Common use of No Change in Law, etc Clause in Contracts

No Change in Law, etc. No legislation, order, rule, ruling or regulation shall have been proposed, enacted or made by or on behalf of any governmental body, department or agency, and no legislation shall have been introduced in either House of Congress, and no investigation by any governmental authority shall have been commenced or threatened, and no action, suit or proceeding shall have been commenced before, and no decision shall have been rendered by, any court, other governmental body or arbitrator, which, in any such case, in the Purchaser's reasonable judgment could adversely affect, restrain, prevent or change the transactions contemplated by the Stock Purchase Agreements (including without limitation the issuance of the Shares hereunder and thereunder and the issuance of the Conversion Shares under the Series B Certificate of Designations) or materially and adversely affect the assets, properties, liabilities, business, affairs, results of operations, condition (financial or otherwise) or prospects of the Company.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Energy Biosystems Corp), Stock Purchase Agreement (Keystone Inc Et Al)

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No Change in Law, etc. No legislation, order, rule, ruling or regulation shall have been proposed, enacted or made by or on behalf of any governmental body, department (including, but not limited to, the U.S. Department of Transportation) or agency, and no legislation shall have been introduced in either House of Congress, and no investigation by any governmental authority shall have been commenced or threatened, and no action, suit or proceeding shall have been commenced before, and no decision shall have been rendered by, any court, other governmental body or arbitrator, which, in any such case, in the Purchaser's reasonable judgment of the Purchasers or their counsel could adversely affect, restrain, prevent or change the transactions contemplated by the Stock Purchase Agreements this Agreement (including without limitation the issuance of the Shares hereunder and thereunder and the issuance of the Conversion Shares under the Series B Certificate of Designationsthereunder) or materially and adversely affect the assets, properties, liabilities, business, affairs, results of operations, condition (financial or otherwise) or prospects of the Company.

Appears in 2 contracts

Samples: Series C 7% Cumulative Convertible Preferred Stock Purchase Agreement (Park N View Inc), Stock Purchase Agreement (PNV Net Inc)

No Change in Law, etc. No legislation, order, rule, ruling or regulation shall have been proposed, enacted or made by or on behalf of any governmental body, department or agency, and no legislation shall have been introduced in either House of Congress, and no investigation by any governmental authority or administrative body shall have been commenced or threatened, and no action, suit or proceeding shall have been commenced before, and no decision shall have been rendered by, any court, other governmental body or arbitrator, which, in any such case, in the Purchaser's Purchasers' reasonable judgment could adversely affect, restrain, prevent or change the transactions contemplated by this Agreement and the Stock Purchase Agreements Loan Documents (including without limitation the issuance of the Shares Notes and the Warrants hereunder and thereunder and or the issuance of Shares upon exercise of the Conversion Shares under the Series B Certificate of DesignationsWarrants) or materially and adversely affect the business, affairs, assets, properties, liabilities, business, affairs, results of operations, condition (financial or otherwise) or prospects of the CompanyCompany on a consolidated basis.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Integral Vision Inc), Note and Warrant Purchase Agreement (Integral Vision Inc)

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No Change in Law, etc. No legislation, order, rule, ruling or regulation shall have been proposed, enacted or made by or on behalf of any governmental body, department or agency, and no legislation shall have been introduced in either House of Congress, and no investigation by any governmental authority or administrative body shall have been commenced or threatened, and no action, suit or proceeding shall have been commenced before, and no decision shall have been rendered by, any court, other governmental body or arbitrator, which, in any such case, in the Purchaser's Purchasers’ reasonable judgment could adversely affect, restrain, prevent or change the transactions contemplated by this Agreement and the Stock Purchase Agreements Loan Documents (including without limitation the issuance of the Shares Notes and the Warrants hereunder and thereunder and or the issuance of Shares upon exercise of the Conversion Shares under the Series B Certificate of DesignationsWarrants) or materially and adversely affect the business, affairs, assets, properties, liabilities, business, affairs, results of operations, condition (financial or otherwise) or prospects of the CompanyCompany on a consolidated basis.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Integral Vision Inc)

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