Common use of Legal Restraints Clause in Contracts

Legal Restraints. There shall not have been proposed or enacted any Laws, or any change in any existing Laws, which prohibits or delays, or threatens to prohibit or delay, the consummation of the Main Transaction or any of the other transactions contemplated by this Agreement or which could reasonably be expected to have an NHTC Material Adverse Effect. No action, suit, claim or proceeding shall have been commenced or threatened by any governmental authority or private party (i) seeking to restrain, enjoin or hinder, or to seek damages from the Company or any Subsidiary thereof on account of the consummation of the Main Transaction or any of the other Transactions, or (ii) which could reasonably be expected to have an NHTC Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Natural Health Trends Corp)

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Legal Restraints. There shall not have been proposed or enacted any Laws, or any change in any existing Laws, which prohibits or delays, or threatens to prohibit or delay, the consummation of the Main Transaction or any of the other transactions contemplated by this Agreement Transactions or which could reasonably be expected to have an NHTC Material Adverse Effect. No action, suit, claim or proceeding shall have been commenced or threatened by any governmental authority or private party (i) seeking to restrain, enjoin or hinder, or to seek damages from any Company Stockholder, the Company or any Subsidiary thereof on account of the consummation of the Main Transaction or any of the other Transactions, or (ii) which could reasonably be expected to have an NHTC Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Natural Health Trends Corp)

Legal Restraints. There shall not have been proposed or enacted any Laws, or any change in any existing Laws, which prohibits or delays, or threatens to prohibit or delay, the consummation of the Main Transaction or any of the other transactions contemplated by this Agreement Transactions or which could reasonably be expected to have an NHTC a Company Material Adverse Effect. No action, suit, claim or proceeding shall have been commenced or threatened by any governmental authority or private party (i) seeking to restrain, enjoin or hinder, or to seek damages from the Company NHTC or any Subsidiary thereof on account account, of the consummation of the Main Transaction or any of the other Transactions, or (ii) which could reasonably be expected to have an NHTC a Company Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Natural Health Trends Corp)

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Legal Restraints. There shall not have been proposed or enacted any Laws, or any change in any existing Laws, which prohibits or delays, or threatens to prohibit or delay, the consummation of the Main Transaction or any of the other transactions contemplated by this Agreement Transactions or which could reasonably be expected to have an NHTC a Company Material Adverse Effect. No action, suit, claim or proceeding shall have been commenced or threatened by any governmental authority or private party (i) seeking to restrain, enjoin or hinder, or to seek damages from the Company either NHTC Party or any Subsidiary thereof on account account, of the consummation of the Main Transaction or any of the other Transactions, or (ii) which could reasonably be expected to have an NHTC a Company Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Natural Health Trends Corp)

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