No Orders or Illegality Clause Samples
The "No Orders or Illegality" clause establishes that the parties are not required to perform their contractual obligations if doing so would violate applicable laws or be prohibited by a court or governmental order. In practice, this means that if a new law is enacted or an official directive is issued that makes fulfilling the contract illegal, the affected party is excused from performance to the extent of the prohibition. This clause serves to protect parties from being forced to act unlawfully or in contempt of legal authorities, ensuring that the contract remains compliant with changing legal requirements.
No Orders or Illegality. There shall not be any applicable Law in effect that makes the consummation of the transactions contemplated hereby illegal or any Order in effect preventing the consummation of the transactions contemplated hereby.
No Orders or Illegality. There shall not be any effective injunction, writ, preliminary restraining order, or non-appealable Order in effect preventing the consummation of the transactions contemplated hereby.
No Orders or Illegality. No Law is in effect that makes the consummation of the Arrangement illegal or otherwise prohibits or enjoins the Company or the SPAC or its affiliates from consummating the Arrangement and no Law or Order is in effect that makes the consummation of the Arrangement illegal or otherwise prohibits or enjoins the Company or the SPAC or its affiliates from consummating the Arrangement.
No Orders or Illegality. No Governmental Entity shall have enacted, issued, promulgated, enforced or entered any Law or Order which is then in effect and has the effect of making the transactions contemplated hereby, including the Mergers, illegal or otherwise enjoining or prohibiting consummation of the transactions contemplated hereby, including the Mergers.