Common use of No Prohibition of Transaction Clause in Contracts

No Prohibition of Transaction. No 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 damages in respect of, which is related to, or which arises out of, this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Crescent Operating Inc)

AutoNDA by SimpleDocs

No Prohibition of Transaction. No Proceedingaction, proceeding or investigation (including private causes of action) or 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 court, governmental agency or authority or legislative body to enjoin, restrain, prohibit or obtain substantial damages (i) 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 (ii) which, in the reasonable judgment of Buyer, could have a materially adverse effect on the Companies or the Assets.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cano Petroleum, Inc)

No Prohibition of Transaction. No Proceeding, Proceeding or 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 damages damage (a) 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 reasonably judgment of ePunk, could have a Material Adverse Effect.

Appears in 1 contract

Samples: Merger Agreement (ePunk, Inc.)

No Prohibition of Transaction. No Proceedingaction, proceeding or investigation (including private causes of action) or 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 court, governmental agency or authority or legislative body to enjoin, restrain, prohibit or obtain substantial damages (i) 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 (ii) which, in the reasonable judgment of Seller, is reasonably likely to prevent Buyer from performing any obligation undertaken by it under this Agreement which is to be performed after the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cano Petroleum, Inc)

AutoNDA by SimpleDocs

No Prohibition of Transaction. No Proceedingaction, proceeding or investigation (including private causes of action) or 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 court, governmental agency or authority or legislative body to enjoin, restrain, prohibit or obtain substantial 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.

Appears in 1 contract

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!