Common use of Legality; Government Authorization; Litigation Clause in Contracts

Legality; Government Authorization; Litigation. The Sellers' consummation of the transactions contemplated hereby shall not be prohibited by any Legal Requirement, and all necessary filings, if any, pursuant to the HSR Act shall have been made and all applicable waiting periods thereunder shall have expired or been terminated. No Action shall have been instituted at or prior to the Closing by any Person or Governmental Authority, other than a party hereto or any Affiliate thereof, relating to this Agreement or any of the transactions contemplated hereby, which has a reasonable likelihood of success and the result of which would prevent or make illegal the consummation any such transaction or could otherwise reasonably be expected to have a Material Adverse Effect on the ability of the Sellers to consummate the transactions contemplated hereby.

Appears in 2 contracts

Samples: 6 Stock Purchase Agreement (Steel Heddle Group Inc), 6 Stock Purchase Agreement (Steel Heddle International Inc)

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Legality; Government Authorization; Litigation. The Sellers' ’ consummation of the transactions contemplated hereby shall not be prohibited by any Legal Requirement, and all necessary filings, if any, pursuant to the HSR Act shall have been made and all applicable waiting periods thereunder shall have expired or been terminated. No nonfrivolous Action shall have been instituted at or prior to the Closing by any Person or Governmental Authority, other than a party hereto or any Affiliate thereof, or instituted by any Governmental Authority, relating to this Agreement or any of the transactions contemplated hereby, which has a reasonable likelihood of success and the result of which would prevent or make illegal the consummation any such transaction or could otherwise reasonably be expected to have a Material Adverse Effect on the ability of the Sellers to consummate the transactions contemplated herebytransaction.

Appears in 1 contract

Samples: Acquisition Agreement (Panolam Industries International Inc)

Legality; Government Authorization; Litigation. The Sellers' ---------------------------------------------- consummation of the transactions contemplated hereby shall not be prohibited by any Legal Requirement, and all necessary filings, if any, pursuant to the HSR Act shall have been made and all applicable waiting periods thereunder shall have expired or been terminated. No Action shall have been instituted at or prior to the Closing by any Person or Governmental Authority, other than a party hereto hereto, or instituted by any Affiliate thereofGovernmental Authority, relating to this Agreement or any of the transactions contemplated hereby, which has a reasonable likelihood of success and the result of which would prevent or make illegal the consummation any such transaction or could otherwise reasonably be expected to have a Material Adverse Effect material adverse effect on the ability of the Sellers to consummate the transactions contemplated hereby.

Appears in 1 contract

Samples: Letter Agreement (Iron Age Holdings Corp)

Legality; Government Authorization; Litigation. The Sellers' consummation of the transactions contemplated hereby shall not be prohibited by any Legal Requirement, and all necessary filings, if any, pursuant to the HSR Act shall have been made and all applicable waiting periods thereunder shall have expired or been terminated. No Action shall have been instituted at or prior to the Closing by any Person or Governmental Authority, other than a party hereto hereto, or instituted by any Affiliate thereofGovernmental Authority, relating to this Agreement or any of the transactions contemplated hereby, which has a reasonable likelihood of success and the result of which would prevent or make illegal the consummation any such transaction or could otherwise reasonably be expected to have a Material Adverse Effect material adverse effect on the ability of the Sellers to consummate the transactions contemplated hereby.

Appears in 1 contract

Samples: Stock Purchase Agreement (Primark Corp)

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Legality; Government Authorization; Litigation. The Sellers' consummation of the transactions contemplated hereby shall not be prohibited by any Legal Requirement, and all necessary filings, if any, pursuant to the HSR Act shall have been made and all applicable waiting periods thereunder shall have expired or been terminated. No nonfrivolous Action shall have been instituted at or prior to the Closing by any Person or Governmental Authority, other than a party hereto or any Affiliate thereof, or instituted by any Governmental Authority, relating to this Agreement or any of the transactions contemplated hereby, which has a reasonable likelihood of success and the result of which would prevent or make illegal the consummation any such transaction or could otherwise reasonably be expected to have a Material Adverse Effect on the ability of the Sellers to consummate the transactions contemplated herebytransaction.

Appears in 1 contract

Samples: Stock Purchase Agreement (Oxford Industries Inc)

Legality; Government Authorization; Litigation. The Sellers' consummation of the transactions contemplated hereby shall not be prohibited by any Legal Requirement, and all necessary filings, if any, pursuant to the HSR Act shall have been made and all applicable waiting periods thereunder shall have expired or been terminated. No nonfrivolous Action shall have been instituted at or prior to the Closing by any Person or Governmental Authority, other than a party hereto or any Affiliate thereof, or instituted by any Governmental Authority, relating to this Agreement or any of the transactions contemplated hereby, which has a reasonable likelihood of success and the result of which would prevent prevent, materially adversely affect or make illegal the consummation any such transaction or could otherwise reasonably be expected to have a Material Adverse Effect on the ability of the Sellers to consummate the transactions contemplated herebytransaction.

Appears in 1 contract

Samples: Stock Purchase Agreement (Evans Bob Farms Inc)

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