Common use of No Action Taken Restricting Sale Clause in Contracts

No Action Taken Restricting Sale. No Legal Proceeding shall have been commenced or shall be pending or threatened against any of the Vendors at law or in equity or before or by any Tribunal which would affect the title of either of the Vendors to the Purchased Shares owned by such Vendor or would enjoin, restrict or prohibit or would have the effect of preventing the completion of the transactions herein contemplated, including the sale and purchase of the Purchased Shares in accordance with the terms of this Agreement or which might adversely affect the ability of any of the Vendors to enter into this Agreement or to perform their respective obligations hereunder.

Appears in 1 contract

Samples: Agreement (E Tek Dynamics Inc)

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No Action Taken Restricting Sale. No Legal Proceeding shall have been commenced or shall be pending or threatened against any of the Vendors Vendor at law or in equity or before or by any an Tribunal which would affect the title of either of the Vendors Vendor to the Purchased Shares owned by such Vendor Assets or would enjoin, restrict or prohibit or would have the effect of preventing the completion of the transactions herein contemplated, including the sale and purchase of the Purchased Shares Assets in accordance with the terms of this Agreement or which might adversely affect the ability of any of the Vendors Vendor to enter into this Agreement or to perform their respective its obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (McSi Inc)

No Action Taken Restricting Sale. No Legal Proceeding shall have been commenced or shall be pending or threatened against any of the Vendors at law or in equity or before or by any Tribunal which would affect the title of either any of the Vendors to the Purchased Shares owned by such Vendor or would enjoin, restrict or prohibit or would have the effect of preventing the completion of the transactions herein contemplated, including the sale and purchase of the Purchased Shares in accordance with the terms of this Agreement contemplated or which might adversely affect the ability of any of the Vendors to enter into this Agreement or to perform their respective obligations hereunder.

Appears in 1 contract

Samples: Agreement (Fibreboard Corp /De)

No Action Taken Restricting Sale. No Legal Proceeding shall have been commenced or shall be pending or threatened against any of the Vendors Purchaser at law or in equity or before or by any Tribunal which would affect the title of either of the Vendors to the Purchased Shares owned by such Vendor or would adversely affect, enjoin, restrict or prohibit or would have the effect of preventing the completion of the transactions herein contemplated, including the sale and purchase of the Purchased Shares Assets in accordance with the terms of this Agreement or which might adversely affect the ability of any of the Vendors Purchaser to enter into this Agreement or and to perform their its respective obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (United Stationers Supply Co)

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No Action Taken Restricting Sale. No Legal Proceeding shall have been commenced or shall be pending or threatened against any of the Vendors Vendor at law or in equity or before or by any Tribunal which would adversely affect the title of either of the Vendors Vendor to the Purchased Shares owned by such Vendor Assets or would enjoin, restrict or prohibit or would have the effect of preventing the completion of the transactions herein contemplated, including the sale and purchase of the Purchased Shares Assets in accordance with the terms of this Agreement or which might adversely affect the ability of any of the Vendors Vendor to enter into this Agreement or and to perform their its respective obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (McSi Inc)

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