Common use of No Suspension of Trading, Etc Clause in Contracts

No Suspension of Trading, Etc. At the Effective Time, there shall be no declaration of a banking moratorium by federal or state authorities or any suspension of payments by banks in the United States (whether mandatory or not) or of the extension of credit by lending institutions in the United States, or commencement of war or other international, armed hostility or national calamity directly or indirectly involving the United States, which war, hostility or calamity (or any material acceleration or worsening thereof), in the sole judgment of American Spectrum, would have a Material Adverse Effect on the Merging Entity or, in the sole judgment of the Partners or Members, would have a Material Adverse Effect on American Spectrum.

No Suspension of Trading, Etc. At the Effective TimeClosing, there shall be no declaration of a banking moratorium by federal or state authorities or any suspension of payments by banks in the United States (whether mandatory or not) or of the extension of credit by lending institutions in the United States, or commencement of war or other international, armed hostility or national calamity directly or indirectly involving the United States, which war, hostility or calamity (or any material acceleration or worsening thereof), in the sole judgment of American Spectrum, would have a Material Adverse Effect on the Merging Entity Contributor or, in the sole judgment of the Partners or MembersStockholders, would have a Material Adverse Effect on American Spectrum.