Common use of No Prohibition of Transaction Clause in Contracts

No Prohibition of Transaction. No Proceeding or regulation or legislation shall have been instituted, threatened or proposed before, nor any order issued by, any Governmental Authority to enjoin, restrain, prohibit or obtain substantial damage (a) in respect of, or which is related to, or arises out of, this Agreement or the consummation of the transactions contemplated by this Agreement, or (b) which, in the reasonable judgment of Execute Sports could have a Material Adverse Effect.

Appears in 3 contracts

Samples: Definitive Share Exchange Agreement (Execute Sports Inc), Definitive Share Exchange Agreement (Execute Sports Inc), Definitive Share Exchange Agreement (Execute Sports Inc)

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No Prohibition of Transaction. No Proceeding or regulation or legislation shall have been instituted, threatened or proposed before, nor any an order issued by, any Governmental Authority to enjoin, restrain, prohibit or obtain substantial damage (a) in respect of, or which is related to, or arises out of, this Agreement or the consummation of the transactions contemplated by this Agreement, hereby or (b) which, in the reasonable judgment of Execute Sports Blink Technologies, could have a Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan (ePunk, Inc.)

No Prohibition of Transaction. No Proceeding action, proceeding or investigation (including private causes of action) or regulation or legislation shall have been instituted, threatened or proposed before, nor any order issued by, any Governmental Authority court, governmental agency or authority or legislative body to enjoin, restrain, prohibit or obtain substantial damage (a) damages in respect of, or which is related to, or arises out of, this Agreement or the consummation of the transactions contemplated by this Agreement, or (b) which, in the reasonable judgment of Execute Sports could have a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Terax Energy, Inc.)

No Prohibition of Transaction. No Proceeding or Proceeding, regulation or legislation shall have been instituted, threatened in writing or proposed in writing (other than caused by the act or failure to act of Purchaser or Persons acting on behalf of Purchaser) before, nor any order issued by, any Governmental Authority to enjoin, restrain, prohibit or obtain substantial damage (a) damages in respect of, or which is related to, or which arises out of, this Agreement or the consummation of the transactions contemplated by this Agreement, or (b) which, in the reasonable judgment of Execute Sports could have a Material Adverse Effect.

Appears in 1 contract

Samples: Acquisition Agreement (Crescent Operating Inc)

No Prohibition of Transaction. No Proceeding or regulation or legislation shall have been instituted, threatened or proposed before, nor any order issued by, any Governmental Authority to enjoin, restrain, prohibit or obtain substantial damage (a) in respect of, or which is related to, or arises out of, this Agreement or the consummation of the transactions contemplated by this Agreement, hereby or (b) which, in the reasonable judgment of Execute Sports Up2004snap, could have a Material Adverse Effect.

Appears in 1 contract

Samples: Definitive Share Exchange Agreement (UpSnap, Inc.)

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No Prohibition of Transaction. No Proceeding or regulation or legislation shall have been instituted, threatened or proposed before, nor any order issued by, any Governmental Authority to enjoin, restrain, prohibit or obtain substantial damage (a) in respect of, or which is related to, or arises out of, this Agreement or the consummation of the transactions contemplated by this Agreement, or (b) which, in the reasonable reasonably judgment of Execute Sports ePunk, could have a Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan (ePunk, Inc.)

No Prohibition of Transaction. No Proceeding or regulation or legislation shall have been instituted, threatened or proposed before, nor any order issued by, any Governmental Authority to enjoin, restrain, prohibit or obtain substantial damage (a) in respect of, or which is related to, or arises out of, this Agreement or the consummation of the transactions contemplated by this Agreement, or (b) which, in the reasonable judgment of Execute Sports Manu Forti, could have a Material Adverse Effect.

Appears in 1 contract

Samples: Definitive Share Exchange Agreement (UpSnap, Inc.)

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