Common use of Absence of Suit Clause in Contracts

Absence of Suit. No action, suit, investigation or proceeding before any court or any governmental authority shall have been commenced or threatened, against Purchaser, the Company or any of the affiliates, officers or directors of any of them, seeking to restrain, prevent or change the transactions contemplated hereby, or questioning the validity or legality of any such transactions, or seeking damages in connection with, or imposing any condition on, any such transactions; provided that the obligations of Purchaser shall not be affected unless there is a reasonable likelihood that as a result of such action, suit, investigation, or proceeding Purchaser will be unable to retain substantially all the practical benefits of the transaction to which it is entitled under this Agreement.

Absence of Suit. No action, suit, investigation investigation, or proceeding before any court or any governmental authority shall have been commenced or threatened, threatened against Purchaser, the Company or any of the affiliates, officers or directors of any of them, seeking to restrain, prevent or change the transactions contemplated hereby, or questioning the validity or legality of any such transactions, or seeking damages in connection with, or imposing any condition on, any such transactions; provided that the obligations of Purchaser the Sellers shall not be affected unless there is a reasonable likelihood that as a result of such action, suit, proceeding or investigation, or proceeding Purchaser the Sellers will be unable to retain substantially all the practical benefits of the transaction consideration to which it is they are entitled under this Agreement.

Absence of Suit. No action, suit, investigation investigation, or proceeding before any court or any governmental authority shall have been commenced or threatened, threatened against PurchaserBuyer, the Company or any of the affiliates, officers or directors of any of them, seeking to restrain, prevent or change the transactions contemplated herebyTransactions, or questioning the validity or legality of any such transactionsof the Transactions, or seeking damages in connection with, or imposing any condition on, any such transactionsof the Transactions; provided that the obligations of Purchaser Seller shall not be affected unless there is a reasonable likelihood that as a result of such action, suit, proceeding or investigation, or proceeding Purchaser the Seller will be unable to retain substantially all the practical benefits of the transaction consideration to which it he is entitled under this Agreement.