Common use of Litigation Affecting Closing Clause in Contracts

Litigation Affecting Closing. No court order shall have been issued or entered which would be violated by the completion of the transaction contemplated herein. No person who or which is not a party to this Agreement shall have commenced or threatened to commence any litigation seeking to restrain or prohibit, or to obtain substantial damages in connection with this Agreement or the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Microtel International Inc), Asset Purchase Agreement (Microtel International Inc)

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Litigation Affecting Closing. No court order shall have been issued or entered which would be violated by the completion of the transaction contemplated hereinStock Purchase. No person who or which is not a party to this Agreement shall have commenced or threatened to commence any litigation seeking to restrain or prohibit, or to obtain substantial damages in connection with this Agreement or the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Microtel International Inc)

Litigation Affecting Closing. No court order Court Order shall have been issued or entered which would be violated by the completion of the transaction contemplated hereinTransactions. No person who or which is not a party to this Agreement shall have commenced or threatened to commence any litigation Litigation seeking to restrain or prohibit, or to obtain substantial damages in connection with with, this Agreement or the transactions Transactions contemplated by this AgreementAgreement and no Litigation shall be pending against the Company or any Subsidiary.

Appears in 1 contract

Samples: Warrant Exchange and Exercise Agreement (Avery Communications Inc)

Litigation Affecting Closing. No court order shall have been issued or entered which would be violated by the completion consummation of the transaction transactions contemplated hereinby this Agreement. No person who or which is not a party to this Agreement entity shall have commenced or threatened to commence any litigation seeking to restrain or prohibit, or to obtain substantial damages in connection with this Agreement or the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Microtel International Inc)

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Litigation Affecting Closing. No court order Court Order shall have been issued or entered which would be violated by the completion of the transaction contemplated hereinTransactions. No person who or which is not a party to this Agreement shall have commenced or threatened to commence any litigation Litigation seeking to restrain or prohibit, or to obtain substantial damages in connection with with, this Agreement or the transactions Transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Warrant Exchange and Exercise Agreement (Avery Communications Inc)

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