Common use of No Pending or Threatened Claims Clause in Contracts

No Pending or Threatened Claims. There shall be no claim, action, suit, investigation or other proceeding pending or overtly threatened before any court or other Governmental Entity that presents a substantial risk of restraint or prohibition of the Merger or the obtaining of material damages from Eldorado, CSBI or Merger Sub or their respective officers or directors in connection therewith; and no such restraint or prohibition shall be effective as of the Closing, whether or not the action in which the same was entered shall remain pending.

Appears in 3 contracts

Samples: Merger Agreement (Eldorado Bancorp), Merger Agreement (Commerce Security Bancorp Inc), Merger Agreement (Commerce Security Bancorp Inc)

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No Pending or Threatened Claims. There shall be no claim, action, suit, investigation or other proceeding pending or overtly threatened before any court or other Governmental Entity that presents a substantial risk of restraint or prohibition of the Merger or the obtaining of material damages from Eldoradothe Company, CSBI Parent or Merger Sub or their respective officers or directors in connection therewith; and no such restraint or prohibition shall be effective as of the ClosingClosing or the Effective Time, whether or not the action in which the same was entered shall remain pending.

Appears in 1 contract

Samples: Merger Agreement (Microsemi Corp)

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