Common use of Absence of Material Litigation Clause in Contracts

Absence of Material Litigation. There shall be (i) no pending or overtly threatened litigation, whether brought against the Seller, any of the Shareholders or the Buyer, that seeks to enjoin the consummation of any of the transactions contemplated by this Agreement, (ii) no order that has been issued by any court or governmental agency having jurisdiction that restrains or prohibits the consummation of the purchase and sale of the Purchased Assets hereunder and no proceedings pending which are reasonably likely to result in the issuance of such an order; and (iii) no pending or overtly threatened litigation, which has had or is expected to have a Material Adverse Effect on Seller.

Absence of Material Litigation. There shall be (i) no pending or overtly threatened litigation, whether brought against the Seller, any of the Shareholders or the Buyer, Buyer that seeks to enjoin the consummation of any of the transactions contemplated by this Agreement, (ii) no order that has been issued by any court or governmental agency having jurisdiction that restrains or prohibits the consummation of the purchase and sale of the Purchased Assets hereunder and no or any proceedings pending which are reasonably likely to result in the issuance of such an order; and (iii) no other pending or overtly threatened litigation, which has had or is expected to have a Material Adverse Effect on Sellermaterially and adversely affect the ability of the parties to consummate the transactions contemplated hereby.

Absence of Material Litigation. There shall be (i) no pending or overtly threatened litigation, whether brought against the Seller, any of the Shareholders Seller or the Buyer, that seeks to enjoin the consummation of any of the transactions contemplated by this Agreement, (ii) no order that has been issued by any court or governmental agency having jurisdiction that restrains or prohibits the consummation of the purchase and sale of the Purchased Assets hereunder and no proceedings pending which are reasonably likely to result in the issuance of such an order; and (iii) no pending or overtly threatened litigation, which has had or is expected to have a Material Adverse Effect on Sellermaterially and adversely affect the ability of the parties to consummate the transactions contemplated hereby.

Absence of Material Litigation. There shall be (i) no pending or overtly threatened litigation, whether brought against the Seller, any of the Shareholders Seller or the Buyer, that seeks to enjoin the consummation of any of the transactions contemplated by this Agreement, (ii) no order that has been issued by any court or governmental agency having jurisdiction that restrains or prohibits the consummation of the purchase and sale of the Purchased Assets hereunder and no proceedings pending which are reasonably likely to result in the issuance of such an order; and (iii) no pending or overtly threatened litigation, which has had or is expected to have a Material Adverse Effect on Sellerthe Business or the Purchased Assets.