Common use of Legal Restraints Clause in Contracts

Legal Restraints. There shall not have been proposed or enacted any law, or any change in any existing law, which prohibits or delays, or threatens to prohibit or delay, the consummation of any of the purchase and sale or any of the other transactions contemplated by thisAgreement or which could reasonably have a material adverse effect.

Appears in 2 contracts

Samples: Stock Exchange Agreement (Project Romania Inc.), Stock Exchange Agreement (Denmans Com Inc)

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Legal Restraints. There shall not have been proposed or enacted any law, or any change in any existing law, which prohibits or delays, or threatens to prohibit or delay, the consummation of any of the purchase and sale or any of the other transactions contemplated by thisAgreement this Agreement or which could reasonably have a material adverse effecteffect thereon.

Appears in 1 contract

Samples: Share Exchange Agreement (Elray Resources, Inc.)

Legal Restraints. There shall not have been proposed or enacted any law, or any change in any existing law, which prohibits or delays, or threatens to prohibit or delay, the consummation of any of the purchase and sale or any of the other transactions contemplated by thisAgreement this Agreement or which could reasonably have a material adverse effect.;

Appears in 1 contract

Samples: Stock Exchange Agreement (Project Romania Inc.)

Legal Restraints. There shall not have been proposed or enacted any law, or any change in any existing law, which prohibits or delays, or threatens to prohibit or delay, the consummation of any of the purchase and sale or any of the other transactions contemplated by thisAgreement this Agreement or which could reasonably have a material adverse effect.

Appears in 1 contract

Samples: Stock Exchange Agreement (Denmans Com Inc)

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Legal Restraints. There shall not have been proposed or enacted any lawLaws, or any change in any existing lawLaws, which prohibits or delays, or threatens to prohibit or delay, the consummation of the Purchase and Sale. No action, suit, claim or proceeding shall have been commenced or threatened by any governmental authority or private party seeking to restrain, enjoin or hinder, or to seek damages from Seller or any affiliate thereof on account of the purchase consummation of, this Agreement, the Purchase and sale Sale or any of the other transactions contemplated by thisAgreement or which could reasonably have a material adverse effectmatter in relation thereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Houston Interweb Design Inc)

Legal Restraints. There shall not have been proposed or enacted any law, or any change in any existing law, which prohibits or delays, or threatens to prohibit or delay, the consummation of any of the purchase and sale or any of the other transactions contemplated by thisAgreement this Agreement or which could reasonably have a material adverse effecteffect thereon.

Appears in 1 contract

Samples: Share Exchange Agreement (Elray Resources, Inc.)

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