Common use of Statutory Requirements; Litigation Clause in Contracts

Statutory Requirements; Litigation. All statutory requirements for the valid consummation of the transactions contemplated herein shall have been fulfilled and all necessary governmental consents, approvals or authorizations shall have been obtained and there shall not be any actual or threatened litigation (including any investigation by any governmental agency) to restrain or invalidate the transactions contemplated herein, the defense of which would, in the judgment of NWP, made in good faith and based upon the advice of counsel, involve expense or lapse of time that would be materially adverse to the interests of NWP.

Statutory Requirements; Litigation. All statutory requirements for the valid consummation of the transactions contemplated herein shall have been fulfilled and all necessary governmental consents, approvals or authorizations shall have been obtained obtained, and there shall not be any actual or threatened litigation (including any investigation by any governmental agencyGovernmental Authority) to restrain or invalidate the transactions contemplated herein, the defense of which would, in the judgment of NWPthe Purchaser, made in good faith and based upon the advice of counsel, involve expense or lapse of time that would be materially adverse to the interests of NWPthe Purchaser.

Statutory Requirements; Litigation. All statutory requirements for the valid consummation of the transactions contemplated herein shall have been fulfilled and all necessary governmental consents, approvals or authorizations shall have been obtained and there shall not be any actual or threatened litigation (including any investigation by any governmental agencyGovernmental Authority) to restrain or invalidate the transactions contemplated herein, the defense of which would, in the judgment of NWPthe Sellers, made in good faith and based upon the advice of counsel, involve expense or lapse of time that would be materially adverse to the interests of NWPthe Sellers.