Common use of Illegality; No Proceedings Clause in Contracts

Illegality; No Proceedings. At the applicable Effective Time, the performance of the trans actions contemplated hereby, upon the terms and conditions set forth herein, shall not, in the reasonable judgment of Assignee, violate, and shall not subject Assignee to any penalty or liability under, any law, rule or regulation binding upon Assignee. At the applicable Effective Time, no legal or governmental action, suit or proceeding shall have been instituted or threatened before any court, administrative agency or tribunal, nor shall any order, judgment or decree have been issued or proposed to be issued by any court, administrative agency or tribunal to set aside, restrain, enjoin or prevent the consummation of this Agreement or the transactions contemplated hereby.

Illegality; No Proceedings. At the applicable Effective Time, the performance of the trans actions contemplated hereby, upon the terms and conditions set forth herein, shall not, in the reasonable judgment of AssigneeAssignor, violate, and shall not subject Assignee Assignor to any penalty or liability under, any law, rule or regulation binding upon AssigneeAssignor. At the applicable Effective Time, no legal or governmental action, suit or proceeding shall have been instituted or threatened before any court, administrative agency or tribunal, nor shall any order, judgment or decree have been issued or proposed to be issued by any court, administrative agency or tribunal to set aside, restrain, enjoin or prevent the consummation of this Agreement or the transactions contemplated hereby.

Illegality; No Proceedings. At the applicable Effective Time, the performance of the trans actions transac tions contemplated hereby, upon the terms and conditions set forth herein, shall not, in the reasonable judgment of Assignee, violate, and shall not subject Assignee to any penalty or liability under, any law, rule or regulation binding upon Assignee. At the applicable Effective Time, no legal or governmental action, suit or proceeding shall have been instituted or threatened before any court, administrative agency or tribunal, nor shall any order, judgment or decree have been issued or proposed to be issued by any court, administrative agency or tribunal to set aside, restrain, enjoin or prevent the consummation of this Agreement or the transactions contemplated hereby.

Illegality; No Proceedings. At the applicable Effective Time, the performance of the trans actions transactions contemplated hereby, upon the terms and conditions set forth herein, shall not, in the reasonable judgment of AssigneeAssignor, violate, and shall not subject Assignee Assignor to any penalty or liability under, any law, rule or regulation binding upon AssigneeAssignor. At the applicable Effective Time, no legal or governmental action, suit or proceeding shall have been instituted or threatened before any court, administrative agency or tribunal, nor shall any order, judgment or decree have been issued or proposed to be issued by any court, administrative agency or tribunal to set aside, restrain, enjoin or prevent the consummation of this Agreement or the transactions contemplated hereby.

Illegality; No Proceedings. At the applicable Effective Time, the performance of the trans actions transac tions contemplated hereby, upon the terms and conditions set forth herein, shall not, in the reasonable judgment of AssigneeAssignor, violate, and shall not subject Assignee Assignor to any penalty or liability under, any law, rule or regulation binding upon AssigneeAssignor. At the applicable Effective Time, no legal or governmental action, suit or proceeding shall have been instituted or threatened before any court, administrative agency or tribunal, nor shall any order, judgment or decree have been issued or proposed to be issued by any court, administrative agency or tribunal to set aside, restrain, enjoin or prevent the consummation of this Agreement or the transactions contemplated hereby.

Illegality; No Proceedings. At the applicable Effective Time, the performance of the trans actions transactions contemplated hereby, upon the terms and conditions set forth herein, shall not, in the reasonable judgment of Assignee, violate, and shall not subject Assignee to any penalty or liability under, any law, rule or regulation binding upon Assignee. At the applicable Effective Time, no legal or governmental action, suit or proceeding shall have been instituted or threatened before any court, administrative agency or tribunal, nor shall any order, judgment or decree have been issued or proposed to be issued by any court, administrative agency or tribunal to set aside, restrain, enjoin or prevent the consummation of this Agreement or the transactions contemplated hereby.