Common use of Litigation; Other Events Clause in Contracts

Litigation; Other Events. No claim, action, suit or proceeding shall have been instituted or shall be threatened by any Person which seeks to prohibit, restrict or delay consummation of the Exchange, or any of the conditions to consummation of such Exchange, or to subject MSC to liability on the ground that it has breached Legal Requirement or otherwise acted improperly in relation to the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Share Exchange Agreement (Magnolia Solar Corp)

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Litigation; Other Events. No claim, action, suit or proceeding shall have been instituted or shall be threatened by any Person which seeks to prohibit, restrict or delay consummation of the ExchangeMerger, or any of the conditions to consummation of such ExchangeMerger, or to subject MSC Parent or its directors, officers, employees or agents to liability on the ground that it or they has breached Legal Requirement any law or regulation or otherwise acted improperly in relation to the transactions contemplated by this AgreementContemplated Transactions nt.

Appears in 1 contract

Samples: Merger Agreement (Siebert Financial Corp)

Litigation; Other Events. No claim, action, suit or proceeding shall have been instituted or shall be threatened by any Person which seeks to prohibit, restrict or delay consummation of the ExchangeMerger, or any of the conditions to consummation of such ExchangeMerger, or to subject MSC to liability on the ground that it has breached any Legal Requirement or otherwise acted improperly in relation to the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Magnolia Solar Corp)

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Litigation; Other Events. No claim, action, suit or proceeding shall have been instituted or shall be threatened by any Person which seeks to prohibit, restrict or delay consummation of the ExchangeMerger, or any of the conditions to consummation of such Exchange, the Merger or to subject MSC any Shareholder or the Company or any of the Company’s directors, officers, employees or agents to liability on the ground that it or they has breached Legal Requirement any law or regulation or otherwise acted improperly in relation to the transactions contemplated by this AgreementContemplated Transactions.

Appears in 1 contract

Samples: Merger Agreement (Siebert Financial Corp)

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