Common use of No Governmental Action Clause in Contracts

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by any of the Operative Documents, by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the Seller, (i) makes any of the transactions contemplated by this Agreement illegal, (ii) results in a material delay in the ability of the Seller to consummate any of the transactions contemplated by this Agreement, or (iii) otherwise prohibits, restricts, or materially delays consummation of any of the transactions contemplated by this Agreement.

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by any of the Operative Documents, Documents by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the Seller, (i) makes any of the transactions contemplated by this Agreement illegal, (ii) results in a material delay in the ability of the Seller to consummate any of the transactions contemplated by this Agreement, or (iii) otherwise prohibits, restricts, or materially delays consummation of any of the transactions contemplated by this Agreement.

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by any of the Operative Documents, by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the Seller, (i) makes any of the transactions contemplated by this Agreement illegal, (ii) results in a material delay in the ability of the Seller to consummate any of the transactions contemplated by this Agreement, or (iii) otherwise prohibits, restricts, or materially delays consummation of any of the transactions contemplated by this Agreement.

No Governmental Action. There shall not have been any action taken, taken or any law, rule, regulation, order, order or decree proposed, promulgated, enacted, entered, enforced, enforced or deemed applicable to the transactions contemplated by any of the Operative Documents, by any federal, state, local, local or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the SellerEquitex and XX.xxx, (i) makes any of the transactions contemplated by this Agreement illegal, (ii) results in a material delay in the ability of the Seller Equitex and XX.xxx to consummate any of the transactions contemplated by this Agreement, (iii) imposes limitations on the ability of XX.xxx effectively to exercise full rights of ownership of the Target's business or (iiiiv) otherwise prohibits, restricts, restricts or materially delays consummation of any of the transactions contemplated by this Agreement.

No Governmental Action. There shall not have been any action taken, taken or any law, rule, regulation, order, order or decree proposed, promulgated, enacted, entered, enforced, enforced or deemed applicable to the transactions contemplated by any of the Operative Documents, by any federal, state, local, local or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the SellerSellers and the Target, (i) makes any of the transactions contemplated by this Agreement illegal, (ii) results in a material delay in the ability of the Seller Sellers and the Target to consummate any of the transactions contemplated by this Agreement, (iii) imposes limitations on the ability of the Sellers effectively to exercise full rights of ownership of Equitex Preferred Stock or Equitex Common Stock or (iiiiv) otherwise prohibits, restricts, restricts or materially delays consummation of any of the transactions contemplated by this Agreement.