Common use of No Restraint or Litigation Clause in Contracts

No Restraint or Litigation. (a) Any applicable waiting period under the HSR Act shall have expired or have been terminated and there shall not be in effect any preliminary or permanent injunction or other order, decree or ruling by a court of competent jurisdiction or by a Governmental Body, no statute, rule, regulation or executive order shall have been promulgated or enacted by a Governmental Body and there shall not be in effect any temporary restraining order of a court of competent jurisdiction, which, in any case, restrains or prohibits the transactions contemplated hereby. (b) There shall not be in existence any suit, action, proceeding or investigation instigated by a Governmental Body before any court or governmental agency or body to prohibit the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Acme Communications Inc), Asset Purchase Agreement (Acme Communications Inc)

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No Restraint or Litigation. (a) Any applicable waiting period under the HSR Act shall have expired or have been terminated and there shall not be in effect any preliminary or permanent injunction or other order, decree or ruling by a court of competent jurisdiction or by a Governmental Body, no statute, rule, regulation or executive order shall have been promulgated or enacted by a Governmental Government Body and there shall not be in effect any temporary restraining order of a court of competent jurisdiction, which, in any case, restrains or prohibits the transactions contemplated hereby. (b) There shall not be in existence any suit, action, proceeding or investigation instigated by a Governmental Body before any court or governmental agency or body to prohibit the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Acme Communications Inc), Asset Purchase Agreement (Acme Communications Inc)

No Restraint or Litigation. (a) Any applicable waiting period under the HSR Act shall have expired or have been terminated and there shall not be in effect any preliminary or permanent injunction or other order, decree or ruling by a court of competent jurisdiction or Order by a Governmental BodyAuthority, no statute, rule, regulation or executive order Requirement of Law shall have been promulgated or enacted by a Governmental Body Authority and there shall not be in effect any temporary restraining order of a court of competent jurisdiction, which, in any case, restrains or prohibits the transactions contemplated hereby. (b) There shall not be in existence any suit, action, proceeding or investigation Claim instigated by a Governmental Body Authority before any court or governmental agency or body to prohibit the transactions contemplated by this Agreement; provided, however, that this condition may not be invoked by the Optionee if any such action, suit or proceeding was solicited or encouraged by, or instituted as a result of any act or omission of, the Optionee in breach of this Agreement.

Appears in 1 contract

Samples: Option Agreement (Tv Azteca Sa De Cv)

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No Restraint or Litigation. (a) Any applicable waiting period under the HSR Act shall have expired or have been terminated and there shall not be in effect any preliminary or permanent injunction or other order, decree or ruling by a court of competent jurisdiction or Order by a Governmental BodyAuthority, no statute, rule, regulation or executive order Requirement of Law shall have been promulgated or enacted by a Governmental Body Authority and there shall not be in effect any temporary restraining order of a court of competent jurisdiction, which, in any case, restrains or prohibits the transactions contemplated hereby. (b) There shall not be in existence any suit, action, proceeding or investigation Claim instigated by a Governmental Body Authority before any court or governmental agency or body to prohibit the transactions contemplated by this Agreement; provided, however, that this condition may not be invoked by the Seller if any such action, suit or proceeding was solicited or encouraged by, or instituted as a result of any act or omission of, the Seller in material breach of this Agreement.

Appears in 1 contract

Samples: Option Agreement (Tv Azteca Sa De Cv)

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