Common use of No Adverse Litigation Clause in Contracts

No Adverse Litigation. No action, suit or proceeding shall have been instituted or threatened against the Seller, or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, this Agreement or the consummation of the transactions contemplated hereby which in the opinion of Seller makes it inadvisable to proceed to Closing under this Agreement.

Appears in 2 contracts

Samples: Acquisition Agreement (Community Bancshares Inc /De/), Acquisition Agreement (Community Bancshares Inc /De/)

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No Adverse Litigation. No action, suit or proceeding shall have been instituted or threatened against the Seller, Seller or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, or which is related to or arises out of, this Agreement or the consummation of the transactions contemplated hereby which in the opinion of the Seller makes it inadvisable to proceed to the Closing under this Agreement.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (First Alliance/Premier Bancshares Inc), Stock Purchase Agreement (Netbank Inc)

No Adverse Litigation. No action, suit or proceeding shall have been instituted or threatened against the Seller, Seller or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, or which is related to or arises out of, this Agreement or the consummation of the transactions contemplated hereby which in the opinion of Seller the Purchaser makes it inadvisable to proceed to the Closing under this Agreement.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (First Alliance/Premier Bancshares Inc), Stock Purchase Agreement (Netbank Inc)

No Adverse Litigation. No action, suit suit, proceeding or proceeding Litigation shall have been instituted or threatened against the Seller, Sellers or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, of this Agreement or the consummation of the transactions contemplated hereby which in the opinion of Seller the Purchaser makes it inadvisable to proceed to Closing under this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Bancshares Inc /De/)

No Adverse Litigation. No action, suit or proceeding shall have --------------------- been instituted or threatened against the Seller, Seller or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, or which is related to or arises out of, this Agreement or the consummation of the transactions contemplated hereby which in the opinion of Seller makes it inadvisable to proceed to Closing under this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Community Trust Financial Services Corporation)

No Adverse Litigation. No action, suit suit, proceeding or proceeding Litigation shall have been instituted or threatened against the Seller, Seller or the Purchaser by or before any court or governmental agency Governmental Authority to restrain or prohibit, or to obtain damages in respect of, of this Agreement or the consummation of the transactions contemplated hereby which in the opinion of Seller Purchaser makes it inadvisable to proceed to the Closing Date under this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Community Bancshares Inc /De/)

No Adverse Litigation. No action, suit or proceeding shall have been instituted or threatened against the SellerSellers, or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, this Agreement or the consummation of the transactions contemplated hereby which in the opinion of Seller Sellers makes it inadvisable to proceed to Closing under this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Bancshares Inc /De/)

No Adverse Litigation. No action, suit or proceeding shall have been instituted or threatened against the Seller, or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, this Agreement or the consummation of the 241 transactions contemplated hereby which in the opinion of Seller makes it inadvisable to proceed to Closing under this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Community Bancshares Inc /De/)

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No Adverse Litigation. No action, suit or proceeding shall have been instituted or threatened against the Seller, Seller or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, of this Agreement or the consummation of the transactions contemplated hereby which in the opinion of Seller the Purchaser makes it inadvisable to proceed to Closing under this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Community Bancshares Inc /De/)

No Adverse Litigation. No action, suit or proceeding shall have been instituted or threatened against the Seller, or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, this Agreement or the consummation of the transactions contemplated hereby which in the opinion of Seller makes it inadvisable to proceed to the Closing Date under this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Community Bancshares Inc /De/)

No Adverse Litigation. No action, suit or proceeding shall have been instituted or threatened against the Seller, or the Purchaser or the Company by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, this Agreement or the consummation of the transactions contemplated hereby which in the opinion of Seller makes it inadvisable to proceed to Closing under this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Community Bancshares Inc /De/)

No Adverse Litigation. No action, suit or proceeding shall have --------------------- been instituted or threatened against the Seller, Seller or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, or which is related to or arises out of, this Agreement or the consummation of the transactions contemplated hereby which in the opinion of Seller Purchaser makes it inadvisable to proceed to Closing under this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Community Trust Financial Services Corporation)

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