Common use of No Litigation; No Violation of Orders Clause in Contracts

No Litigation; No Violation of Orders. There shall have been no litigation or other proceeding commenced or threatened by any person or entity with respect to the transactions contemplated by this Agreement or otherwise affecting or concerning the business operations or financial condition of any Transferor that would have a material adverse impact on the Greenville Ministry. The Transaction shall not violate any order, decree, or judgment of any court or government body having competent jurisdiction, and Transferee shall not have reasonably determined that such transactions have become inadvisable or impractical by reason of any order, decree, or judgment of any court of competent jurisdiction materially restraining or prohibiting the effective operation by Transferee of the Greenville Ministry, after the Closing Date.

Appears in 2 contracts

Samples: Asset Transfer Agreement, Asset Transfer Agreement

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No Litigation; No Violation of Orders. There shall have been no litigation or other proceeding commenced or threatened by any person or entity with respect to the transactions contemplated by this Agreement Transaction that would have a material adverse impact on the Greenville Ministry or otherwise affecting or concerning the business operations or financial condition of any Transferor that would have a material adverse impact on the Greenville MinistryTransferee. The Transaction transactions contemplated herein shall not violate any order, decree, or judgment of any court or government governmental body having competent jurisdiction, and Transferee Transferors shall not have reasonably determined that such transactions Transaction have become inadvisable or impractical by reason of any order, decree, or judgment of any court of competent jurisdiction materially restraining or prohibiting the effective operation by Transferee Transferors of the Greenville Ministry, after the Closing Date.. ELECTRONICALLY FILED - 2020 Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012

Appears in 1 contract

Samples: Asset Transfer Agreement

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No Litigation; No Violation of Orders. There shall have been no litigation or other proceeding commenced or threatened by any person or entity with respect to the transactions contemplated by this Agreement Transaction that would have a material adverse impact on the Greenville Ministry or otherwise affecting or concerning the business operations or financial condition of any Transferor that would have a material adverse impact on the Greenville MinistryTransferee. The Transaction transactions contemplated herein shall not violate any order, decree, or judgment of any court or government governmental body having competent jurisdiction, and Transferee Transferors shall not have reasonably determined that such transactions Transaction have become inadvisable or impractical by reason of any order, decree, or judgment of any court of competent jurisdiction materially restraining or prohibiting the effective operation by Transferee Transferors of the Greenville Ministry, after the Closing Date.. ELECTRONICALLY FILED - 2020 Feb 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012

Appears in 1 contract

Samples: Asset Transfer Agreement

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