely pay all Transfer Taxes, unless otherwise required pursuant to any Legal Requirement.
Any such Tax Return shall be prepared on a basis consistent with past practices of the relevant Acquired Company unless Parent notifies Seller in writing that a different position is required pursuant to any Legal Requirement.