Common use of No Change in Law Clause in Contracts

No Change in Law. No Law, Order or Tax that was not in force as of the date of the execution of the Prior Agreement or this Agreement shall have been adopted or imposed (or shall be reasonably imminent in being adopted or imposed), and no increase in rates of taxation shall have occurred (or shall be reasonably imminent in occurring) after the date of execution of the Prior Agreement or this Agreement, that, in any such event, would reasonably be expected to result in any Material Adverse Effect.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Rio Vista Energy Partners Lp), Purchase and Sale Agreement (Penn Octane Corp)

No Change in Law. No Law, Order or Tax that was not in force as of the date of the execution of the Prior Agreement or this Agreement shall have been adopted or imposed (or shall be reasonably imminent in being adopted or imposed), and no increase in rates of taxation shall have occurred (or shall be reasonably imminent in occurring) after the date of execution of the Prior Agreement or this Agreement, that, in any such event, would reasonably be expected to result in any Material Adverse Effect.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Rio Vista Energy Partners Lp), Purchase and Sale Agreement (Penn Octane Corp)

No Change in Law. No Law, Order or Tax that was not in force as of the date of the execution of the Prior Agreement or this Agreement shall have been adopted or imposed (or shall be reasonably imminent in being adopted or imposed), and no increase in rates of taxation shall have occurred (or shall be reasonably imminent in occurring) after the date of execution of the Prior Agreement or this Agreement, that, in any such event, would reasonably be expected to result in any a Material Adverse Effect.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Rio Vista Energy Partners Lp), Purchase and Sale Agreement (Penn Octane Corp)

No Change in Law. No Law, Order or Tax that was not in force as of the date of the execution of the Prior Agreement or this Agreement shall have been adopted or imposed (or shall be reasonably imminent in being adopted or imposed), and no increase in rates of taxation shall have occurred (or shall be reasonably imminent in occurring) after the date of execution of the Prior Agreement or this Agreement, that, in any such event, would reasonably be expected to result in any a Material Adverse EffectChange.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Rio Vista Energy Partners Lp), Purchase and Sale Agreement (Penn Octane Corp)

No Change in Law. No Law, Order or Tax that was not in force as of the date of the execution of the Prior Agreement or this Agreement shall have been adopted or imposed (or shall be reasonably imminent in being adopted or imposed), and no increase in rates of taxation shall have occurred (or shall be reasonably imminent in occurring) after the date of execution of the Prior Agreement or this Agreement, that, in any such event, would reasonably be expected to result in any Material Adverse EffectChange.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Rio Vista Energy Partners Lp), Purchase and Sale Agreement (Penn Octane Corp)

No Change in Law. No Law, Order or Tax that was not in force as of the date of the execution of the Prior Agreement or and this Agreement shall have been adopted or imposed (or shall be reasonably imminent in being adopted or imposed), and no increase in rates of taxation shall have occurred (or shall be reasonably imminent in occurring) after the date of execution of the Prior Agreement or and this Agreement, that, in any such event, would reasonably be expected to result in any Material Adverse Effect.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Penn Octane Corp)

No Change in Law. No Law, Order or Tax that was not in force as of the date of the execution of the Prior Agreement or this Agreement shall have been adopted or imposed (or shall have be reasonably imminent in being adopted or imposed), and no increase in rates of taxation shall have occurred (or shall be reasonably imminent in occurring) after the date of execution of the Prior Agreement or this Agreement, that, in any such event, would reasonably be br expected to result in any a Material Adverse Effect.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Rio Vista Energy Partners Lp)