Common use of Regulatory Disruption Clause in Contracts

Regulatory Disruption. Any event that Party A determines, in its good faith and reasonable judgment based on advice of counsel, makes it appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures generally applicable in similar situations and applied in a non-discriminatory manner for Party A to refrain from or decrease any market activity in connection with the Transaction. Subject to applicable legal requirements and Party A’s internal policies and guidelines, Party A shall promptly notify Party B upon the occurrence of a Regulatory Disruption and shall subsequently promptly notify Party B on the day Party A believes that the circumstances giving rise to such Regulatory Disruption have changed. Exchange Act: The Securities Exchange Act of 1934, as amended from time to time.

Appears in 2 contracts

Sources: Registered Forward Transaction (Vici Properties Inc.), Confirmation of Transaction (Vici Properties Inc.)