Common use of PENDING PROCEEDINGS AND ORDERS Clause in Contracts

PENDING PROCEEDINGS AND ORDERS. No action, suit or proceeding shall be pending by or before any Governmental Entity wherein an unfavorable judgment, order, decree, stipulation or injunction would (i) prevent consummation of the Merger, (ii) cause the Merger to be rescinded following consummation, or (iii) be reasonably likely to result in a Buyer Material Adverse Effect after the Effective Time, and no such judgment, order, decree, stipulation or injunction shall be in effect.

Appears in 1 contract

Samples: Merger Agreement (Staples Inc)

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PENDING PROCEEDINGS AND ORDERS. No action, suit or proceeding shall be pending by or before any Governmental Entity wherein an unfavorable judgment, order, decree, stipulation or injunction would (i) prevent consummation of the Merger, (ii) cause the Merger to be rescinded following consummation, consummation or (iii) be reasonably likely affect adversely the right of the Buyer to result in a Buyer Material Adverse Effect after own, operate or control any of the Effective Timeassets and operations of the Surviving Corporation following the Merger, and no such judgment, order, decree, stipulation or injunction shall be in effect.

Appears in 1 contract

Samples: Merger Agreement (Staples Inc)

PENDING PROCEEDINGS AND ORDERS. No action, suit or proceeding shall be pending by or before any Governmental Entity wherein an unfavorable judgment, order, decree, stipulation or injunction would (i) would prevent consummation of the Merger, (ii) or cause the Merger to be rescinded following consummation, consummation or (iiiii) be is reasonably likely to result in a Buyer Material Adverse Effect after the Effective Time, and no such judgment, order, decree, stipulation or injunction shall be in effect.

Appears in 1 contract

Samples: Merger Agreement (Staples Inc)

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PENDING PROCEEDINGS AND ORDERS. No action, suit or proceeding shall be pending by or before any Governmental Entity wherein an unfavorable judgment, order, decree, stipulation or injunction would (i) prevent consummation of the Merger, (ii) cause the Merger to be rescinded following consummation, consummation or (iii) be reasonably likely to result in a Buyer Company Material Adverse Effect after following the Effective TimeMerger, and no such judgment, order, decree, stipulation or injunction shall be in effect.

Appears in 1 contract

Samples: Merger Agreement (Staples Inc)

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