Common use of Absence of Proceedings and Litigation Clause in Contracts

Absence of Proceedings and Litigation. No order shall have been entered and remain in force at the Closing Date restraining or prohibiting any of the transactions contemplated by this Agreement in any legal, administrative or other proceeding and no action or proceeding shall have been instituted or threatened on or before the Closing Date pertaining to the transactions contemplated by this Agreement which, in the reasonable judgment of Buyer, could be materially adverse to Buyer's consummating this Agreement.

Appears in 5 contracts

Samples: Mortgage Loan Purchase Agreement (Bank Plus Corp), Agreement to Purchase (Bank Plus Corp), Purchase Assets and Assume Liabilities (Bank Plus Corp)

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Absence of Proceedings and Litigation. No order shall have been entered and remain in force at the Closing Date restraining or prohibiting any of the transactions contemplated by this Agreement Transactions in any legal, administrative or other proceeding and proceeding, no action or proceeding shall have been instituted or threatened on or before the Closing Date pertaining seeking to restrain or prohibit the transactions Transactions contemplated by this Agreement which, in the reasonable judgment of Buyer, could be materially adverse to Buyer's consummating this Agreementor which would have a Material Adverse Effect on Seller.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Affinity Bancshares, Inc.), Purchase and Assumption Agreement (First Financial Northwest, Inc.), Purchase and Assumption Agreement (FFBW, Inc. /MD/)

Absence of Proceedings and Litigation. No order shall have been entered and remain in force at the Closing Date restraining or prohibiting any of the transactions contemplated by this Agreement in any legal, administrative or other proceeding proceeding, and no action or proceeding shall have been instituted or threatened on or before the Closing Date pertaining seeking to restrain or prohibit the transactions contemplated by this Agreement which, in the reasonable judgment of Buyer, could be materially adverse to Buyer's consummating this Agreement.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Harrington Financial Group Inc), Purchase and Assumption Agreement (Harrington Financial Group Inc), Purchase and Assumption Agreement (Harrington West Financial Group Inc/Ca)

Absence of Proceedings and Litigation. No order shall have been entered and remain in force at the Closing Date restraining or prohibiting any of the transactions contemplated by this Agreement in any legal, administrative or other proceeding proceeding, and no action or proceeding shall have been instituted or threatened on or before the Closing Date pertaining seeking to restrain or prohibit the transactions contemplated by this Agreement which, in the reasonable judgment of Buyer, could be materially adverse to Buyer's consummating this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Harrington Financial Group Inc), Stock Purchase Agreement (Harrington West Financial Group Inc/Ca)

Absence of Proceedings and Litigation. No order shall have been entered and remain in force at the Closing Date restraining or prohibiting any of the transactions contemplated by this Agreement in any legal, administrative or other proceeding and no action or proceeding shall have been instituted or threatened on or before the Closing Date pertaining to the transactions transaction contemplated by this Agreement which, in the reasonable judgment of BuyerSeller, could be materially adverse to BuyerSeller's consummating this Agreement.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Bank Plus Corp), Agreement to Purchase (Bank Plus Corp)

Absence of Proceedings and Litigation. No order shall have been entered and remain in force at the Closing Date restraining or prohibiting any of the transactions contemplated by this Agreement in any legal, administrative or other proceeding and no action or proceeding shall have been instituted or threatened on or before the Closing Date pertaining to the transactions contemplated by this Agreement which, in the reasonable judgment of BuyerSeller, could be materially adverse to Buyer's consummating this AgreementSeller.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Nara Bancorp Inc), Deposit Assumption and Loan Purchase Agreement (Nara Bancorp Inc)

Absence of Proceedings and Litigation. No order shall have been entered and remain in force at the Closing Date restraining or prohibiting any of the transactions transaction contemplated by this Agreement in any legal, administrative or other proceeding and no action or proceeding shall have been instituted or threatened on or before the Closing Date pertaining to the transactions transaction contemplated by this Agreement which, in the reasonable judgment of Buyer, Seller could be materially adverse to BuyerSeller's consummating this Agreement.

Appears in 2 contracts

Samples: Purchase Assets and Assume Liabilities (Bank Plus Corp), Bank Plus Corp

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Absence of Proceedings and Litigation. No order shall have been entered and remain in force at the Closing Date restraining or prohibiting any of the transactions contemplated by this Agreement in any legal, administrative or other proceeding and no action or proceeding shall have been instituted or threatened on or before the Closing Date pertaining to the transactions contemplated by this Agreement which, in the reasonable judgment of Buyer, could be materially adverse to Buyer or Buyer's consummating this Agreement.assumption of the Accounts. 6(d)

Appears in 1 contract

Samples: Deposit Assumption and Loan Purchase Agreement (Nara Bancorp Inc)

Absence of Proceedings and Litigation. No order shall have been entered and remain in force at the Closing Date restraining or prohibiting any of the transactions transaction contemplated by this Agreement in any legal, administrative or other proceeding and no action or proceeding shall have been instituted or threatened on or before the Closing Date pertaining to the transactions transaction contemplated by this Agreement which, in the reasonable judgment of BuyerSeller, could be materially adverse to BuyerSeller's consummating this Agreement.

Appears in 1 contract

Samples: Agreement (Bank Plus Corp)

Absence of Proceedings and Litigation. No order shall have been entered and remain in force at the Closing Date restraining or prohibiting any of the transactions contemplated by this Agreement in any legal, administrative or other proceeding and no action or proceeding shall have been instituted or threatened on or before the Closing Date pertaining to the transactions contemplated by this Agreement which, in the reasonable judgment of Buyer, could be materially adverse to Buyer or Buyer's consummating this Agreementassumption of the Accounts.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Nara Bancorp Inc)

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