Common use of No Claim Clause in Contracts

No Claim. No Claim shall have been instituted by any Governmental Body challenging the transactions hereby contemplated or seeking to restrain their consummation and no Claim shall have been instituted or, to the knowledge of either party hereto, threatened, challenging the legality of such transactions or seeking to restrain their consummation which, in the opinion of counsel for either party hereto, would make it impossible or inadvisable for the parties to consummate such transactions.

Appears in 2 contracts

Samples: Agreement (Vib Corp), Agreement (Vib Corp)

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No Claim. No Claim shall have been instituted by any Governmental Body challenging the transactions hereby contemplated or seeking to restrain their consummation and no Claim shall have been instituted or, to the knowledge Knowledge of either party hereto, threatened, challenging the legality of such transactions or seeking to restrain their consummation which, in the reasonable opinion of counsel for either party hereto, would make it impossible or inadvisable for the parties to consummate such transactions.

Appears in 1 contract

Samples: Branch Banking Office (United Pan Am Financial Corp)

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No Claim. No Claim shall have been instituted by any Governmental Body challenging the transactions hereby contemplated or seeking to restrain their consummation and no Claim shall have been instituted or, to the knowledge of either party hereto, threatened, challenging the legality of such transactions or seeking to restrain their consummation which, in the reasonable opinion of counsel for either party hereto, would make it impossible or inadvisable for the parties to consummate such transactions.

Appears in 1 contract

Samples: MNB Holdings Corp

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