Common use of Statutory Approvals Clause in Contracts

Statutory Approvals. The Company Required Statutory Approvals and the Parent Required Statutory Approvals shall have been obtained at or prior to the Effective Time, such approvals shall have become Final Orders (as defined below) and such Final Orders shall not impose terms or conditions which, individually or in the aggregate, insofar as reasonably can be foreseen, will have, a Company Material Adverse Effect. A "Final Order" means action by the relevant regulatory authority which has not been reversed, stayed, enjoined, set aside, annulled or suspended, with respect to which any waiting period prescribed by law before the transactions contemplated hereby may be consummated has expired, and as to which all conditions to the consummation of such transactions prescribed by law, regulation or order have been satisfied.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (United Water Resources Inc), Agreement and Plan of Merger (Lyonnaise American Holding Inc Et Al), Agreement and Plan of Merger (United Water Resources Inc)

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Statutory Approvals. The Company Required Statutory Approvals and the Parent Required J Net Statutory Approvals shall have been obtained at or prior to the Effective TimeClosing Date, such approvals shall have become Final Orders (as defined below) hereinafter defined), and such no Final Orders Order shall not impose terms or conditions which, individually or in the aggregate, insofar as reasonably can be foreseen, will that would have, or would be reasonably likely to have, a J Net Material Adverse Effect or a Company Material Adverse Effect. A "Final OrderFINAL ORDER" means action a determination by the relevant regulatory authority which that has not been reversed, stayed, enjoined, set aside, annulled or suspended, with respect to which any waiting period prescribed by law before the transactions contemplated hereby may be consummated has expired, and as to which all conditions to the consummation of such transactions prescribed by law, regulation or order have been satisfied.

Appears in 2 contracts

Samples: Stock Purchase Agreement (J Net Enterprises Inc), Stock Purchase Agreement (J Net Enterprises Inc)

Statutory Approvals. The Company Required Statutory Approvals and the Parent Required Statutory Approvals Approval shall have been obtained at or prior to the Effective Time, ; and such approvals shall have become Final Orders (as defined below) and such Final Orders shall not impose terms or conditions which, individually or in the aggregate, insofar as reasonably can be foreseen, will have, a Company Material Adverse EffectOrders. A "Final Order" means action by the relevant regulatory authority (i) which has not been reversed, stayed, enjoined, set aside, annulled or suspended, (ii) with respect to which any waiting period prescribed by law before the transactions contemplated hereby may be consummated has expired, and as to which all conditions to the consummation of such transactions prescribed by law, regulation or order have been satisfied, and (iii) as to which all periods prescribed by law during which petitions for appeal or rehearing may be made have expired.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Etown Corp)

Statutory Approvals. The Company Required Statutory Approvals and the Parent Required Statutory Approvals shall have been obtained at or prior to the Effective Time, such approvals shall have become Final Orders (as defined below) and such Final Orders shall not impose terms or conditions which, individually or in the aggregate, insofar as could reasonably can be foreseen, will have, expected to have a Company Material Adverse Effect or a Parent Material Adverse Effect. A "Final Order" means action by the relevant regulatory authority which has not been reversed, stayed, enjoined, set aside, annulled or suspended, with respect to which any waiting period prescribed by law before the transactions contemplated hereby may be consummated has expired, and as to which all conditions to the consummation of such transactions prescribed by law, regulation or order have been satisfied.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Northeast Utilities System)

Statutory Approvals. The Company Required Statutory Approvals and the Parent Required Purchaser Statutory Approvals shall have been obtained at or prior to the Effective TimeClosing Date, such approvals shall have become Final Orders (as defined below) hereinafter defined), and such no Final Orders Order shall not impose terms or conditions which, individually or in the aggregate, insofar as reasonably can be foreseen, will that would have, or would be reasonably likely to have, a Purchaser Material Adverse Effect or a Company Material Adverse Effect. A "Final Order" means action a determination by the relevant regulatory authority which that has not been reversed, stayed, enjoined, set aside, annulled or suspended, with respect to which any waiting period prescribed by law before the transactions contemplated hereby may be consummated has expired, and as to which all conditions to the consummation of such transactions prescribed by law, regulation or order have been satisfied.

Appears in 1 contract

Samples: Stock Purchase Agreement (Commercial Consolidators Corp)

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Statutory Approvals. The Company NSP Required Statutory Approvals and the Parent NCE Required Statutory Approvals shall have been obtained at or prior to the Effective Time, such approvals shall have become Final Orders (as defined below) hereinafter defined), and such no Final Orders Order shall not impose terms or conditions whichthat would have, individually or in the aggregate, insofar as would be reasonably can be foreseen, will likely to have, a Company NSP Material Adverse Effect or a NCE Material Adverse Effect. A "Final Order" means action by the relevant regulatory authority which that has not been reversed, stayed, enjoined, set aside, annulled or suspended, with respect to which any waiting period prescribed by law before the transactions contemplated hereby may be consummated has expired, and as to which all conditions to the consummation of such transactions prescribed by law, regulation or order have been satisfied.

Appears in 1 contract

Samples: Agreement and Plan of Merger (New Century Energies Inc)

Statutory Approvals. The Company Required Statutory Approvals ------------------- and the Parent Required Statutory Approvals shall have been obtained at or prior to the Effective Time, such approvals shall have become Final Orders (as defined below) and such Final Orders shall not impose terms or conditions which, individually or in the aggregate, insofar as could reasonably can be foreseen, will have, expected to have a Company Material Adverse Effect or a Parent Material Adverse Effect. A "Final Order" means action by the relevant regulatory authority which has not been reversed, stayed, enjoined, set aside, annulled or suspended, with respect to which any waiting period prescribed by law before the transactions contemplated hereby may be consummated has expired, and as to which all conditions to the consummation of such transactions prescribed by law, regulation or order have been satisfied.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Yankee Energy System Inc)

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