Common use of No Adverse Proceeding Clause in Contracts

No Adverse Proceeding. No action, suit, proceeding or investigation before any court, administrative agency or other governmental authority shall be pending or, to the Knowledge of Buyer, threatened against Buyer wherein an unfavorable judgment, decree or order would prevent the carrying out of this Agreement or any of the transactions contemplated hereby, declare unlawful the transactions contemplated hereby or cause such transactions to be rescinded.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Veriteq), Stock Purchase Agreement (HydroPhi Technologies Group, Inc.), Stock Purchase Agreement (Sanomedics, Inc.)

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No Adverse Proceeding. No action, suit, proceeding or investigation before any court, administrative agency or other governmental authority shall be pending or, to the Knowledge knowledge of Buyer, threatened against Buyer wherein an unfavorable judgment, decree or order would prevent the carrying out of this Agreement or any of the transactions contemplated hereby, or declare unlawful the transactions contemplated hereby or cause such transactions to be rescinded.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Mantra Venture Group Ltd.), Asset Purchase Agreement (Intercloud Systems, Inc.)

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No Adverse Proceeding. No action, suit, proceeding or investigation before any court, administrative agency or other governmental authority shall be pending or, to the Knowledge knowledge of Buyer, threatened against Buyer wherein an unfavorable judgment, decree or order would prevent the carrying out of this Agreement or any of the transactions contemplated hereby, declare unlawful the transactions contemplated hereby or cause such transactions to be rescinded.

Appears in 2 contracts

Samples: Interest Purchase Agreement (Intercloud Systems, Inc.), Stock Purchase Agreement (Intercloud Systems, Inc.)

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