No Adverse U. S. LEGISLATION, ACTION OR DECISION. No legislation, order, rule, ruling or regulation shall have been enacted or made by or on behalf of any governmental body, department or agency of the United States, nor shall any legislation have been introduced and favorably reported for passage to either House of Congress by any committee of either such House to which such legislation has been referred for consideration, nor shall any decision of any court of competent jurisdiction within the United States have been rendered which, in the reasonable opinion of AAG, is likely to materially and adversely affect the business, property, operations, condition (financial or otherwise) or prospects of AAG or the Trust or materially and adversely affect any of the Preferred Securities or any part thereof as an investment. There shall be no action, suit, investigation or proceeding pending or threatened, against or affecting the Trust, any of its properties or rights, or any of its Affiliates, associates, officers or directors, before any court, arbitrator or administrative or governmental body which (i) seeks to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement and the other Transaction Documents, or (ii) questions the validity or legality of any such transactions or seeks to recover damages or to obtain other relief in connection with any such transactions, and, to the Trust's knowledge, there shall be no valid basis for any such action, proceeding or investigation.
Appears in 1 contract
Samples: Securities Purchase Agreement (American Annuity Group Capital Trust Ii)
No Adverse U. S. LEGISLATION, ACTION OR DECISION. No legislation, order, rule, ruling or regulation shall have been enacted or made by or on behalf of any governmental body, department or agency of the United States, nor shall any legislation have been introduced and favorably reported for passage to either House of Congress by any committee of either such House to which such legislation has been referred for consideration, nor shall any decision of any court of competent jurisdiction within the United States have been rendered which, in the Purchasers' reasonable opinion of AAGjudgment, is likely to materially and adversely affect the business, property, operations, condition (financial or otherwise) or prospects of AAG or the Trust or could materially and adversely affect any of the Preferred Securities Units or any part thereof as an investment. There shall be no action, suit, investigation or proceeding pending or threatened, threatened against or affecting the TrustPurchasers, any of its their respective properties or rights, or any of its their respective Affiliates, associates, officers or directorsdirectors (in such capacity), before any court, arbitrator or administrative or governmental body which (i) seeks to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement and the other Transaction Documents, or (ii) questions the validity or legality of any such transactions or seeks to recover damages or to obtain other relief in connection with any such transactions, and, to the Trust's Purchasers' knowledge, there shall be no valid basis for any such action, proceeding or investigation.
Appears in 1 contract
No Adverse U. S. LEGISLATIONLegislation, ACTION OR DECISIONAction or Decision. No ----------------------------------------------- legislation, order, rule, ruling or regulation shall have been enacted or made by or on behalf of any governmental body, department or agency of the United States, nor shall any legislation have been introduced and favorably reported for passage to either House of Congress by any committee of either such House to which such legislation has been referred for consideration, nor shall any decision of any court of competent jurisdiction within the United States have been rendered which, in the Principal Purchaser's reasonable opinion of AAGjudgment, is likely to materially and adversely affect the business, property, operations, condition (financial or otherwise) or prospects of AAG or the Trust or could materially and adversely affect any of the Preferred Securities Notes or the Warrants or any part thereof as an investment. There shall be no action, suit, investigation or proceeding pending or threatened, against or affecting the TrustPurchasers, any of its their properties or rights, or any of its their Affiliates, associates, officers or directors, before any court, arbitrator or administrative or governmental body which (i) seeks to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement and the other Transaction Documents, or (ii) questions the validity or legality of any such transactions or seeks to recover damages or to obtain other relief in connection with any such transactions, and, to the Trust's knowledge, and there shall be no valid basis for any such action, proceeding or investigation.
Appears in 1 contract
Samples: Securities Purchase Agreement (Triumph Connecticut LTD Partnership)
No Adverse U. S. LEGISLATION, ACTION OR DECISION. No legislation, order, rule, ruling or regulation shall have been enacted or made by or on behalf of any governmental body, department or agency of the United States, nor shall any legislation have been introduced and favorably reported for passage to either House of Congress by any committee of either such House to which such legislation has been referred for consideration, nor shall any decision of any court of competent jurisdiction within the United States have been rendered which, in the Purchaser's reasonable opinion of AAGjudgment, is likely to materially and adversely affect the business, property, operations, condition (financial or otherwise) or prospects of AAG or the Trust or materially and adversely affect any of the Preferred Securities or any part thereof as an investment. There shall be no action, suit, investigation or proceeding pending or threatened, against or affecting the TrustPurchaser, any of its properties or rights, or any of its Affiliates, associates, officers or directors, before any court, arbitrator or administrative or governmental body which (i) seeks to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement and the other Transaction Documents, or (ii) questions the validity or legality of any such transactions or seeks to recover damages or to obtain other relief in connection with any such transactions, and, to the TrustPurchaser's knowledge, there shall be no valid basis for any such action, proceeding or investigation.
Appears in 1 contract
Samples: Securities Purchase Agreement (American Annuity Group Capital Trust Ii)
No Adverse U. S. LEGISLATION, ACTION OR DECISION. No legislation, order, rule, ruling or regulation shall have been enacted or made by or on behalf of any governmental body, department or agency of the United States, nor shall any legislation have been introduced and favorably reported for passage to either House of Congress by any committee of either such House to which such legislation has been referred for consideration, nor shall any decision of any court of competent jurisdiction within the United States have been rendered which, in the Purchaser's reasonable opinion of AAGjudgment, is likely to materially and adversely affect the business, property, operations, condition (financial or otherwise) or prospects of AAG or the Trust or could materially and adversely affect any of the Preferred Securities New Notes or any part thereof as an investment. There shall be no action, suit, investigation or proceeding pending or threatened, threatened against or affecting the TrustPurchaser, any of its properties or rights, or any of its Affiliates, associates, officers or directorsdirectors (in such capacity), before any court, arbitrator or administrative or governmental body which (i) seeks to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement and the other Transaction Documents, or (ii) questions the validity or legality of any such transactions or seeks to recover damages or to obtain other relief in connection with any such transactions, and, to the TrustPurchaser's knowledge, there shall be no valid basis for any such action, proceeding or investigation.
Appears in 1 contract