Common use of No Adverse Condition Clause in Contracts

No Adverse Condition. No action has been taken by any competent authority which restrains, prevents or imposes material adverse conditions upon, or seeks to restrain, prevent or impose material adverse conditions upon, the consummation of any of the transactions contemplated by the Loan Documents or the Transaction Documents.

Appears in 8 contracts

Samples: Foamex International Guaranty (Foamex Capital Corp), Foamex International Guaranty (General Felt Industries Inc), Foamex International Guaranty (Foamex Fibers Inc)

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No Adverse Condition. No action has been taken by any competent authority which restrains, prevents or imposes material adverse conditions upon, or seeks to restrain, prevent or impose material adverse conditions upon, the consummation of any of the transactions contemplated by the Loan Documents or the Transaction Documents.

Appears in 1 contract

Samples: Pledge Agreement (Trace International Holdings Inc)

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