Common use of No Injunction or Order Clause in Contracts

No Injunction or Order. No injunction, order, decree or ruling by any Governmental Authority shall have been issued or in effect that prohibits or limits any of the transactions contemplated by this Agreement or the other Investment Documents and there shall not be any action, suit, proceeding or investigation pending or, to the best knowledge of the Company Parties, threatened against any Company Party or any of its Subsidiaries that (a) draws into question the validity, legality or enforceability of this Agreement or the other Investment Documents or the consummation of the transactions contemplated hereby or thereby or (b) might result, in the judgment of the Purchaser, in the imposition of a penalty if the Securities were delivered as contemplated hereunder or in any Material Adverse Change.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Overhill Farms Inc), Securities Purchase Agreement (Levine Leichtman Capital Partners Ii Lp)

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No Injunction or Order. No injunction, order, decree or ruling by any Governmental Authority shall have been issued or in effect that prohibits or limits any of the transactions contemplated by this Agreement or the other Investment Documents Documents, including the Spin-Off, and there shall not be any action, suit, proceeding or investigation pending or, to the best knowledge of the Company Parties, threatened against any Company Party or any of its Subsidiaries that (a) draws into question the validity, legality or enforceability of this Agreement or the other Investment Documents or the consummation of the transactions contemplated hereby or thereby or (b) might result, in the judgment of the Purchaser, in the imposition of a penalty if the Securities were delivered as contemplated hereunder or in any Material Adverse Change.

Appears in 1 contract

Samples: Securities Purchase Agreement (Levine Leichtman Capital Partners Ii Lp)

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No Injunction or Order. No There shall not have been issued any ---------------------- injunction, order, decree or ruling by any Governmental Authority shall have been issued or in effect that prohibits or limits any of the transactions contemplated by this Agreement or the other Investment Documents Documents, and there shall not be any action, suit, proceeding or investigation pending or, to the best knowledge of the Company Partiesand the Guarantors, threatened against any the Company Party or any of its Subsidiaries that (a) draws into question the validity, legality or enforceability of this Agreement or the other Investment Documents or the consummation of the transactions contemplated hereby or thereby or (b) might result, in the judgment of the Purchaser, in the imposition of a penalty if the Securities were delivered as contemplated hereunder or in any Material Adverse Change.

Appears in 1 contract

Samples: Securities Purchase Agreement (Polyphase Corp)

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