Common use of No Impairment or Delay Clause in Contracts

No Impairment or Delay. To the Knowledge of the Buyer, it is not subject to any condition or event that would reasonably be expected to (i) impair in any material respect the ability of the Buyer to perform its obligations under this Agreement or (ii) prevent or materially delay the consummation of any of the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Medallion Financial Corp), Asset Purchase Agreement (Medallion Financial Corp)

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No Impairment or Delay. To the Knowledge of the Buyer, it Buyer is not subject to any condition or event that would reasonably be expected to (ia) impair in any material respect the ability of the Buyer to perform its obligations under this Agreement Agreement, or (iib) prevent or materially delay the consummation of any of the transactions contemplated by this AgreementContemplated Transactions. Without limitation, there is in effect no temporary restraining order, injunction or similar equitable relief applicable to Buyer prohibiting or seeking to prohibit consummation of the Contemplated Transactions.

Appears in 1 contract

Samples: Platform Assets Purchase Agreement (Allied Capital Corp)

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No Impairment or Delay. To the Knowledge of the Buyer, it (a) Buyer is not subject to any condition or event that would reasonably be expected to (i) impair in any material respect the ability of the Buyer to perform its obligations under this Agreement or Agreement, (ii) prevent or materially delay the consummation of any of the transactions contemplated by this AgreementContemplated Transactions, or (iii) impair Buyer’s ability to own the Real Estate Securities after Closing.

Appears in 1 contract

Samples: Real Estate Securities Purchase Agreement (Allied Capital Corp)

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