Common use of No Legal Impediments to Closing Clause in Contracts

No Legal Impediments to Closing. There shall not be in effect any Order issued by any Governmental Authority preventing the consummation of the Transaction, seeking any Damages as a result of the Transaction, or otherwise affecting the right or ability of Purchaser to own, operate or control the Business, nor shall any Proceeding be pending that seeks any of the foregoing. There shall not be any Legal Requirement prohibiting Sellers from selling or Purchaser from owning, operating or controlling the Business or that makes this Agreement or the consummation of the Transaction illegal.

Appears in 1 contract

Samples: Securities Purchase Agreement (Clean Energy Fuels Corp.)

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No Legal Impediments to Closing. There No Order shall not be in effect any Order issued effect, or be pending by any Governmental Authority preventing Authority, which prohibits, renders illegal, or enjoins, the consummation of the Transaction, seeking any Damages as a result of the Transaction, or otherwise affecting the right or ability of Purchaser to own, operate or control the Business, nor shall any Proceeding be pending that seeks any of the foregoingTransactions. There shall not be any Legal Requirement pending or in effect, prohibiting Sellers Seller from selling or Purchaser from owning, operating or controlling the Business or the Purchased Assets or that makes this Agreement or the consummation of the Transaction Transactions illegal.

Appears in 1 contract

Samples: Asset Purchase Agreement (Verastem, Inc.)

No Legal Impediments to Closing. There shall not be in effect any Order issued by any Governmental Authority preventing the consummation of the TransactionTransactions, seeking any Damages damages as a result of the TransactionTransactions, or otherwise affecting the right or ability of Purchaser to own, operate or control the Business, nor shall any Proceeding be pending that seeks any of Business or the foregoingPurchased Assets. There shall not be any Legal Requirement prohibiting Sellers Seller from selling or Purchaser from owning, operating or controlling the Business or the Purchased Assets or that makes this Agreement or the consummation of the Transaction Transactions illegal.; and

Appears in 1 contract

Samples: Asset Purchase Agreement (STERIS PLC)

No Legal Impediments to Closing. There shall not be in effect any Order issued by any Governmental Authority preventing the consummation of the Transaction, seeking any Damages as a result of the Transaction, or otherwise affecting the right or ability of Purchaser to own, operate or control the Business, nor shall any Proceeding be pending that seeks any of the foregoing. There shall not be any Legal Requirement prohibiting Sellers Seller from selling or Purchaser from owning, operating or controlling the Business or that makes this Agreement or the consummation of the Transaction illegal.

Appears in 1 contract

Samples: Share Purchase Agreement (Myecheck, Inc.)

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No Legal Impediments to Closing. There shall will not be in effect any Order issued by any Governmental Authority preventing the consummation of the Transaction, Transactions or any Action pending brought by a Governmental Authority seeking any Damages as a result to prevent or enjoin the consummation of the Transaction, or otherwise affecting the right or ability of Purchaser to own, operate or control the Business, nor shall any Proceeding be pending that seeks any of the foregoingTransactions. There shall will not be any domestic Legal Requirement prohibiting Sellers Seller from selling or Purchaser from owning, operating or controlling the Business or that makes this Agreement or the consummation of the Transaction Transactions illegal.

Appears in 1 contract

Samples: Asset Purchase Agreement (Aastrom Biosciences Inc)

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