Common use of No Legal Proceeding Clause in Contracts

No Legal Proceeding. There shall not be pending before any court of competent jurisdiction any Legal Proceeding commenced by a Governmental Entity against the Company or Parent that seeks to prohibit the consummation of the Merger and that (i) is likely to result in a judgment adverse to Parent or the Company and (ii) would have a Material Adverse Effect on Parent; and

Appears in 2 contracts

Samples: Merger Agreement (Jazz Technologies, Inc.), Merger Agreement (Tower Semiconductor LTD)

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No Legal Proceeding. There shall not be pending before any court of competent jurisdiction any Legal Proceeding commenced by a Governmental Entity against the Company or Parent that seeks to prohibit the consummation of the Merger and that (i) is likely to result in a judgment adverse to Parent or the Company and (ii) would have a Material Adverse Effect on the Company or a Material Adverse Effect on Parent; and

Appears in 2 contracts

Samples: Merger Agreement (Jazz Technologies, Inc.), Merger Agreement (Tower Semiconductor LTD)

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