Common use of No Government Proceeding or Litigation Clause in Contracts

No Government Proceeding or Litigation. No suit, action, -------------------------------------- investigation, inquiry, or other proceeding by any governmental body or other person or legal or administrative proceeding shall have been instituted or threatened which (a) questions the validity or legality of the transactions contemplated hereby, (b) in the sole and exclusive judgment of Buyer materially impairs the Issuer's ability to exercise control over or manage the business and affairs of the Issuer after the Closing, or (c) in the sole and exclusive judgment of Buyer might have a material adverse effect on the business or financial condition of the Issuer.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Knickerbocker L L Co Inc), Agreement of Purchase and Sale (Knickerbocker L L Co Inc)

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No Government Proceeding or Litigation. No suit, action, -------------------------------------- investigation, inquiry, or other proceeding by any governmental body or other person or legal or administrative proceeding shall have been instituted or threatened which (a) questions the validity or legality of the transactions contemplated hereby, (b) in the sole and exclusive judgment of Buyer the Issuer materially impairs the IssuerBuyer's ability to exercise control over or manage the business and affairs of the Issuer Buyer after the Closing, or (c) in the sole and exclusive judgment of Buyer the Issuer might have a material adverse effect on the business or financial condition of the IssuerBuyer.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Knickerbocker L L Co Inc), Agreement of Purchase and Sale (Knickerbocker L L Co Inc)

No Government Proceeding or Litigation. No suit, action, -------------------------------------- investigation, inquiry, or other proceeding by any governmental body or other person or legal or administrative proceeding shall have been instituted or threatened which (a) questions the validity or legality of the transactions contemplated hereby, (b) in the sole and exclusive judgment of Buyer materially impairs the Issuer's ability to exercise control over or manage the business and affairs of the Issuer after the Closing, or (c) in the sole and exclusive judgment of Buyer might have a material adverse effect on the business or financial condition of the Issuer.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Ontro Inc)

No Government Proceeding or Litigation. No suit, action, -------------------------------------- investigation, inquiry, or other proceeding by any governmental body or other person or legal or administrative proceeding shall have been instituted or threatened which (a) questions the validity or legality of the transactions contemplated hereby, (b) in the sole and exclusive judgment of Buyer the Issuer materially impairs the IssuerBuyer's ability to exercise control over or manage the business and affairs of the Issuer Buyer after the Closing, or (c) in the sole and exclusive judgment of Buyer the Issuer might have a material adverse effect on the business or financial condition of the IssuerBuyer.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Ontro Inc)

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No Government Proceeding or Litigation. No Except as set forth in -------------------------------------- the DISCLOSURE SCHEDULE, no suit, action, -------------------------------------- investigation, inquiry, inquiry or other proceeding by any governmental body or other person or legal or administrative proceeding shall have been instituted or threatened which (a) questions the validity or legality of the transactions contemplated hereby, (b) in the sole and exclusive judgment of Buyer materially impairs the IssuerBuyer's ability to exercise control over or manage the business and affairs of the Issuer Company after the Closing, or (c) in the sole and exclusive judgment of Buyer might have a material adverse effect on the business or financial condition of the IssuerCompany.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Knickerbocker L L Co Inc)

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