Common use of No Legal Impediments Clause in Contracts

No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall exist, which, in the sole discretion of the Administrative Agent, imposes adverse conditions on the Borrowers, the Borrower Subsidiaries or the consummation of the transactions contemplated hereunder; and the Administrative Agent shall not have received any notice that any action, suit, investigation, litigation or proceeding is pending or threatened in any court or before any arbitrator or Governmental Authority which is likely to (i) enjoin, prohibit or restrain the making of Loans and/or the Issuance of Letters of Credit on the Closing Date, or (ii) have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc), Credit Agreement (NMHG Holding Co)

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No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall exist, which, in the sole discretion of the Administrative Agent, imposes adverse conditions on the Borrowers, the Borrower Subsidiaries or the consummation of the transactions contemplated hereunder; and the Administrative Agent Lender shall not have received any notice that any action, suit, investigation, litigation or proceeding is pending or threatened in any court or before any arbitrator or Governmental Authority which is likely to (i) purports to enjoin, prohibit prohibit, restrain or restrain otherwise affect (A) the making of Loans and/or the Issuance of Letters of Credit Loan on the Closing Date, Date or (B) the consummation of the transactions contemplated pursuant to the Transaction Documents or (ii) have would be reasonably expected to impose or result in the imposition of a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Muehlstein Holding Corp), Loan Agreement (Muehlstein Holding Corp)

No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall exist, which, in the sole discretion of the Administrative Agent, which imposes adverse conditions on the Borrowers, the Borrower Subsidiaries any Credit Party or the consummation of the transactions contemplated hereunderhereunder or the Acquisition of the Purchased Assets by Borrower; and the Administrative Agent shall not have received any notice that any action, suit, investigation, litigation or proceeding is pending or threatened in any court or before any arbitrator or Governmental Authority which is likely to (i) enjoin, prohibit or restrain the making of Loans and/or the Issuance of Letters of Credit Loan on the Closing Effective Date, or (ii) have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Nevada Gold & Casinos Inc)

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No Legal Impediments. No law, regulation, order, judgment or decree of any Governmental Authority shall exist, which, in the sole discretion of the Administrative Agent, imposes adverse conditions on the Borrowers, the Borrower Subsidiaries any Credit Party Entity or the consummation of the transactions contemplated hereunder; and the Administrative Agent shall not have received any notice that any action, suit, investigation, litigation or proceeding is pending or threatened in any Credit Agreement court or before any arbitrator or Governmental Authority which is likely to (i) enjoin, prohibit or restrain the making of Loans and/or the Issuance of Letters of Credit on the Closing Funding Date, or (ii) have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (NMHG Holding Co)

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