Common use of No Material Judgment or Order Clause in Contracts

No Material Judgment or Order. There shall not be on the Closing Date any judgment or order of a court of competent jurisdiction or any ruling of any agency of the Federal, state or local government that, in the reasonable judgment of any Investor or its counsel, would prohibit the sale or issuance of the Securities hereunder or subject the Company to any material penalty if the Securities were to be issued and sold hereunder.

Appears in 2 contracts

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

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No Material Judgment or Order. There shall not be on the Closing ----------------------------- Date any judgment or order of a court of competent jurisdiction or any ruling of any agency of the Federal, state or local government that, in the reasonable judgment of any Investor or its counselthe Company, would prohibit the sale or issuance of the Securities Shares hereunder or subject the Company to any material penalty if the Securities Shares were to be issued and sold hereunder.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Neomagic Corp), Stock Purchase Agreement (Neomagic Corp)

No Material Judgment or Order. There shall not be on the Closing Date any judgment or order of a court of competent jurisdiction or any ruling of any agency Governmental Authority affecting the Company or any Company Affiliate or any condition imposed under any Requirement of Law affecting the Federal, state Company or local government thatany Company Affiliate which, in the reasonable judgment of any Investor or its counselthe Purchasers, would (i) prohibit the sale or issuance purchase of the Securities hereunder Preferred Shares or the consummation of the other transactions contemplated hereunder, (ii) subject the Company Purchasers to any material penalty if the Securities were to be issued and sold hereunder.the

Appears in 1 contract

Samples: Stock Purchase Agreement (P F Changs China Bistro Inc)

No Material Judgment or Order. There shall not be on the Closing ----------------------------- Date any judgment or order of a court of competent jurisdiction or any ruling of any agency of the Federal, state or local government Governmental Body that, in the reasonable judgment of any Investor or its counsel, would prohibit the sale or issuance of the Securities hereunder or subject the Company or any Investor to any material penalty or liability if the Securities were to be issued and sold hereunderhereunder or the other Transactions are consummated.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ixl Enterprises Inc)

No Material Judgment or Order. There shall not be on the Closing Date any judgment or order of a court of competent jurisdiction or any ruling of any agency of the Federal, state or local government Governmental Body that, in the reasonable judgment of any Investor the Company or its counsel, would prohibit the sale or issuance of the Securities hereunder or subject the Purchaser or the Company to any material penalty if on account of the Securities were to be issued and sold hereunderconsummation of the Transactions.

Appears in 1 contract

Samples: Securities Purchase Agreement (Commercial Assets Inc)

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No Material Judgment or Order. There shall not be on the Closing Date any judgment or order of a court of competent jurisdiction or any ruling of any agency of the Federal, state or local government that, in the reasonable judgment of any Investor Purchaser or its counsel, would prohibit the sale or issuance of the Securities hereunder or the issuance or purchase of the LLC Interests or subject any of the Company Companies to any material penalty if the Securities were to be issued and sold hereunderhereunder or the LLC Interests were to be issued or purchased as contemplated hereby.

Appears in 1 contract

Samples: Securities Purchase Agreement (American Residential Investment Trust Inc)

No Material Judgment or Order. There shall not be on the Closing Date any judgment or order of a court of competent jurisdiction or any ruling of any agency Governmental Body that would prohibit or, in any material respect, impede, delay, restrict or tax the sale of the Federal, state or local government that, in the reasonable judgment of any Investor or its counsel, would prohibit the sale or issuance of the Securities hereunder or subject the Company to any material penalty if the Securities were to be issued and sold Shares hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (HMS Holdings Corp)

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