Common use of Legality Clause in Contracts

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale of the assets illegal or otherwise prohibiting the consummation of such purchase and sale.

Appears in 14 contracts

Samples: Acquisition Agreement (Kalex Corp), Acquisition Agreement (Uv Flu Technologies Inc), Purchase and Sale Agreement (TBC Global News Network, Inc.)

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Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets illegal or otherwise prohibiting the consummation of such purchase and salesale or (b) has a reasonable likelihood of causing a material adverse effect.

Appears in 14 contracts

Samples: Acquisition Agreement (Kalex Corp), Purchase and Sale Agreement (TBC Global News Network, Inc.), Acquisition Agreement (Uv Flu Technologies Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and sale.

Appears in 7 contracts

Samples: Membership Interest Purchase Agreement (Positron Corp), Stock Purchase Agreement (Positron Corp), Stock Purchase Agreement (Certified Services Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and salesale or (b) has a reasonable likelihood of causing a Material Adverse Effect.

Appears in 7 contracts

Samples: Membership Interest Purchase Agreement (Positron Corp), Stock Purchase Agreement (Positron Corp), Share Exchange Agreement (World Am Communications Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale of the assets transactions contemplated by this Agreement illegal or otherwise prohibiting the consummation of such purchase and sale.

Appears in 4 contracts

Samples: Share Exchange Agreement (Crown Auto Holdings Inc.), Share Exchange Agreement (DM Products, Inc.), Share Exchange Agreement (World Am, Inc.)

Legality. No law Law or court order Government Order shall have been enacted, entered, promulgated promulgated, or enforced by any court or governmental authority Governmental Authority that is in effect and has the effect of making the purchase and sale of the assets Shares illegal or otherwise prohibiting the consummation of such purchase and salethe Contemplated Transactions.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Interface Inc), Stock Purchase Agreement (Interface Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, -------- promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and sale.

Appears in 2 contracts

Samples: Share Purchase Agreement (Verticalnet Inc), Agreement and Plan of Merger (Verticalnet Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and salethe Transactions or (b) has a reasonable likelihood of causing a Material Adverse Effect.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Verticalnet Inc), Asset Purchase Agreement (Verticalnet Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and salethe Transactions.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Verticalnet Inc), Agreement and Plan of Merger (Verticalnet Inc)

Legality. No law Law or court order Government Order shall have been enacted, entered, promulgated promulgated, or enforced by any court or governmental authority Governmental Authority that is in effect and (a) has the effect of making the purchase and sale of the assets Shares illegal or otherwise prohibiting the consummation of such purchase and salethe Contemplated Transactions or (b) has a reasonable likelihood of causing a Material Adverse Effect.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Interface Inc), Stock Purchase Agreement (Interface Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, -------- promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and salesale or (b) has a reasonably likelihood of causing a Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Verticalnet Inc)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale consummation of the assets Option exercise illegal or otherwise prohibiting the consummation of such purchase and salethereof.

Appears in 1 contract

Samples: Acquisition Agreement (TBC Global News Network, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority Governmental Entity that is in effect and has the effect of making the purchase and sale of the assets Purchased Assets illegal or otherwise prohibiting the consummation of such purchase and sale.

Appears in 1 contract

Samples: Asset Purchase Agreement (Air Products & Chemicals Inc /De/)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and salethereof.

Appears in 1 contract

Samples: Acquisition Agreement (TBC Global News Network, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale of the assets Shares illegal or otherwise prohibiting the consummation of such purchase and sale.

Appears in 1 contract

Samples: Stock Purchase Agreement (Day International Group Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority Governmental Entity that is in effect and (a) has the effect of making the purchase and sale of the assets Purchased Assets illegal or otherwise prohibiting the consummation of such purchase and salesale or (b) has or shall cause a material adverse effect on Seller or Seller’s ability to complete the Transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Air Products & Chemicals Inc /De/)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and salethereof.

Appears in 1 contract

Samples: Acquisition Agreement (TBC Global News Network, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, -------- promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and salesale or (b) has a reasonable likelihood of causing a Material Adverse Effect.

Appears in 1 contract

Samples: Share Purchase Agreement (Verticalnet Inc)

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Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated promulgated, or enforced by any court or governmental authority Governmental Body that is in effect and has the effect of making the purchase and sale of the assets Purchased Assets illegal or otherwise prohibiting the consummation of such purchase and salethe Transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (World Health Alternatives Inc)

Legality. No law Law or court order Order shall have been enacted, entered, promulgated or enforced by any court Governmental or governmental authority that is in effect and Regulatory Authority which has the effect of (i) making either the purchase and sale of the assets transactions contemplated hereby illegal or otherwise prohibiting their consummation or (ii) creating a Material Adverse Effect on the consummation of such purchase and saleCompany or a Purchaser MAE on the Purchaser.

Appears in 1 contract

Samples: Securities Purchase Agreement (Solomon Technologies Inc)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and sale.

Appears in 1 contract

Samples: Purchase Agreement (B2Digital, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority Governmental Body that is in effect and has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and salethe Transactions.

Appears in 1 contract

Samples: Purchase Agreement (Resource Capital Corp.)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has effect, shall have the effect of making the transaction (purchase and sale of the assets sale) illegal or otherwise prohibiting prohibit the consummation of such purchase and saletransaction.

Appears in 1 contract

Samples: Draft Agreement

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and salethe Transactions or (b) in the sole determination of Parent, has a reasonable likelihood of causing a material reduction in the benefits to be received by the Buyer Parties hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Verticalnet Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Assets illegal or otherwise prohibiting the consummation of such purchase and salesale or (b) has a reasonable likelihood of causing a material adverse affect.

Appears in 1 contract

Samples: Purchase Agreement (B2Digital, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority authority, whether foreign or domestic, that is in effect and has the effect of making the purchase and sale of the assets Shares illegal or otherwise prohibiting the consummation of such purchase and sale.

Appears in 1 contract

Samples: Stock Purchase Agreement (Day International Group Inc)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and (a) has the effect of making the purchase and sale of the assets Transactions illegal or otherwise prohibiting the consummation of such purchase and salethe Transactions or (b) has a reasonably likelihood of causing a Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Verticalnet Inc)

Legality. No law or court order shall have been enacted, entered, promulgated or enforced by any court or governmental authority that is in effect and has the effect of making the purchase and sale consummation of the assets Option exercise illegal or otherwise prohibiting the consummation of such purchase and salethereof.

Appears in 1 contract

Samples: Acquisition Agreement (TBC Global News Network, Inc.)

Legality. No law Law or court order Court Order shall have been enacted, entered, promulgated promulgated, or enforced by any court or governmental authority Governmental Body that is in effect and (a) has the effect of making the purchase and sale of the assets Purchased Assets illegal or otherwise prohibiting the consummation of such purchase and salesale or (b) has a reasonable likelihood of causing a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (World Health Alternatives Inc)

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