Common use of Litigation, Proceeding, etc Clause in Contracts

Litigation, Proceeding, etc. There is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any Governmental Entity which (i) challenges the legality, validity or enforceability of any of the Transaction Documents or the Shares or (ii) could (individually or in the aggregate) reasonably be expected to have a Material Adverse Effect or (iii) would (individually or in the aggregate) impair the ability of the Company to perform fully on a timely basis any obligations which it has under any of the Transaction Documents.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Prudential Insurance Co of America), Stock Purchase Agreement (Meridian Industrial Trust Inc), Stock Purchase Agreement (Prudential Insurance Co of America)

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Litigation, Proceeding, etc. There is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any Governmental Entity which (i) challenges the legality, validity or enforceability of any of the Transaction Documents or Purchase Documents, the Warrants, the Shares or the Underlying Shares; (ii) could would (individually or in the aggregate) reasonably be expected to have a Material Adverse Effect Effect; or (iii) would (individually or in the aggregate) impair the ability of the Company to perform fully on a timely basis any obligations which it has under any of the Transaction Purchase Documents.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Western Pacific Airlines Inc /De/), Stock Purchase Agreement (Gfi Co)

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Litigation, Proceeding, etc. There is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company VI-11 13 or any of its Subsidiaries or any of their respective properties before or by any Governmental Entity which (i) challenges the legality, validity or enforceability of any of the Transaction Documents or the Shares or (ii) could (individually or in the aggregate) reasonably be expected to have a Material Adverse Effect or (iii) would (individually or in the aggregate) impair the ability of the Company to perform fully on a timely basis any obligations which it has under any of the Transaction Documents.

Appears in 1 contract

Samples: Stock Purchase Agreement (Prudential Insurance Co of America)

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