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 federal, state or foreign governmental or regulatory authority that would, as of the Closing Date, prevent the issuance of Shares by the Company to the TSG Continuing LLC Owners in connection herewith or the sale of the Shares by the Selling Stockholders; and no injunction or order of any federal, state or foreign court shall have been issued that would, as of the Closing Date, prevent the issuance of Shares by the Company to the TSG Continuing LLC Owners in connection herewith or the sale of the Shares by the Selling Stockholders.

Appears in 3 contracts

Samples: Underwriting Agreement (Planet Fitness, Inc.), Underwriting Agreement (Planet Fitness, Inc.), 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 federal, state or foreign governmental or regulatory authority that would, as of the Closing Date, prevent the issuance of Shares by the Company to the TSG Continuing LLC Owners and the Specified Selling Stockholders in connection herewith or the sale of the Shares by the Selling Stockholders; and no injunction or order of any federal, state or foreign court shall have been issued that would, as of the Closing Date, prevent the issuance of Shares by the Company to the TSG Continuing LLC Owners and the Specified Selling Stockholders in connection herewith or the sale of the Shares by the Selling Stockholders.

Appears in 1 contract

Samples: Underwriting Agreement (Planet Fitness, Inc.)

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