Common use of No Adverse Litigation Clause in Contracts

No Adverse Litigation. On the Closing Date, no action, suit or proceeding shall be pending or threatened against Purchaser which is reasonably likely to materially and adversely affect the transaction contemplated herein.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Community Capital Corp /Sc/), Purchase and Assumption Agreement (Community Capital Corp /Sc/), Purchase and Assumption Agreement (Community Capital Corp /Sc/)

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No Adverse Litigation. On the Closing Date, Date no action, suit or proceeding shall be threatened or pending against the Purchaser or threatened against Purchaser the Seller which is might reasonably likely be expected to materially and adversely affect the transaction transactions contemplated hereinby this Agreement.

Appears in 3 contracts

Samples: Branch Purchase Agreement (United Community Bancorp), Branch Purchase Agreement (Premier Financial Bancorp Inc), Loan Purchase Agreement (Premier Financial Bancorp Inc)

No Adverse Litigation. On the Closing Date, Date no action, suit or proceeding shall be threatened or pending or threatened against Purchaser or Seller which is might reasonably likely be expected to materially and adversely affect the transaction transactions contemplated hereinby this Agreement.

Appears in 2 contracts

Samples: Branch Purchase Agreement (First Financial Service Corp), Purchase and Assumption Agreement (Hopfed Bancorp Inc)

No Adverse Litigation. On the Closing Date, no action, suit or proceeding shall be pending or threatened against the Purchaser which is reasonably likely challenges the validity or consummation of the transactions contemplated under this Agreement or which seeks to materially and adversely affect restrain, prevent, rescind or change the transaction terms of this Agreement or the transactions contemplated hereinhereby which, in the reasonable opinion of Seller, makes it inadvisable to proceed with the transactions contemplated hereby.

Appears in 1 contract

Samples: Branch Purchase Agreement (First Lehigh Corp)

No Adverse Litigation. On the Closing Date, no action, suit or proceeding shall be pending or to the knowledge of the Purchaser threatened nor any order have been entered (i) against the Purchaser which is might reasonably likely by expected to materially and adversely affect the transaction transactions contemplated hereinhereby or (ii) against the Seller or the Purchaser seeking to enjoin the consummation of the transactions contemplated hereby.

Appears in 1 contract

Samples: Purchase and Sale (Southern Connecticut Bancorp Inc)

No Adverse Litigation. On the Closing Date, no action, suit or proceeding shall be is threatened or pending or threatened against Purchaser or Seller which is might reasonably likely be expected to materially and adversely affect the transaction transactions contemplated hereinby this Agreement.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Bancorp, Inc /ME/)

No Adverse Litigation. On the Closing Date, no action, suit or proceeding shall be threatened or pending against the Purchaser or threatened against Purchaser the Seller which is reasonably likely expected to materially and adversely affect the transaction consummation of transactions contemplated hereinby this Agreement.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Wesbanco Inc)

No Adverse Litigation. On the Closing Date, no action, suit or proceeding shall be pending or threatened against Purchaser or NLIC which is reasonably likely to materially and adversely affect the transaction contemplated herein.

Appears in 1 contract

Samples: Branch Development Agreement (Community Capital Corp /Sc/)

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No Adverse Litigation. On the Closing Date, no action, suit or proceeding shall be threatened or pending or threatened against Purchaser or Seller which is might reasonably likely be expected to materially and adversely affect the transaction transactions contemplated hereinby this Agreement.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (DCB Financial Corp)

No Adverse Litigation. On the Closing Date, no action, suit or proceeding shall be pending or threatened against Purchaser or Seller which is reasonably likely to might materially and adversely affect the transaction transactions contemplated hereinthereunder.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Bancorp /Nc/)

No Adverse Litigation. On the Closing Date, no action, suit or proceeding shall be pending or threatened against Purchaser or CCC which is reasonably likely to materially and adversely affect the transaction contemplated herein.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Capital Corp /Sc/)

No Adverse Litigation. On the Closing Date, no action, suit or proceeding shall be threatened or pending against the Purchaser or threatened against Purchaser the Seller which is might reasonably likely be expected to materially and adversely affect the transaction transactions contemplated hereinby this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ohio Legacy Corp)

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