Common use of Intervening Litigation Clause in Contracts

Intervening Litigation. If prior to the Closing Date any preliminary or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby for a period of fifteen (15) days or longer, the Closing shall be adjourned at the option of either party for a period of not more than thirty (30) days. If at the end of such thirty (30) day period such injunction or Order shall not have been favorably resolved, either party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Synthesis Energy Systems Inc), Stock Purchase Agreement (Securus Technologies, Inc.), Asset Purchase Agreement (Huffy Corp)

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Intervening Litigation. If If, prior to the Closing Date Date, any preliminary or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby herein for a period of fifteen (15) days or longer, the Closing shall be adjourned at the option of either party for a period of not more than thirty (30) days. If at the end of such thirty (30) thirty-day period such injunction or Order shall not have been favorably resolved, either party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 4 contracts

Samples: Securities Exchange Agreement (Egpi Firecreek, Inc.), Stock Purchase Agreement (Egpi Firecreek, Inc.), Stock Purchase Agreement (Egpi Firecreek, Inc.)

Intervening Litigation. If If, prior to the Closing Date any preliminary or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority Governmental Entity shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby herein for a period of fifteen (15) days or longer, the Closing shall be adjourned at the option of either party for a period of not more than thirty (30) days. If at the end of such thirty (30) day period such injunction or Order shall not have been favorably resolved, either party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 4 contracts

Samples: Purchase Agreement (Net Element, Inc.), Purchase Agreement (Net Element, Inc.), Membership Interest (Net Element, Inc.)

Intervening Litigation. If prior to the Closing Date any ----------------------- preliminary or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby herein for a period of fifteen (15) days or longer, the Closing shall be adjourned at the option of either party for a period of not more than thirty (30) days. If at the end of such thirty (30) day period such injunction or Order shall not have been favorably resolved, either party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 3 contracts

Samples: Escrow Agreement (Charys Holding Co Inc), Stock Purchase Agreement (Spiderboy International Inc), Employment Agreement (Charys Holding Co Inc)

Intervening Litigation. If prior to the Closing Date any preliminary or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby herein for a period of fifteen (15) days or longer, the Closing shall be adjourned at the option of either party for a period of not more than thirty (30) days. If at the end of such thirty (30) day period such injunction or Order shall not have been favorably resolved, either party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc), Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc)

Intervening Litigation. If prior to the Closing Date any preliminary or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby herein for a period of fifteen (15) 15 days or longer, the Closing shall be adjourned at the option of either party for a period of not more than thirty (30) 30 days. If at the end of such thirty (30) -day period such injunction or Order shall not have been favorably resolved, either party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Splinex Technology Inc.)

Intervening Litigation. If prior to the Closing Date any preliminary or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby for a period of fifteen (15) days or longer, the Closing shall be adjourned at the option of either party for a period of not more than thirty (30) days. If at the end of such thirty (30) day period such injunction or Order shall shal1 not have been favorably resolved, either party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Synthesis Energy Systems Inc)

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Intervening Litigation. If If, prior to the Closing Date Date, any preliminary ----------------------- or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby herein for a period of fifteen (15) days or longer, the Closing shall be adjourned at the option of either party for a period of not more than thirty (30) days. If at the end of such thirty (30) thirty-day period such injunction or Order shall not have been favorably resolved, either party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Charys Holding Co Inc)

Intervening Litigation. If prior to the Closing Date any preliminary or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby herein for a period of fifteen (15) days or longer, the Closing shall be adjourned at the option of either party for a period of not more than thirty (30) days. If at the end of such thirty (30) day period such injunction or Order shall not have been favorably resolved, either party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Valuevision International Inc)

Intervening Litigation. If prior to the Closing Date any preliminary or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby for a period of fifteen (15) 15 days or longer, the Closing shall be adjourned at the option of either party for a period of not more than thirty (30) 30 days. If at the end of such thirty (30) 30 day period such injunction or Order shall not have been favorably resolved, either party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Collegiate Pacific Inc)

Intervening Litigation. If prior to the Closing Date any preliminary or permanent injunction or other Order issued by a court of competent jurisdiction or by any other Authority Governmental Body shall restrain or prohibit this Agreement or the consummation of the transactions contemplated hereby Transaction for a period of fifteen (15) days or longer, the Closing shall be adjourned at the option of either party Party for a period of not more than thirty (30) days. If at the end of such thirty (30) day period such injunction or Order shall not have been favorably resolved, either party Party may, by written notice thereof to the other, terminate this Agreement, without liability or further obligation hereunder.

Appears in 1 contract

Samples: Membership Interests Purchase Agreement (RadNet, Inc.)

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