Common use of Action/Proceeding Clause in Contracts

Action/Proceeding. No court or any other Governmental Entity shall have issued an order restraining or prohibiting the transactions herein contemplated and no litigation shall be pending in which any Governmental Entity seeks to prohibit the transactions herein contemplated or otherwise seeks a remedy which would materially and adversely affect the ability of Buyer to enjoy the full use and enjoyment of the Purchased Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Opticare Health Systems Inc)

AutoNDA by SimpleDocs

Action/Proceeding. No court or any other Governmental Entity shall have issued an order restraining or prohibiting the transactions herein contemplated contemplated; and no litigation shall be pending in which any Governmental Entity with jurisdiction over the Company shall have commenced or threatened in writing to commence any action or suit before any court of competent jurisdiction or other Governmental Entity that seeks to restrain or prohibit the consummation of the transactions herein contemplated or otherwise seeks a remedy which would materially and adversely affect the ability of Buyer to enjoy purchase or own the full use and enjoyment of Equity Interest or the Purchased AssetsXxxxx Obligations.

Appears in 1 contract

Samples: Debt and Equity Purchase Agreement (Medcath Corp)

Action/Proceeding. No court or any other Governmental Entity shall have issued an order restraining or prohibiting the transactions herein contemplated contemplated; and no litigation shall be pending in which any Governmental Entity with jurisdiction over the Acquired Company shall have commenced or threatened in writing to commence any action or suit before any court of competent jurisdiction or other Governmental Entity that seeks to restrain or prohibit the consummation of the transactions herein contemplated or otherwise seeks a remedy which would materially and adversely affect the ability of Buyer to enjoy purchase or own the full use and enjoyment of the Purchased AssetsEquity Interest.

Appears in 1 contract

Samples: Equity Purchase Agreement (Medcath Corp)

Action/Proceeding. No court or any other Governmental Entity shall have issued an order restraining or prohibiting the transactions herein contemplated contemplated; and no litigation shall be pending in which any Governmental Entity with jurisdiction over either Acquired Company shall have commenced or threatened in writing to commence any action or suit before any court of competent jurisdiction or other Governmental Entity that seeks to restrain or prohibit the consummation of the transactions herein contemplated or otherwise seeks a remedy which would materially and adversely affect the ability of Buyer to enjoy purchase or own the full use and enjoyment of the Purchased AssetsEquity Interests.

Appears in 1 contract

Samples: Equity Purchase Agreement (Medcath Corp)

AutoNDA by SimpleDocs

Action/Proceeding. No court or any other Governmental Entity shall have issued an order restraining or prohibiting the transactions herein contemplated contemplated; and no litigation shall be pending in which any Governmental Entity with jurisdiction over the Company shall have commenced or threatened in writing to commence any action or suit before any court of competent jurisdiction or other Governmental Entity that seeks to restrain or prohibit the transactions herein contemplated consummation of the Transactions or otherwise seeks a remedy which would materially and adversely affect the ability of Buyer to enjoy purchase or own the full use and enjoyment of Equity Interest or the Purchased AssetsXxxxx Obligations.

Appears in 1 contract

Samples: Debt and Equity Purchase Agreement (Medcath Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!