Common use of Governmental Actions Clause in Contracts

Governmental Actions. There shall not have been instituted, pending or threatened any action or proceeding (or any investigation or other inquiry that is reasonably likely to result in such an action or proceeding) by any governmental authority or administrative agency before any governmental authority, administrative agency or court of competent jurisdiction, United States or non-United States, that is reasonably likely to result in an order, nor shall there be in effect any judgment, decree or order of any governmental authority, administrative agency or court of competent jurisdiction, or any other legal restraint (i) preventing or seeking to prevent consummation of the Merger or (ii) as a condition to the obligations of Parent and Merger Sub, prohibiting or seeking to prohibit, or limiting or seeking to limit, Parent from exercising all material rights and privileges pertaining to its equity ownership in the Surviving Corporation or any investor in Parent from owning and exercising all material rights and privileges pertaining to its ownership of its interest therein or the ownership in Parent, or compelling or seeking to compel Parent to dispose of or hold separate all or any material portion of the business or assets of Parent (including the Surviving Corporation), as a result of the Merger or the transactions contemplated by this Agreement;

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Thomas Pharmaceuticals, Ltd.), Agreement and Plan of Merger (Ivoice, Inc /De)

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Governmental Actions. There shall not have been instituted, pending or threatened any action or proceeding (or any investigation or other inquiry that is reasonably likely to might result in such an action or proceeding) by any governmental authority or administrative agency before any governmental authority, administrative agency or court of competent jurisdiction, United States domestic or non-United States, that is reasonably likely to result in an orderforeign, nor shall there be in effect any judgment, decree or order of any governmental authority, administrative agency or court of competent jurisdiction, or any other legal restraint (i) preventing or seeking to prevent consummation of the Merger or Merger, (ii) as a condition to the obligations of Parent and Merger Sub, prohibiting or seeking to prohibit, prohibit or limiting or seeking to limit, limit Parent from exercising all material rights and privileges pertaining to its equity ownership in of the Surviving Corporation or the ownership or operation by Parent or any of its Subsidiaries of all or a material portion of the business or assets of Parent or any of its Subsidiaries (including the Surviving Corporation or any investor in Parent from owning and exercising all material rights and privileges pertaining to its ownership of its interest therein or the ownership in ParentSubsidiaries), or (iii) compelling or seeking to compel Parent or any of its Subsidiaries to dispose of or hold separate all or any material portion of the business or assets of Parent or any of its Subsidiaries (including the Surviving CorporationCorporation and its Subsidiaries), as a result of the Merger or the transactions contemplated by this Agreement;

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Lci International Inc /Va/), Agreement and Plan of Merger (U S Long Distance Corp)

Governmental Actions. There shall not have been instituted, pending or threatened any action or proceeding (or any investigation or other inquiry that is reasonably likely to result in such an action or proceeding) by any governmental authority or administrative agency before any governmental authority, administrative agency or court of competent jurisdiction, United States or non-United States, that is reasonably likely to result in an order, nor shall there be in effect any judgment, decree or order of any governmental authority, administrative agency or court of competent jurisdiction, or any other legal restraint (i) preventing or seeking to prevent consummation of the Merger or Merger, (ii) as a condition to the obligations of Parent and Merger Sub, prohibiting or seeking to prohibit, or limiting or seeking to limit, Parent from exercising all material rights and privileges pertaining to its equity ownership in of the Surviving Corporation or the ownership or operation by Parent or any investor in Parent from owning and exercising all material rights and privileges pertaining to its ownership of its interest therein subsidiaries of all or a material portion of the ownership in Parentbusiness or assets of the Surviving Corporation and its subsidiaries, or (iii) compelling or seeking to compel Parent or any of its subsidiaries to dispose of or hold separate all or any material portion of the business or assets of Parent or any of its subsidiaries (including the Surviving CorporationCorporation and its subsidiaries), as a result of the Merger or the transactions contemplated by this Agreement;

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Raychem Corp)

