Common use of No Obstructive Proceeding Clause in Contracts

No Obstructive Proceeding. No action or proceeding shall have been instituted or threatened against and no order, decree or judgment of any court, agency, commission or Governmental Authority shall be existing against Seller or its business which seeks to or would render it unlawful as of the Closing to effect the sale of the Acquired Assets in accordance with the terms hereof, and no such action whether instituted or threatened shall seek damages against Seller or its business in a material amount by reason of the transactions contemplated hereby.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Health & Nutrition Systems International Inc), Asset Purchase Agreement (Tisi Christopher)

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No Obstructive Proceeding. No action or proceeding shall have been instituted or threatened against and no order, decree or judgment of any court, agency, commission or Governmental Authority shall be existing against Seller or its business which seeks to or would render it unlawful as of the Closing to effect the sale of the Acquired Assets in accordance with the terms hereof, and no such action whether instituted or threatened shall seek damages against Seller or its business the Business in a material amount by reason of the transactions contemplated hereby.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Health & Nutrition Systems International Inc), Asset Purchase Agreement (Tisi Christopher)

No Obstructive Proceeding. No action or proceeding shall have been instituted or threatened against and no order, decree or judgment of any court, agency, commission or Governmental Authority shall be existing against Seller Seller, USD or its business the Business which seeks to or would render it unlawful as of the Closing to effect the sale of the Acquired Assets in accordance with the terms hereof, and no such action whether instituted or threatened shall seek damages against Seller Seller, USD or its business the Business in a material amount by reason of the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Miracor Diagnostics Inc)

No Obstructive Proceeding. No action or proceeding shall have been instituted or threatened against and no order, decree or judgment of any court, agency, commission or Governmental Authority shall be existing against Seller any Seller, USD or its business the Businesses which seeks to or would render it unlawful as of the Closing Date to effect the sale of the Acquired Assets in accordance with the terms hereof, and no such action whether instituted or threatened shall seek damages against Seller any Seller, USD or its business the Businesses in a material amount by reason of the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (U S Diagnostic Inc)

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No Obstructive Proceeding. No action or proceeding shall have been instituted or threatened against and no order, decree or judgment of any court, agency, commission or Governmental Authority shall be existing against Seller Seller, Assael, USD or its business the Business which seeks to or would render it unlawful as of the Closing to effect the sale of the Acquired Assets in accordance with the terms hereof, and no such action whether instituted or threatened shall seek damages against Seller Seller, Assael, USD or its business the Business in a material amount by reason of the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Insight Health Services Corp)

No Obstructive Proceeding. No action or proceeding shall have been instituted or threatened against and no order, decree or judgment of any court, agency, commission or Governmental Authority shall be existing against any Seller or its business any Business which seeks to or would render it unlawful as of the Closing to effect the sale of the Acquired Assets Purchased Shares in accordance with the terms hereof, and no such action whether instituted or threatened shall seek damages against any Seller or its business any Business in a material amount by reason of the transactions contemplated hereby.

Appears in 1 contract

Samples: Purchase Agreement (U S Diagnostic Inc)

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