Common use of Injunctions or Restraints Clause in Contracts

Injunctions or Restraints. In the event that there exists at or prior to Closing (i) any injunction, restraining order or other decree of any nature of any court of competent jurisdiction or other Governmental Authority that is in effect that restrains or prohibits the consummation of any of the Transactions or (ii) any action taken, or any statute, rule, regulation or order enacted, entered or enforced, which makes the consummation of the Transactions illegal, each party to this Agreement shall use their reasonable commercial efforts to have any such injunction, order, decree, action, statute, rule or regulation vacated or declared inapplicable.

Appears in 4 contracts

Samples: Contribution and Sale Agreement (Westbrook Real Estate Partners LLC), Contribution and Sale Agreement (Westbrook Real Estate Partners LLC), Contribution and Sale Agreement (Alter Robert A)

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Injunctions or Restraints. In the event that there exists at or prior to Closing (i) any injunction, restraining order or other decree of any nature of any court of competent jurisdiction or other Governmental Authority that is in effect that restrains or prohibits the consummation of any of the Transactions or (ii) any action taken, or any statute, rule, regulation or order enacted, entered or enforced, which makes the consummation of the 105 Transactions illegal, each party to this Agreement shall use their reasonable commercial efforts to have any such injunction, order, decree, action, statute, rule or regulation vacated or declared inapplicable.

Appears in 3 contracts

Samples: Merger Agreement (Alter Robert A), Merger Agreement (Westbrook Real Estate Partners LLC), Merger Agreement (Sunstone Hotel Investors Inc)

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