Common use of No Action or Proceedings Clause in Contracts

No Action or Proceedings. No statute, rule, regulations, decree, order or injunction shall have been promulgated, enacted or entered by any Governmental Agency or judicial authority and be in effect which would prohibit the consummation of the transactions contemplated by this Agreement and no action or proceeding by or before any court or other Governmental Agency shall have been instituted or threatened by any party to restrain or prohibit Buyer or Parent from consummating the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Willcox & Gibbs Inc /De)

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No Action or Proceedings. No statute, rule, regulationsregulation, decree, order or injunction shall have been promulgated, enacted or entered by any an Governmental Agency or judicial authority and be in effect which would prohibit the consummation of the transactions contemplated by this Agreement and no action or proceeding by or before any court or other Governmental Agency shall have been instituted or threatened by any party to restrain or prohibit Buyer or Parent from consummating the transactions contemplated by this Agreement or to invalidate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Interchange Financial Services Corp /Nj/)

No Action or Proceedings. No statute, rule, regulations, decree, order or injunction shall have been promulgated, enacted or entered by any Governmental Agency Entity or judicial authority and be in effect which would prohibit the consummation of the transactions contemplated by this Agreement and no action or proceeding by or before any court or other Governmental Agency Entity shall have been instituted or threatened by any party to restrain or prohibit Buyer Stockholder or Parent PDR from consummating the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Digital Generation Systems Inc)

No Action or Proceedings. No statute, rule, regulations, decree, order or injunction shall have been promulgated, enacted or entered by any Governmental Agency or judicial authority and be in effect which would prohibit the consummation of the transactions contemplated by this Agreement and no action or proceeding by or before any court or other Governmental Agency shall have been instituted or threatened by any party to restrain or prohibit Buyer Seller, GEMC or Parent the Company from consummating the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Willcox & Gibbs Inc /De)

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No Action or Proceedings. No statute, rule, regulationsregulation, decree, order or injunction shall have been promulgatedpromulaged, enacted or entered by any Governmental Agency or judicial authority and be in effect which would prohibit the consummation of the transactions contemplated by this Agreement and no action or proceeding by or before any court or other Governmental Agency shall have been instituted or threatened by any party to restrain or prohibit Buyer Shareholders or Parent Target from consummating the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Interchange Financial Services Corp /Nj/)

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