Common use of Certain Governmental Actions Clause in Contracts

Certain Governmental Actions. At any time during the Period of Performance, any Governmental Authority: (a) lawfully condemns or assumes custody of all of the property or assets (or a substantial part thereof) of any Recipient Party; or (b) takes lawful action to displace the management of any Recipient Party.

Appears in 2 contracts

Sources: Funding Agreement (Micron Technology Inc), Funding Agreement (Micron Technology Inc)

Certain Governmental Actions. At any time during the Period of Performance, any Performance Any Governmental Authority: (a) lawfully condemns or assumes custody of all of the property or assets (or a substantial part thereof) of any Recipient Party; or (b) takes lawful action to displace the management of any Recipient Party.

Appears in 1 contract

Sources: Funding Agreement (Infinera Corp)