Common use of Actions or Proceedings Clause in Contracts

Actions or Proceedings. No action, suit, or proceeding shall be pending before any court or quasi judicial or administrative agency of any federal, state, local, or foreign jurisdiction wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would (A) prevent consummation of this Transaction or (B) cause this Transaction to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling, or charge shall be in effect).

Appears in 8 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (International Packaging & Logistics Group Inc.), Securities Purchase Agreement (Growlife, Inc.)

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Actions or Proceedings. No action, suit, or proceeding shall be pending before any court or quasi quasi-judicial or administrative agency of any federal, state, local, or foreign jurisdiction wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would (A) prevent consummation of any of the transactions contemplated by this Transaction Agreement or (B) cause any of the transactions contemplated by this Transaction Agreement to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling, or charge shall be in effect).

Appears in 3 contracts

Samples: Share Purchase Agreement (Protea Biosciences Group, Inc.), Stock Purchase Agreement (Jackson Products Inc), Asset Purchase Agreement (Digimarc Corp)

Actions or Proceedings. No action, suit, or proceeding shall be pending before any court or quasi quasi-judicial or administrative agency of any federal, state, local, or foreign jurisdiction wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would (Aa) prevent consummation of this Transaction or (Bb) cause this Transaction to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling, or charge shall be in effect).

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (International Packaging & Logistics Group Inc.)

Actions or Proceedings. No action, suit, or proceeding shall be pending before any court or quasi quasi-judicial or administrative agency of any federal, state, local, or foreign jurisdiction wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would (A) prevent consummation of any of the Transactions contemplated by this Transaction Agreement or (B) cause any of the Transactions contemplated by this Transaction Agreement to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling, or charge shall be in effect).

Appears in 1 contract

Samples: Stock Purchase Agreement (Boxlight Corp)

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Actions or Proceedings. No action, suit, or proceeding ---------------------- shall be pending before any court or quasi quasi-judicial or administrative agency of any federal, state, local, or foreign jurisdiction wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would (A) prevent consummation of any of the transactions contemplated by this Transaction Agreement or (B) cause any of the transactions contemplated by this Transaction Agreement to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling, or charge shall be in effect).

Appears in 1 contract

Samples: Stock Purchase Agreement (Jackson Products Inc)

Actions or Proceedings. No action, suit, or proceeding shall be pending before any court or quasi judicial or administrative agency of any federal, state, local, or foreign jurisdiction wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would (Aa) prevent consummation of this Transaction or (Bb) cause this Transaction to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling, or charge shall be in effect).

Appears in 1 contract

Samples: Stock Purchase Agreement (B-Maven, Inc.)

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