No Orders; Legal Proceedings Sample Clauses
The "No Orders; Legal Proceedings" clause restricts the parties from seeking or obtaining court orders or initiating legal proceedings related to the agreement, except under specific circumstances outlined within the contract. In practice, this means that disputes or issues arising under the agreement must typically be resolved through alternative means, such as negotiation or arbitration, rather than through litigation. The core function of this clause is to minimize the risk of costly and time-consuming legal battles, encouraging the parties to resolve disputes privately and efficiently.
No Orders; Legal Proceedings. No Law shall have been enacted, entered, issued, promulgated or enforced by any Governmental Entity, nor shall any Claim have been instituted and remain pending or have been threatened and remain so at what would otherwise be the Closing Date, which prohibits or restricts or would (if successful) prohibit or materially restrict the transactions contemplated by this Agreement or materially restrict the Business from operating following the Closing Date consistent with past practice.
No Orders; Legal Proceedings. As of the Closing Date, except for state Laws requiring prior consent in the event of a change in control or a material change to an application with respect to any Permit governing money order or money transmitter activities, no Law or Order shall have been enacted, entered, issued, promulgated or enforced by any Governmental Entity, nor shall any Action have been instituted and remain pending or, to the Knowledge of Seller, have been threatened and remain so by any Governmental Entity at what would otherwise be the Closing Date, which prohibits or restricts the transactions contemplated by this Agreement so as to not permit the Business as presently conducted to continue unimpaired following the Closing Date. As of the Closing Date, no Governmental Entity shall have notified any Party to this Agreement that consummation of the transactions contemplated by this Agreement would constitute a violation of any Laws of any jurisdiction, unless such Governmental Entity shall have withdrawn such notice prior to the time which otherwise would have been the Closing Date.
No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued, promulgated or enforced by any Governmental Entity, nor shall any Action have been instituted and remain pending or, to the knowledge of Seller or Buyer, have been threatened and remain so by any Governmental Entity at what would otherwise be the Closing Date, that prohibits or restricts or would (if successful) prohibit or restrict the transactions contemplated by this Agreement. No Governmental Entity shall have notified any party to this Agreement that consummation of the transactions contemplated by this Agreement would constitute a violation of any Laws of any jurisdiction or that it intends to commence proceedings to restrain or prohibit such transactions or force divestiture or rescission, unless such Governmental Entity shall have withdrawn such notice and abandoned any such proceedings prior to the scheduled Closing, unless nationally recognized counsel known to have expertise as to such matters on behalf of the party against whom such action or proceeding was or would be instituted renders to the parties a favorable opinion that such action or proceeding is or would be without merit.
No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued or enforced by any Governmental Entity, nor shall any Action have been instituted and remain pending at what would otherwise be the Closing Date, which prohibits or restricts or would (if successful) prohibit or materially restrict the transactions contemplated by this Agreement. No Governmental Entity shall have notified any Party that consummation of the transactions contemplated by this Agreement would constitute a violation of any Laws of any jurisdiction or that it intends to commence proceedings to restrain or prohibit such transactions or force divestiture or rescission, unless such Governmental Entity shall have withdrawn such notice and abandoned any such proceedings prior to the time which otherwise would have been the Closing Date.
No Orders; Legal Proceedings. There shall be no Applicable Law in effect which prohibits or restricts the transactions contemplated by this Agreement or the Ancillary Documents which is not waived by a competent Government Entity.
No Orders; Legal Proceedings. At the Closing, (i) no Law shall have been enacted by any Governmental Entity, and no Order shall have been entered by any Governmental Entity, in either case which prohibits the consummation of the transactions contemplated hereby, including the transfer of the Shares and (ii) no Action shall have been commenced by any Governmental Entity or other Person which seeks to restrain, prohibit, invalidate or adversely alter the transactions contemplated hereby.
No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued, promulgated or enforced by any Governmental Entity, which prohibits or enjoins the Merger. No Action shall be pending by any Governmental Entity having jurisdiction over the Company or any material portion of its Business, which seeks to prohibit or enjoin the consummation of the transactions contemplated hereby.
No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued, promulgated or enforced by any Governmental Entity which prohibits or restricts the transfer of the PRC Shares. No Action shall be pending or threatened by any Governmental Entity (i) challenging or seeking to make illegal or otherwise directly or indirectly restrain or prohibit or make materially more costly the consummation of the transactions contemplated hereby, or seeking to obtain material damages in connection with such transactions or (ii) which has had or would be reasonably likely to have a Material Adverse Effect on the PRC Companies taken as a whole, and no Order shall have been issued which would have the effect of or require anything set forth in clause (i) or clause (ii) above.
No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued, promulgated or enforced by any Governmental Entity shall be in effect (i) having the effect of making the transactions contemplated by this Agreement illegal or (ii) otherwise preventing or prohibiting the consummation of the transactions contemplated hereby.
No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued, promulgated or enforced by any Public Authority, at what would otherwise be the Closing Date, which prohibits or restricts such Closing.