Common use of No Burdensome Condition Clause in Contracts

No Burdensome Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Governmental Entity which, in connection with the grant of any Required Statutory Approval, imposes any restriction, condition or obligation upon Upgrade, Company or the Surviving Corporation which would (i) have a Material Adverse Effect on the Business Condition of Company or (ii) materially adversely impact the economic or business benefits of the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Pathways Group Inc), Agreement and Plan of Reorganization (Upgrade International Corp /Fl/)

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No Burdensome Condition. There shall not be any action taken, or any statute, rule, regulation regulation, or order Order enacted, entered, enforced enforced, or deemed applicable to the Merger Mergers by any Governmental Entity which, in connection with the grant of any Required Statutory Approval, imposes any restriction, condition or obligation upon UpgradeParent other than as provided in Section 7.4, Company Companies or the Surviving Corporation Corporations which would (i) have a Material Adverse Effect on the Business Condition of Company or (ii) materially adversely impact the economic or business benefits of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan (Allied Waste Industries Inc)

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No Burdensome Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Governmental Entity which, in connection with the grant of any Required Statutory Approval, imposes any restriction, condition or obligation upon UpgradeMicrosoft, Company or the Surviving Corporation which would (i) have a Material Adverse Effect on the Business Condition of Company or (ii) materially adversely impact the economic or business benefits of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Visio Corp)

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