Common use of Conditions Precedent to Obligation of the Parties Clause in Contracts

Conditions Precedent to Obligation of the Parties. The respective obligation of each Party hereto to consummate the Transaction is subject to the satisfaction or waiver, in writing, on or prior to the Closing Date of the following conditions: (a) no Legal Proceeding shall have been commenced against Purchaser, Merger Sub or the Company that challenges or seeks to prevent, enjoin or otherwise delay the Closing; and (b) there shall not be in effect any Order by a Governmental Authority of competent jurisdiction restraining, enjoining or otherwise prohibiting the consummation of the Transaction.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Universal Forest Products Inc)

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Conditions Precedent to Obligation of the Parties. The respective obligation of each Party party hereto to consummate the Transaction is subject to the satisfaction or waiver, in writing, on or prior to the Closing Date of the following conditions: (a) no Legal Proceeding shall have been commenced against Purchaser, Merger Sub or the Company that challenges or seeks to prevent, enjoin or otherwise delay the Closing; and (b) condition: there shall not be in effect any Order order by a Governmental Authority of competent jurisdiction restraining, enjoining or otherwise prohibiting the consummation of the Transaction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ciber Inc)

Conditions Precedent to Obligation of the Parties. The respective obligation of each Party party hereto to consummate the Transaction is subject to the satisfaction or waiver, in writing, on or prior to the Closing Date of the following conditionscondition: (a) no Legal Proceeding shall have been commenced against Purchaser, Merger Sub or the Company that challenges or seeks to prevent, enjoin or otherwise delay the Closing; and (b) there shall not be in effect any Order order by a Governmental Authority of competent jurisdiction restraining, enjoining or otherwise prohibiting the consummation of the Transaction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ciber Inc)

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Conditions Precedent to Obligation of the Parties. The respective obligation of each Party party hereto to consummate the Transaction is subject to the satisfaction or waiver, in writing, on or prior to the Closing Date of the following conditions: (ai) no Legal Proceeding shall have been commenced against Purchaser, Merger Sub or the Company that challenges or seeks to prevent, enjoin or otherwise delay the Closing; and (b) there There shall not be in effect any Order order by a Governmental Authority governmental authority of competent jurisdiction restraining, enjoining or otherwise prohibiting the consummation of the Transaction; and (ii) There shall not be any law enacted, entered or enforced which makes the consummation of the Transaction illegal.

Appears in 1 contract

Samples: Securities Purchase Agreement (Castle Brands Inc)

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