Legal Drafting for Every Eventuality

by Simon ChesterSimon Chester's involvement with legal information goes back to the Seventies when he taught legal research at Osgoode Hall and served on CLIC's board - that was the Canadian Law Information Council. He has practiced law on Bay Street for almost thirty years and speaks and writes widely on legal and professional issues
[click on the author's name to go to email and web page links] on August 3rd, 2006

This morning’s TimesCuriously, the clause has been floating around since at least 2002. is reporting on a clause from a financing – for those trying to read it on a BlackBerry, it reads:

Upon the occurrence of the end of the world before full payment and performance of the Notes and Drafts, the Notes and Drafts, at the option of the Required Banks, will become immediately due and payable in full and may be enforced against the Company by any available terrestrial, extra terrestrial or spiritual procedure. For remedial purposes and for purposes of determining the relative equities of the parties, the Company, by virtue of its attorneys, will be deemed to be aligned with the forces of light, and the Banks and their attorneys will be deemed to be aligned with the forces of darkness, regardless of actual ultimate terrestrial, extra terrestrial or spiritual destinations of the Company or the Bank or any of their particular officers (including the Treasurer and the Vice President-Finance).

End of world clause

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