Common use of No Obstructive Proceedings Clause in Contracts

No Obstructive Proceedings. 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 existing against Purchaser or an Affiliate of Purchaser 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 shall seek damages against Purchaser or an Affiliate of Purchaser in a material amount by reason of the transactions contemplated hereby.

Appears in 4 contracts

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

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No Obstructive Proceedings. 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 existing against Purchaser Purchasers or an Affiliate of Purchaser Purchasers 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 shall seek damages against Purchaser Purchasers or an Affiliate of Purchaser Purchasers in a material amount by reason of the transactions contemplated hereby.

Appears in 1 contract

Samples: Purchase Agreement (U S Diagnostic Inc)

No Obstructive Proceedings. 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 existing against Purchaser or an Affiliate of the Purchaser which seeks to or would render it unlawful as of the Closing Date to effect the sale acquisition of the Acquired Assets in accordance with the terms hereof, and no such action shall seek damages against Purchaser or an Affiliate of the Purchaser in a material amount by reason of the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (U S Diagnostic Inc)

No Obstructive Proceedings. 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 existing against Purchaser or an Affiliate of Purchaser 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 shall seek damages against Purchaser or an Affiliate of the Purchaser in a material amount by reason of the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Miracor Diagnostics Inc)

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No Obstructive Proceedings. 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 existing against Purchaser or an Affiliate of Purchaser 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 shall seek damages against the Purchaser or an Affiliate of Purchaser in a material amount by reason of the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Insight Health Services Corp)

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