Common use of No Governmental Intervention Clause in Contracts

No Governmental Intervention. None of the parties to this Agreement or their Affiliates shall have received written notice from any Governmental Authority after the date hereof (or before the date hereof to the extent not disclosed to Buyer in this Agreement and the Schedules hereto) of: (i) its intention to institute any action or proceeding to restrain or enjoin or nullify or render ineffective this Agreement or the transactions contemplated hereby if consummated, or commence any investigation into the consummation of this Agreement or the transactions contemplated hereby; or (ii) the actual commencement of such an investigation; provided, that, in the event such a notice of intention is received or such an investigation is commenced, this Agreement may not be terminated 80 by any of the parties for a period of thirty (30) days from the earlier of the date such notice of intention is first received by any party to this Agreement or notice of commencement of such an investigation is first received by any party hereto (but consummation hereof shall be delayed during such period), but may be terminated thereafter by any party to this Agreement if, in the reasonable opinion of such party there is a reasonable probability that such an investigation will result in an action or proceeding of the type described in Section 7.1.4(a).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Granite Broadcasting Corp)

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No Governmental Intervention. None of the parties to this Agreement or their Affiliates shall have received written notice from any Governmental Authority after the date hereof (or before the date hereof to the extent not disclosed by the Granite Group to Buyer in this Agreement and the Schedules attached hereto) of: (i) its intention to institute any action or proceeding to restrain or enjoin or nullify or render ineffective this Agreement or the transactions contemplated hereby if consummated, or commence any investigation into the consummation of this Agreement or and the transactions contemplated hereby; or (ii) the actual commencement of such an investigation; provided, that, subject to the provisions of Section 3.2 hereof, in the event such a notice of intention is received or such an investigation is commenced, this Agreement may not be terminated 80 by any of the parties for a period of thirty (30) days from the earlier of the date such notice of intention is first received by any party to this Agreement or notice of commencement of such an investigation is first received by any party hereto (but consummation hereof shall be delayed during such period), but may be terminated thereafter by any party to this Agreement if, in the reasonable opinion of such party there is a reasonable probability that such an investigation will result in an action or proceeding of the type described in Section 7.1.4(a7.2.5(a).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Granite Broadcasting Corp)

No Governmental Intervention. None of the parties to this Agreement or their Affiliates shall have received written notice from any Governmental Authority after the date hereof (or before the date hereof to the extent not disclosed to Buyer in this Agreement and the Schedules hereto) of: (i) its intention to institute any action or proceeding to restrain or enjoin or nullify or render ineffective this Agreement or the transactions contemplated hereby if consummated, or commence any investigation into the consummation of this Agreement or and the transactions contemplated hereby; or (ii) the actual commencement of such an investigation; provided, that, subject to the provisions of Section 3.2 hereof, in the event such a notice of intention is received or such an investigation is commenced, this Agreement may not be terminated 80 by any of the parties for a period of thirty (30) days from the earlier of the date such notice of intention is first received by any party to this Agreement or notice of commencement of such an investigation is first received by any party hereto (but consummation hereof shall be delayed during such period), but may be terminated thereafter by any party to this Agreement if, in the reasonable opinion of such party there is a reasonable probability that such an investigation will result in an action or proceeding of the type described in Section 7.1.4(a7.2.5(a).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Granite Broadcasting Corp)

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No Governmental Intervention. None of the parties to this Agreement or their Affiliates shall have received written notice from any Governmental Authority after the date hereof (or before the date hereof to the extent not disclosed to Buyer in this Agreement and the Schedules hereto) of: (i) its intention to institute any action or proceeding to restrain or enjoin or nullify or render ineffective this Agreement or the transactions contemplated hereby if consummated, or commence any investigation into the consummation of this Agreement or the transactions contemplated hereby; or (ii) the actual commencement of such an investigation; provided, that, subject to the provisions of Section 3.2 hereof, in the event such a notice of 75 intention is received or such an investigation is commenced, this Agreement may not be terminated 80 by any of the parties for a period of thirty (30) days from the earlier of the date such notice of intention is first received by any party to this Agreement or notice of commencement of such an investigation is first received by any party hereto (but consummation hereof shall be delayed during such period), but may be terminated thereafter by any party to this Agreement if, in the reasonable opinion of such party there is a reasonable probability that such an investigation will result in an action or proceeding of the type described in Section 7.1.4(a).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Granite Broadcasting Corp)

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