or by which it is bound law

[Alex16]

The making and performance by the Principal of this Agreement will not result in the breach of any order of any court or governmental agency or authority entered in any proceeding to which the Principal or any subsidiary was or is now a party or by which it is bound

что имеется в виду - решения по которому являются обязательными (имеют обязательную силу) для Принципала?

by which it is bound относится к any proceeding ...