Common use of Transaction Not Prohibited Clause in Contracts

Transaction Not Prohibited. No Law or Order shall have been enacted, entered, issued, promulgated or enforced by any Governmental Entity which prohibits or restricts the transactions contemplated by this Agreement. No Governmental Entity shall have notified any party to this Agreement that consummation of the transactions contemplated by this Agreement would constitute a violation of any Law of any jurisdiction or that it intends to commence proceedings to restrain or prohibit such transactions or force divestiture or rescission, unless such Governmental Entity shall have withdrawn such notice and abandoned any such proceedings prior to the time which otherwise would have been the Closing Date.

Appears in 2 contracts

Samples: Contribution Agreement (Prudential Insurance Co of America), Contribution Agreement (Prudential Insurance Co of America)

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Transaction Not Prohibited. No Law or Order shall have been -------------------------- enacted, entered, issued, promulgated or enforced by any Governmental Entity which prohibits or restricts the transactions contemplated by this Agreement. No Governmental Entity shall have notified any party to this Agreement that consummation of the transactions contemplated by this Agreement would constitute a violation of any Law of any jurisdiction or that it intends to commence proceedings to restrain or prohibit such transactions or force divestiture or rescission, unless such Governmental Entity shall have withdrawn such notice and abandoned any such proceedings prior to the time which otherwise would have been the Closing Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Boston Properties Inc), Contribution Agreement (Boston Properties Inc)

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