Common use of No Obstructive Proceeding Clause in Contracts

No Obstructive Proceeding. No action or proceedings shall have been instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Seller which seeks to, or would, render it unlawful as of the Closing to effect the transactions contemplated hereby, and no such action shall seek damages in a material amount by reason of the transactions contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 3 contracts

Samples: Accounting Business Asset Purchase Agreement (National Medical Financial Services Corp), Asset Purchase Agreement (National Medical Financial Services Corp), Medical Billing Business Asset Purchase Agreement (National Medical Financial Services Corp)

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No Obstructive Proceeding. No action or proceedings shall have been instituted againstinstituted, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting subsisting, against Seller any of the Sellers or the Purchaser which seeks to, or would, render it unlawful as of the Closing to effect the transactions contemplated herebyhereby in accordance with the terms hereof, and no such action shall seek damages in a material amount by reason of the transactions contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Community Bancshares Inc /De/), Stock Purchase Agreement (Community Bancshares Inc /De/)

No Obstructive Proceeding. No action or proceedings shall have been ------------------------- instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Seller Xxxxxxxxx which seeks seek to, or would, render it unlawful as of the Closing to effect the transactions contemplated hereby, and no such action shall seek damages in a material amount by reason of the transactions contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 2 contracts

Samples: Merger Agreement (Vivra Inc), Merger Agreement (Vivra Inc)

No Obstructive Proceeding. β€Œ No action or proceedings shall have been instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Seller which Buyer or the officers or directors of Buyer that seeks to, or would, render it unlawful as of the Closing to effect the transactions contemplated herebyhereby in accordance with the terms hereof, and no such action shall seek damages in a material amount by reason of the transactions transaction contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 1 contract

Samples: Asset Purchase Agreement

No Obstructive Proceeding. No action or proceedings shall have been instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Seller Primergy or the officers or directors of Primergy which seeks to, or would, render it unlawful as of the Closing to effect the transactions contemplated herebyhereby in accordance with the terms hereof, and no such action shall seek damages in a material amount by reason of the transactions transaction contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 1 contract

Samples: Agreement (Wellcare Management Group Inc)

No Obstructive Proceeding. No action or proceedings shall have been instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Seller SELLER, or the officers or directors of SELLER, which seeks to, or would, render it unlawful as of the Closing to effect the transactions contemplated herebyhereby in accordance with the terms hereof, and no such action shall seek damages in a material amount by reason of the transactions contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 1 contract

Samples: Asset Purchase Agreement (Promedco Management Co)

No Obstructive Proceeding. No action or proceedings proceeding shall have been instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Seller the Company which seeks to, to or would, would render it unlawful as of the Closing to effect affect the transactions contemplated herebyasset sale in accordance with the terms hereof, and no such action shall seek damages in a material amount by reason of the transactions contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hospital Staffing Services Inc)

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No Obstructive Proceeding. β€Œ No action or proceedings shall have been instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Seller which Seller, or the officers or directors of Seller, that seeks to, or would, render it unlawful as of the Closing to effect the transactions contemplated herebyhereby in accordance with the terms hereof, and no such action shall seek damages in a material amount by reason of the transactions contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 1 contract

Samples: Asset Purchase Agreement

No Obstructive Proceeding. No action or proceedings shall have been ------------------------- instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Seller which seeks to, or would, render it unlawful as of the Closing to effect the transactions contemplated hereby, and no such action shall seek damages in a material amount by reason of the transactions contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 1 contract

Samples: Asset Purchase Agreement (Equimed Inc)

No Obstructive Proceeding. No action or proceedings shall have been instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Seller Buyers or the officers or directors of Buyers which seeks to, or would, render it unlawful as of the Closing to effect the transactions contemplated herebyhereby in accordance with the terms hereof, and no such action shall seek damages in a material amount by reason of the transactions transaction contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cadence Financial Corp)

No Obstructive Proceeding. No action or proceedings shall have been ------------------------- instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Seller Purchaser or its affiliates which seeks to, or would, render it unlawful as of the Closing to effect the transactions contemplated herebyasset sale in accordance with the terms hereof, and no such action shall seek damages in a material amount by reason of the transactions contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.

Appears in 1 contract

Samples: Asset Purchase Agreement (Equimed Inc)

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