Common use of No Governmental Approvals Clause in Contracts

No Governmental Approvals. No approval from any Governmental Entity (as defined below) is required by or with respect to either KPC Party in connection with the execution and delivery by each KPC Party of this Agreement or the consummation by each KPC Party of the transactions contemplated hereby, except for any such approval the failure of which to be made or obtained (i) has not impaired and could not reasonably be expected to impair the ability of either KPC Party to perform its obligations under this Agreement in any material respect and (ii) could not reasonably be expected to delay in any material respect or prevent the consummation of any of the transactions contemplated by this Agreement. As used herein, the term “Governmental Entity” means any agency, bureau, commission, authority, department, official, political subdivision, tribunal or other instrumentality of any government, whether (i) regulatory, administrative or otherwise; (ii) federal, state or local or (iii) domestic or foreign.