Common use of No Legal Impediment to Issuance and/or Sale Clause in Contracts

No Legal Impediment to Issuance and/or Sale. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any domestic or foreign governmental or regulatory authority that would, as of the Closing Date or the Additional Closing Date, as the case may be, prevent the issuance or sale of the Offered ADSs or the Shares represented thereby by the Company or the sale of the Offered ADSs or the Shares represented thereby by the Selling Shareholders; and no injunction or order of any domestic or foreign court shall have been issued that would, as of the Closing Date or the Additional Closing Date, as the case may be, prevent the issuance or sale of the Offered ADSs or the Shares represented thereby by the Company or the sale of the Offered ADSs or the Shares represented thereby by the Selling Shareholders.

Appears in 3 contracts

Samples: Underwriting Agreement (Trony Solar Holdings Co LTD), Underwriting Agreement (Xunlei LTD), Underwriting Agreement (Ambow Education Holding Ltd.)

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No Legal Impediment to Issuance and/or Sale. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any domestic federal, state or foreign governmental or regulatory authority that would, as of the Closing Date or the Additional Closing Date, as the case may be, prevent the issuance or sale of the Offered ADSs or the Shares represented thereby by the Company to the TSG Continuing LLC Owners and the Specified Selling Stockholders in connection herewith or the sale of the Offered ADSs or the Shares represented thereby by the Selling ShareholdersStockholders; and no injunction or order of any domestic federal, state or foreign court shall have been issued that would, as of the Closing Date or the Additional Closing Date, as the case may be, prevent the issuance or sale of the Offered ADSs or the Shares represented thereby by the Company to the TSG Continuing LLC Owners and the Specified Selling Stockholders in connection herewith or the sale of the Offered ADSs or the Shares represented thereby by the Selling ShareholdersStockholders.

Appears in 1 contract

Samples: Underwriting Agreement (Planet Fitness, Inc.)

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No Legal Impediment to Issuance and/or Sale. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any domestic or foreign governmental or regulatory authority that would, as of the Closing Date or the Additional Closing Date, as the case may be, prevent the issuance or sale of the Offered ADSs or the Shares represented thereby by the Company or the sale of the Offered ADSs or the Shares represented thereby by the Selling ShareholdersShareholder; and no injunction or order of any domestic or foreign court shall have been issued that would, as of the Closing Date or the Additional Closing Date, as the case may be, prevent the issuance or sale of the Offered ADSs or the Shares represented thereby by the Company or the sale of the Offered ADSs or the Shares represented thereby by the Selling ShareholdersShareholder.

Appears in 1 contract

Samples: Underwriting Agreement (China Auto Rental Holdings Inc.)

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