Common use of No Governmental Proceeding or Litigation Clause in Contracts

No Governmental Proceeding or Litigation. No suit, action, investigation, inquiry or other proceeding by any governmental authority or other person shall have been instituted or threatened which questions the validity or legality of the transactions contemplated hereby and which could reasonably be expected materially and adversely to affect the value of the Stock or business of the Company.

Appears in 3 contracts

Samples: Stock Acquisition Agreement (Industrial Data Systems Corp), Stock Acquisition Agreement (Industrial Data Systems Corp), Stock Acquisition Agreement (Industrial Data Systems Corp)

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No Governmental Proceeding or Litigation. No suit, action, investigation, inquiry or other proceeding by any governmental authority or other person shall have been instituted or threatened which questions the validity or legality of the transactions contemplated hereby and which could reasonably be expected materially and adversely to affect damage Stockholder if the value of the Stock or business of the Companytransactions contemplated hereunder are consummated.

Appears in 3 contracts

Samples: Stock Acquisition Agreement (Industrial Data Systems Corp), Stock Acquisition Agreement (Industrial Data Systems Corp), Stock Acquisition Agreement (Industrial Data Systems Corp)

No Governmental Proceeding or Litigation. No suit, action, investigation, inquiry or other proceeding by any governmental authority or other person shall have been instituted or threatened which questions the validity or legality of the transactions contemplated hereby and which could reasonably be expected to materially and adversely to affect the value of the Stock or business of have a Material Adverse Effect if the Companytransactions contemplated hereunder are consummated.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Knickerbocker L L Co Inc), Stock Purchase Agreement (Harlyn Products Inc)

No Governmental Proceeding or Litigation. No suit, action, investigation, inquiry or other proceeding by any governmental authority or other person shall have been instituted or threatened which questions the validity or legality of the transactions contemplated hereby and which could reasonably reasonable be expected materially and adversely to affect the value of the Stock or business of the Company.

Appears in 1 contract

Samples: Stock Acquisition Agreement (Industrial Data Systems Corp)

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No Governmental Proceeding or Litigation. No suit, action, investigation, inquiry or other proceeding by any governmental authority or other person shall have been instituted or threatened which questions the validity or legality of the transactions contemplated hereby and which could reasonably be expected materially and adversely to affect damage Stockholders if the value of the Stock or business of the Companytransactions contemplated hereunder are consummated.

Appears in 1 contract

Samples: Stock Acquisition Agreement (Industrial Data Systems Corp)

No Governmental Proceeding or Litigation. No suit, action, investigation, inquiry or other proceeding by any governmental authority or other person Person shall have been instituted or threatened which questions the validity or legality of the transactions contemplated hereby by the Transaction Documents and which could reasonably be expected materially and adversely to affect damage Sellers in any material respect if the value of the Stock or business of the Companytransactions contemplated thereunder are consummated.

Appears in 1 contract

Samples: Stock Purchase Agreement (Golden State Vintners Inc)

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