Common use of Governmental or Legal Action Clause in Contracts

Governmental or Legal Action. No action, suit or proceeding shall be pending or threatened by any Governmental Authority and no Legal Requirement shall have been enacted, promulgated or issued or deemed applicable to any of the transactions contemplated by this Agreement by any Governmental Authority that would (a) prohibit Buyer's ownership or operation of all or a material portion of the System, the Business or the Assets or (b) prevent or make illegal the consummation of the transactions contemplated by this Agreement.

Appears in 5 contracts

Samples: Asset Purchase Agreement (American Cable Tv Investors 5 LTD), Escrow Agreement (American Cable Tv Investors 5 LTD), Asset Purchase Agreement (American Cable Tv Investors 5 LTD)

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Governmental or Legal Action. No action, suit or proceeding shall be pending or threatened by or before any Governmental Authority and no Legal Requirement shall have been enacted, promulgated or issued or deemed applicable to any of the transactions contemplated by this Agreement by any Governmental Authority that would (a) prohibit Buyer's ownership or operation of all or a material portion of the System, the Business or the Assets or (b) prevent or make illegal the consummation of the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (American Cable Tv Investors 5 LTD), Escrow Agreement (American Cable Tv Investors 5 LTD)

Governmental or Legal Action. No action, suit or proceeding shall be pending or threatened by any Governmental Authority or other Person and no Legal Requirement shall have been enacted, promulgated or issued or deemed applicable to any of the transactions contemplated by this Agreement by any Governmental Authority or other Person that would (a) prohibit Buyer's ownership or operation of all or a material portion of the System, the Business NEWCO Shares or the RV Ltd. Assets or (b) prevent or make illegal the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Robotic Vision Systems Inc)

Governmental or Legal Action. No action, suit suit, or proceeding shall be pending or threatened by any Governmental Authority governmental authority or other person and no Legal Requirement law, rule or regulation or similar requirement shall have been enacted, promulgated or issued or deemed applicable to any of the transactions transaction contemplated by this Agreement by any Governmental Authority that would (a) prohibit Buyer's ownership governmental authority or operation of all or a material portion of the System, the Business or the Assets or (b) prevent or make illegal the consummation of the transactions contemplated by this Agreement.other

Appears in 1 contract

Samples: Asset Purchase Agreement (Enstar Income Program Iv-2 Lp)

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Governmental or Legal Action. No action, suit or proceeding shall be pending or threatened by any Governmental Authority or other Person and no Legal Requirement shall have been enacted, promulgated or issued or deemed applicable to any of the transactions contemplated by this Agreement by any Governmental Authority that would (a) prohibit Buyer's ownership or operation of all or a material portion of the System, the Business or the Assets or (b) prevent or make illegal the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Cable Tv Investors 5 LTD)

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