Common use of No Adverse Action or Decision Clause in Contracts

No Adverse Action or Decision. There shall be no action, suit, investigation or proceeding pending, or, to the best of the Purchasers' knowledge, threatened against or affecting the Purchasers or the Company or any of their respective properties that (i) seeks to restrain, enjoin, prevent the consummation of or otherwise affect the Closing or the other transactions contemplated by this Agreement, or (ii) questions the validity or legality of any such transactions or seeks to recover damages or to obtain other relief in connection with any such transactions.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Compressco Inc), Securities Purchase Agreement (Uniview Technologies Corp), 2000 Securities Purchase Agreement (Uniview Technologies Corp)

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No Adverse Action or Decision. There shall be no action, ----------------------------- suit, investigation or proceeding pending, or, to the best of the Purchasers' knowledge, threatened against or affecting the Purchasers or the Company or any of their respective properties that (i) seeks to restrain, enjoin, prevent the consummation of or otherwise affect the Closing or the other transactions contemplated by this Agreement, or (ii) questions the validity or legality of any such transactions or seeks to recover damages or to obtain other relief in connection with any such transactions.

Appears in 1 contract

Samples: Securities Purchase Agreement (Grace Development Inc)

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