Governmental Actions. There shall not have been instituted, pending or threatened any action or proceeding (or any investigation or other inquiry that is reasonably likely to result in such an action or proceeding) by any governmental authority or administrative 38 agency before any governmental authority, administrative agency or court of competent jurisdiction, United States or non-United States, that is reasonably likely to result in an order, nor shall there be in effect any judgment, decree or order of any governmental authority, administrative agency or court of competent jurisdiction, or any other legal restraint (i) preventing or seeking to prevent consummation of the Merger or (ii) as a condition to the obligations of Parent and Merger Sub, prohibiting or seeking to prohibit, or limiting or seeking to limit, Parent from exercising all material rights and privileges pertaining to its equity ownership in of the Surviving Corporation or any investor in Parent from owning and exercising all material rights and privileges pertaining to its ownership of its interest therein or the ownership in Parentor operation by Parent or any of its subsidiaries of all or a material portion of the business or assets of the Surviving Corporation and its subsidiaries, or compelling or seeking to compel Parent or any of its subsidiaries to dispose of or hold separate all or any material portion of the business or assets of Parent or any of its subsidiaries (including the Surviving CorporationCorporation and its subsidiaries), as a result of the Merger or the transactions contemplated by this Agreement;; and

Appears in 1 contract

Samples: Agreement and Plan of Merger (Scientific Games Holdings Corp)

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Governmental Actions. There shall not have been instituted, pending or threatened any action or proceeding (or any investigation or other inquiry that is reasonably likely to result in such an action or proceeding) by any governmental authority or administrative agency before any governmental authority, administrative agency or court of competent jurisdiction, United States or non-United States, that is reasonably likely to result in an order, nor shall there be in effect any judgment, decree or order of any governmental authority, administrative agency or court of competent jurisdiction, or any other legal restraint (i) preventing or seeking to prevent consummation of the Merger or Merger, (ii) as a condition to the obligations of Parent and Merger Sub, prohibiting or seeking to prohibit, prohibit or limiting or seeking to limit, Parent Beta from exercising all material rights and privileges pertaining to its equity ownership in the Surviving Corporation or any investor in Parent from owning and exercising all material rights and privileges pertaining to its ownership of its interest therein the Surviving Corporation or the ownership in Parentor operation by Tyco or any of its subsidiaries of all or a material portion of the business or assets of the Surviving Corporation and its subsidiaries, or (iii) compelling or seeking to compel Parent Tyco or any of its subsidiaries to dispose of or hold separate all or any material portion of the business or assets of Parent Tyco or any of its subsidiaries (including the Surviving CorporationCorporation and its subsidiaries), as a result of the Merger or the transactions contemplated by this Agreement;

Appears in 1 contract

Samples: Agreement and Plan of Merger (Amp Inc)

Governmental Actions. There shall not have been instituted, pending or threatened any action or proceeding (or any investigation or other inquiry that is reasonably likely to result in such an action or proceeding) by any governmental authority or administrative agency before any governmental authority, administrative agency or court of competent jurisdiction, United States or non-United States, that is reasonably likely to result in an order, nor shall there be in effect any judgment, decree or order of any governmental authority, administrative agency or court of competent jurisdiction, or any other legal restraint (i) preventing or seeking to prevent consummation of the Merger or (ii) as a condition to the obligations of Parent and Merger Sub, prohibiting or seeking to prohibit, or limiting or seeking to limit, Parent from exercising all material rights and privileges pertaining to its equity ownership in of the Surviving Corporation or any investor in Parent from owning and exercising all material rights and privileges pertaining to its ownership of its interest therein or the ownership in Parentor operation by Parent or any of its subsidiaries of all or a material portion of the business or assets of the Surviving Corporation and its subsidiaries, or compelling or seeking to compel Parent or any of its subsidiaries to dispose of or hold separate all or any material portion of the business or assets of Parent or any of its subsidiaries (including the Surviving CorporationCorporation and its subsidiaries), as a result of the Merger or the transactions contemplated by this Agreement;; and

Appears in 1 contract

Samples: Agreement and Plan of Merger (Autotote Corp)

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