Common use of Legality Clause in Contracts

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effect.

Appears in 14 contracts

Samples: Purchase and Sale Agreement (TBC Global News Network, Inc.), Acquisition Agreement (Kalex Corp), Purchase and Sale Agreement (TBC Global News Network, Inc.)

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Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectsale.

Appears in 14 contracts

Samples: Purchase and Sale Agreement (TBC Global News Network, Inc.), Acquisition Agreement (Kalex Corp), Purchase and Sale Agreement (TBC Global News Network, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectsale.

Appears in 7 contracts

Samples: Membership Interest Purchase Agreement (Positron Corp), Stock Purchase Agreement (Certified Services Inc), Stock Purchase Agreement (Positron Corp)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectMaterial Adverse Effect.

Appears in 7 contracts

Samples: Membership Interest Purchase Agreement (Positron Corp), Stock Purchase Agreement (Certified Services Inc), Stock Purchase Agreement (Positron Corp)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets transactions contemplated by this Agreement illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectsale.

Appears in 4 contracts

Samples: Share Exchange Agreement (Crown Auto Holdings Inc.), Share Exchange Agreement (DM Products, Inc.), Share Exchange Agreement (World Am, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, -------- promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectsale.

Appears in 2 contracts

Samples: Merger Agreement (Verticalnet Inc), Share Purchase Agreement (Verticalnet Inc)

Legality. No law Law or court order Government Order shall have been enacted, entered, promulgated promulgated, or enforced by any court or governmental authority Governmental Authority that is in effect and (a) has the effect of making the purchase and sale of the assets Shares illegal or otherwise prohibiting the consummation of such purchase and sale the Contemplated Transactions or (b) has a reasonable likelihood of causing a material adverse effectMaterial Adverse Effect.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Interface Inc), Stock Purchase Agreement (Interface Inc)

Legality. No law Law or court order Government Order shall have been enacted, entered, promulgated promulgated, or enforced by any court or governmental authority Governmental Authority that is in effect and (a) has the effect of making the purchase and sale of the assets Shares illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectthe Contemplated Transactions.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Interface Inc), Stock Purchase Agreement (Interface Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectthe Transactions.

Appears in 2 contracts

Samples: Merger Agreement (Verticalnet Inc), Merger Agreement (Verticalnet Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and sale the Transactions or (b) has a reasonable likelihood of causing a material adverse effectMaterial Adverse Effect.

Appears in 2 contracts

Samples: Merger Agreement (Verticalnet Inc), Asset Purchase Agreement (Verticalnet Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and sale the Transactions or (b) has a reasonable reasonably likelihood of causing a material adverse effectMaterial Adverse Effect.

Appears in 1 contract

Samples: Merger Agreement (Verticalnet Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority Governmental Body that is in effect and (a) has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectthe Transactions.

Appears in 1 contract

Samples: Purchase Agreement (Resource Capital Corp.)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale consummation of the assets Option exercise illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectthereof.

Appears in 1 contract

Samples: Acquisition Agreement (TBC Global News Network, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority Governmental Entity that is in effect and (a) has the effect of making the purchase and sale of the assets Purchased Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing or shall cause a material adverse effecteffect on Seller or Seller’s ability to complete the Transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Air Products & Chemicals Inc /De/)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated promulgated, or enforced by any court or governmental authority Governmental Body that is in effect and (a) has the effect of making the purchase and sale of the assets Purchased Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectthe Transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (World Health Alternatives Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Shares illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectsale.

Appears in 1 contract

Samples: Stock Purchase Agreement (Day International Group Inc)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectthereof.

Appears in 1 contract

Samples: Acquisition Agreement (TBC Global News Network, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, -------- promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectMaterial Adverse Effect.

Appears in 1 contract

Samples: Share Purchase Agreement (Verticalnet Inc)

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Legality. No law Law or court order Order shall have been enacted, entered, promulgated or enforced by any court Governmental or governmental authority that is in effect and (a) Regulatory Authority which has the effect of (i) making either the purchase and sale of the assets transactions contemplated hereby illegal or otherwise prohibiting the their consummation of such purchase and sale or (bii) has creating a reasonable likelihood of causing Material Adverse Effect on the Company or a material adverse effectPurchaser MAE on the Purchaser.

Appears in 1 contract

Samples: Securities Purchase Agreement (Solomon Technologies Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority authority, whether foreign or domestic, that is in effect and (a) has the effect of making the purchase and sale of the assets Shares illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectsale.

Appears in 1 contract

Samples: Stock Purchase Agreement (Day International Group Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority Governmental Entity that is in effect and (a) has the effect of making the purchase and sale of the assets Purchased Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectsale.

Appears in 1 contract

Samples: Asset Purchase Agreement (Air Products & Chemicals Inc /De/)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale consummation of the assets Option exercise illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectthereof.

Appears in 1 contract

Samples: Acquisition Agreement (TBC Global News Network, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, -------- promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable reasonably likelihood of causing a material adverse effectMaterial Adverse Effect.

Appears in 1 contract

Samples: Merger Agreement (Verticalnet Inc)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectsale.

Appears in 1 contract

Samples: Purchase Agreement (B2Digital, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, -------- promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of (a) making the purchase and sale of the assets Merger illegal or otherwise prohibiting the consummation of such purchase and sale the Merger or (b) has creating a reasonable likelihood of causing a material adverse effectMaterial Adverse Effect on Image Sciences or FormMaker.

Appears in 1 contract

Samples: Merger Agreement (Docucorp Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and sale the Transactions or (b) in the sole determination of Parent, has a reasonable likelihood of causing a material adverse effectreduction in the benefits to be received by the Buyer Parties hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Verticalnet Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectaffect.

Appears in 1 contract

Samples: Purchase Agreement (B2Digital, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated promulgated, or enforced by any court or governmental authority Governmental Body that is in effect and (a) has the effect of making the purchase and sale of the assets Purchased Assets illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectMaterial Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (World Health Alternatives Inc)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and sale or (b) has a reasonable likelihood of causing a material adverse effectthereof.

Appears in 1 contract

Samples: Acquisition Agreement (TBC Global News Network, Inc.)

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