Common use of Pending Matters Clause in Contracts

Pending Matters. No suit, action, bankruptcy or other proceeding by or before any court or Governmental Authority shall be pending or threatened that seeks to, or could reasonably result in a judicial order, judgment or decree that would, restrain, prohibit, invalidate, or collect damages arising out of the transactions contemplated by this Agreement or which, in the reasonable judgment of Seller, makes it inadvisable to proceed with the transactions contemplated hereby.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Gulfport Energy Corp), Purchase and Sale Agreement (Callon Petroleum Co)

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Pending Matters. No suit, action, bankruptcy or other proceeding by or before any court or Governmental Authority Authority, shall be pending or threatened that seeks to, or could reasonably result in a judicial order, judgment or decree that would, restrain, prohibit, invalidate, enjoin, or collect damages arising arriving out of the transactions contemplated by this Agreement Agreement, or which, which in the reasonable judgment of SellerBuyer, makes it inadvisable to proceed with the transactions contemplated herebyby this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Gulfport Energy Corp), Purchase and Sale Agreement (Callon Petroleum Co)

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Pending Matters. No suit, action, bankruptcy suit or other proceeding by shall be pending or threatened before any court or Governmental Authority shall be pending or threatened that seeks to, or could reasonably result in a judicial order, judgment or decree that would, seeking to restrain, prohibit, invalidateor declare illegal, or collect seeking substantial damages arising out of in connection with, the transactions contemplated by this Agreement or which, in the reasonable judgment of Seller, makes it inadvisable to proceed with the transactions transaction contemplated hereby.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Athlon Finance Corp.)

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