No Adverse Law. No order, statute, rule, regulation, executive order, order, decree, ruling or injunction shall have been enacted, entered or promulgated by any court of competent jurisdiction or Governmental Authority that makes illegal, or otherwise prohibits or restrains in any material respect, the consummation of the Transactions.
No Adverse Law. No Law shall have been enacted, entered, promulgated or enforced by any Governmental Authority that is in effect and has the effect of (i) making the purchase and sale of the Purchased Assets illegal or (ii) prohibiting the consummation of the Transactions.
No Adverse Law. No new Law, statute, by-law, regulation, order, decree or other action shall have been enacted or introduced whether federal, provincial, municipal, local or otherwise, which in the reasonable opinion of the Seller materially impairs or may materially impair the Consideration Shares or the Buyer’s business.
No Adverse Law. No Applicable Law shall have been enacted, entered, promulgated or enforced by any Governmental Authority that is in effect and has the effect of prohibiting or limiting, or seeks to prohibit or limit, ownership, manufacture, use or Distribution of the Compounds or the ownership or Exploitation by Buyer of any material portion of the Purchased Assets or the conduct of any material portion of the Exploitation of the Technology or compelling or seeking to compel Buyer to dispose or hold separate any material portion of Buyer’s business or assets as a result of the transactions contemplated hereunder.
No Adverse Law. There shall not have been any Applicable Law enacted, enforced, promulgated, or issued to make illegal or otherwise directly or indirectly to restrain or prohibit the consummation of the transactions contemplated hereby.
No Adverse Law. No Governmental Authority or court of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any statute, rule, regulation, writ, decree, judgment, injunction or other order (whether temporary, preliminary or permanent) that is in effect and has the effect of making the sale or purchase of the Purchased Assets pursuant to the terms of this Agreement illegal or otherwise prohibiting consummation of the sale or purchase of the Purchased Assets.
No Adverse Law. UniversityCare has no knowledge of any current law or regulation under the Internal Revenue Code of 1986, as amended, which is applicable to any tax exempt entity which is an affiliate of UniversityCare, and which, by its specific terms, would prevent the investment by UniversityCare hereunder.
