Common use of No Litigation or Legislation Clause in Contracts

No Litigation or Legislation. No Legal Requirement shall have been enacted after the date hereof and no Proceeding shall be pending which prohibits or seeks to prohibit, or materially restricts or delays the consummation of the transactions contemplated by the Documents or materially restricts or impairs the ability of the Purchasers to own Securities of the Company.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Chase Venture Capital Associates L P), Securities Purchase Agreement (Gentle Dental Service Corp), Securities Purchase Agreement (Donaldson Lufkin & Jenrette Inc /Ny/)

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No Litigation or Legislation. No Legal Requirement shall have been enacted after the date hereof and no Proceeding shall be pending which prohibits or seeks to prohibit, or materially restricts or delays the consummation of the transactions contemplated by the Documents or materially restricts or impairs the ability of the Purchasers to own Securities Preferred Shares of the Company.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ixl Enterprises Inc), Securities Purchase Agreement (Ixl Enterprises Inc)

No Litigation or Legislation. No Legal Requirement legislation shall have been enacted after the date hereof and no Proceeding shall be pending which prohibits or seeks to prohibit, or materially restricts or delays the consummation of the transactions contemplated by the Documents or materially restricts or impairs the ability of the Purchasers to own Securities of the CompanyDocuments.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ucap Inc)

No Litigation or Legislation. No Legal Requirement legislation shall have been enacted after the date hereof and no Proceeding proceeding shall be pending which prohibits or seeks to prohibit, or materially restricts or delays the consummation of the transactions contemplated by the Documents documents or materially restricts or impairs the ability of the Purchasers to own Securities Series E Preferred Stock of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Iparty Corp)

No Litigation or Legislation. No Legal Requirement shall have been enacted after the date hereof and no Proceeding shall be pending which prohibits or seeks to prohibit, or materially restricts or delays the consummation of the transactions contemplated by the Documents or materially restricts or impairs the ability of the Purchasers Investors to own Securities of the Company.

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (Safety 1st Inc)

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No Litigation or Legislation. No Legal Requirement shall have been enacted after the date hereof and no Proceeding proceeding shall be pending which prohibits or seeks to prohibit, or materially restricts or delays the consummation of the transactions contemplated by the Transaction Documents or materially restricts or impairs the ability of the Purchasers Investor to own Securities of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Alpha Microsystems)

No Litigation or Legislation. No Legal Requirement legislation shall have been enacted after the date hereof and no Proceeding shall be pending which prohibits or seeks to prohibit, or materially restricts or delays the consummation of the transactions contemplated by the Documents or materially restricts or impairs the ability of the Purchasers to own Securities of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ucap Inc)

No Litigation or Legislation. No Legal Requirement legislation shall have been enacted after the date hereof and no Proceeding proceeding shall be pending which prohibits or seeks to prohibit, or materially restricts or delays the consummation of the transactions contemplated by the Documents documents or materially restricts or impairs the ability of the Purchasers Purchaser to own Securities Series F Preferred Stock of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Iparty Corp)

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