Common use of Unfavorable Action or Proceeding Clause in Contracts

Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body shall be in effect, and no claims, actions, suits, proceedings, arbitrations or investigations shall be pending or threatened, which challenge or seek to challenge, or which could prevent or cause the rescission of, the consummation of the transactions contemplated in this Agreement.

Appears in 7 contracts

Samples: Asset Purchase Agreement (Vanguard Health Systems Inc), Asset Sale Agreement (Health Management Associates Inc), Asset Sale Agreement (Province Healthcare Co)

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Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body shall be in effect, and no claims, actions, suits, proceedings, arbitrations or investigations shall be pending or threatened, which challenge or seek to challenge, or which could reasonably be expected to prevent or cause the rescission of, the consummation of the transactions contemplated in this Agreement.

Appears in 7 contracts

Samples: Asset Purchase Agreement (Horizon Health Corp /De/), Asset Purchase Agreement (Horizon Health Corp /De/), Limited Partner Interest Purchase Agreement (Horizon Health Corp /De/)

Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body shall be in effect, and no claims, actions, suits, proceedings, arbitrations or investigations shall be pending or threatened, which challenge or seek to challenge, or which could reasonably be expected to prevent or cause the rescission of, of the consummation of the transactions contemplated in this Agreement.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Horizon Health Corp /De/), Limited Partner Interest Purchase Agreement (Horizon Health Corp /De/), Membership Interest Purchase Agreement (Horizon Health Corp /De/)

Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body shall be in effect, and no claims, actions, suits, proceedings, arbitrations claim or investigations Proceeding shall be pending or threatened, which challenge or seek to challenge, or which could reasonably be expected to prevent or cause the rescission of, the consummation of the transactions contemplated in this Agreement.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Horizon Health Corp /De/), Asset Purchase Agreement (Horizon Health Corp /De/), Asset Purchase Agreement (Horizon Health Corp /De/)

Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body Governmental Entity shall be in effect, and no claims, actions, suits, proceedings, arbitrations or investigations shall be pending or threatened, which challenge or seek to challenge, or which could prevent or cause the rescission of, or inhibit, the consummation of the transactions contemplated in this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body shall be in effect, and no claims, actions, suits, proceedings, arbitrations or investigations shall be pending or threatened, which challenge or seek to challenge, or which could prevent or cause the rescission of, the consummation of the transactions contemplated in this Agreement, or materially and adversely impair Purchaser's rights to own or operate the Acute Care Hospitals, after the Closing Date.

Appears in 1 contract

Samples: Asset Sale Agreement (Southwest General Hospital Lp)

Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body shall be in effect, and no claims, actions, suits, proceedings, arbitrations or investigations shall be pending or threatened, which challenge or seek to challenge, or which could prevent or cause the rescission of, the consummation of the transactions contemplated in this Agreement.could

Appears in 1 contract

Samples: Asset Sale Agreement (Province Healthcare Co)

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Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body shall be in effect, and no claims, actions, suits, proceedings, arbitrations or investigations shall be pending or threatened, which effect that challenge or seek to challenge, or which that could prevent or cause the rescission of, the consummation Closing. For clarity, this paragraph relates only to an order, decree, judgment or injunction respecting the purchase of the transactions contemplated in Claim pursuant to this Agreement, and not to any order, decree, judgment or injunction respecting the enforcement of the Award or any appeal therefrom.

Appears in 1 contract

Samples: Claim Purchase Agreement (Darling International Inc)

Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body shall be in effect, and no claims, actions, suits, proceedings, arbitrations or investigations shall be pending or threatened, which challenge or seek to challenge, or which could prevent or cause the rescission of, the consummation of the transactions contemplated in this Agreement, or materially and adversely impair Purchaser's rights to own or operate the Hospital after the Closing Date.

Appears in 1 contract

Samples: Asset Sale Agreement (Southwest General Hospital Lp)

Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body Governmental Entity shall be in effect, and no claims, actions, suits, proceedings, arbitrations or investigations shall be pending or threatened, which challenge or seek to challenge, or which could prevent or cause the rescission of, the consummation of the transactions contemplated in this Agreement.

Appears in 1 contract

Samples: Asset Sale Agreement (Integrated Healthcare Holdings)

Unfavorable Action or Proceeding. On the Closing Date, no orders, decrees, judgments or injunctions of any court or governmental body shall be in effect, and no claims, actions, suits, proceedings, arbitrations or investigations shall be pending or threatened, which challenge or seek to challenge, or which could prevent or cause the rescission of, or the consummation of the transactions contemplated in this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vanguard Health Systems Inc)

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