Common use of No Governmental Proceedings or Litigation Clause in Contracts

No Governmental Proceedings or Litigation. No Action by any Governmental Entity shall have been instituted or threatened which questions the validity or legality of the transaction contemplated hereby and which could reasonably be expected to affect materially the right or ability of Buyer to own the Company Stock after the Closing or to damage Buyer materially if the transactions contemplated hereunder are consummated.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Lois/Usa Inc), Stock Purchase Agreement (Lois/Usa Inc)

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No Governmental Proceedings or Litigation. No Action by any Governmental Entity governmental authority shall have been instituted or threatened which questions the validity or legality of the transaction contemplated hereby and which could reasonably be expected to affect materially the right or ability of Buyer Purchaser to own own, operate or possess the Company Stock Purchased Assets after the Closing or to damage Buyer Purchaser materially if the transactions contemplated hereunder are consummated.

Appears in 1 contract

Samples: Asset Purchase Agreement (Applied Research Corp)

No Governmental Proceedings or Litigation. No Action by any Governmental Entity shall have been instituted or threatened which questions the validity or legality of the transaction transactions contemplated hereby and which could reasonably be expected to affect materially the right or ability of Buyer to own operate the Company Stock Businesses after the Closing or to damage Buyer materially if the transactions contemplated hereunder are consummated.

Appears in 1 contract

Samples: Acquisition Agreement (Phoenix Companies Inc/De)

No Governmental Proceedings or Litigation. No Action by any Governmental Entity shall have been instituted or threatened which questions the validity or legality of the transaction transactions contemplated hereby and which could reasonably be expected to affect materially the right or ability of Buyer to own operate the Company Stock Business after the Closing or to damage Buyer materially if the transactions contemplated hereunder are consummated.

Appears in 1 contract

Samples: Acquisition Agreement (Phoenix Companies Inc/De)

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No Governmental Proceedings or Litigation. No Action action by any Governmental Entity governmental entity shall have been instituted or threatened which questions the validity or legality of the transaction transactions contemplated hereby and which could reasonably be expected to affect materially the right or ability of Buyer the Company to own the Company Stock shares of Premier as contemplated hereby after the Closing or materially to damage Buyer materially the Company or of Premier if the transactions contemplated hereunder are consummated.

Appears in 1 contract

Samples: Contribution Agreement (PMCC Financial Corp)

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