Common use of No Legal Impediment to Issuance Clause in Contracts

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority, and no judgment, injunction, decree or order of any federal, state or foreign court shall have been issued, that prohibits the implementation of the Plan or the Rights Offering or the transactions contemplated by this Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority, and no judgment, injunction, decree or order of any federal, state or foreign court shall have been issued, that prohibits the implementation of the Plan or the Rights Offering or the transactions contemplated by this Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority, and no judgment, injunction, decree or order of any federal, state or foreign court shall have been issued, that prohibits the implementation of the Plan or the Rights Offering or the transactions contemplated by this Agreement, the Preferred Term Sheet, the PSA and the GM Settlement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authorityauthority that would, as of the Settlement Date, prevent the Transactions; and no judgment, injunction, decree injunction or order of any federal, state or foreign court shall have been issuedissued that would, that prohibits the implementation as of the Plan or Settlement Date, prevent the Rights Offering or Transactions, including the transactions contemplated by this Agreementissuance of the New Notes pursuant thereto.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authorityGovernmental Entity, and no judgment, injunction, decree decree, other legal restraint or order of any federal, state or foreign court shall have been issuedissued that prohibits the Restructuring, and no law or Order shall have been enacted, adopted or issued by any Governmental Entity that prohibits the implementation of the Plan or Plan, the Rights Offering or the transactions contemplated by this Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authorityGovernmental Entity, and no judgment, injunction, decree decree, other legal restraint or order of any federal, state or foreign court shall have been issuedissued that prohibits the Restructuring, and no law or Order shall have been enacted, adopted or issued by any Governmental Entity that prohibits the implementation of the Plan or Plan, the Rights Offering or the transactions contemplated by this Agreement or the Plan Support Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority, and no judgment, injunction, decree or order of any federal, state or foreign court shall have been issued, that prohibits the implementation of the Plan or the Rights Offering or the transactions contemplated by this Agreement, the Preferred Term Sheet, the Plan Terms and the GM Settlement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued in each by any federal, state or foreign governmental or regulatory authorityauthority that, and no judgmentas of the Effective Date, injunction, decree or order of any federal, state or foreign court shall have been issued, that prohibits the implementation issuance or sale of the Plan or the Rights Offering or the transactions contemplated by Shares pursuant to this Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority, and no judgment, injunction, decree or order of any federal, state or foreign court shall have been issued, that prohibits the implementation of the Plan or the Rights Offering or the transactions contemplated by this Agreement.,

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authorityGovernmental Entity, and no judgment, injunction, decree decree, other legal restraint or order of any federal, state or foreign court shall have been issued, issued that prohibits the implementation of the Plan or Plan, the Rights Offering or the transactions contemplated by this Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order other Law or Order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority, and no judgment, injunction, decree or order of any federal, state or foreign court shall have been issued, Governmental Entity that prohibits the implementation of the Plan or the Rights Offering or the transactions contemplated by this Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation regulation, injunction or order shall have been enacted, adopted or issued by any federal, state or foreign court or governmental or regulatory authorityauthority that, and no judgment, injunction, decree or order of any federal, state or foreign court shall have been issued, that prohibits the implementation as of the Plan Effective Date, prohibits or makes illegal the Rights Offering issuance or sale of the Subscribed Notes pursuant to this Agreement or the transactions contemplated by this Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority, and no judgment, injunction, decree or order of any federal, state or foreign court shall have been issued, that prohibits the implementation of the Plan or Plan, the Rights Offering Offering, the Investment or the transactions contemplated by this AgreementAgreement or the Plan.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authorityauthority that, as of the Effective Date, prohibits the issuance or sale of the Rights or the Offered Shares pursuant to this Agreement; and no judgment, injunction, decree injunction or order of any federal, state or foreign court shall have been issuedissued that, that as of the Effective Date, prohibits the implementation issuance or sale of the Plan Rights or the Rights Offering or Offered Shares pursuant to the transactions contemplated by provisions of this Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation regulation, injunction or order shall have been enacted, adopted or issued by any federal, state or foreign court or governmental or regulatory authorityauthority that, and no judgment, injunction, decree or order of any federal, state or foreign court shall have been issued, that prohibits the implementation as of the Plan Closing Date, prohibits or makes illegal the Rights Offering issuance or sale of the Subscribed Notes pursuant to this Agreement or the transactions contemplated by this Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authorityauthority that prohibits the issuance or sale of the Shares pursuant to this Agreement, and no judgment, injunction, decree injunction or order of any federal, state or foreign court shall have been issued, issued that prohibits the implementation issuance or sale of the Plan or the Rights Offering or the transactions contemplated by Shares pursuant to this Agreement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority, and no judgment, injunction, decree or order of any federal, state or foreign court shall have been issued, that prohibits the implementation of the Plan or the Rights Offering or the transactions contemplated by this Agreement, the Preferred Term Sheet, the PFTS and the GM Settlement.

No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority, authority that prohibits the issuance or sale of the Shares pursuant to this Agreement; and no judgment, injunction, decree injunction or order of any federal, state or foreign court shall have been issued, issued that prohibits the implementation issuance or sale of the Plan or the Rights Offering or the transactions contemplated by Shares pursuant to this Agreement.