Common use of No Actions or Court Orders Clause in Contracts

No Actions or Court Orders. No Action shall have been instituted or threatened which questions the validity or legality of the transactions contemplated hereby or by the Ancillary Agreements. There shall not be any Legal Requirement that makes the transactions contemplated hereby illegal or otherwise prohibited.

Appears in 3 contracts

Samples: Contribution and Distribution Agreement (Velocityhsi Inc), Contribution and Distribution Agreement (Velocityhsi Inc), Contribution and Distribution Agreement (Velocityhsi Inc)

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No Actions or Court Orders. No Action shall have been instituted or threatened which questions the validity or legality of the transactions contemplated hereby or by the Ancillary AgreementsContemplated Transactions and which could reasonably be expected to have a Material Adverse Effect. There shall not be any Legal Requirement or Order that makes the transactions contemplated hereby Contemplated Transactions illegal or otherwise prohibited.

Appears in 1 contract

Samples: Stock Purchase Agreement (Sports Club Co Inc)

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