Common use of No Orders; Legal Proceedings Clause in Contracts

No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued, promulgated or enforced by any Governmental Authority, nor shall any Action have been instituted and remain pending or, to the knowledge of Seller, have been threatened and remain so by any Governmental Authority at what would otherwise be the Closing Date, that prohibits or restricts or would (if successful) prohibit or restrict the transactions contemplated by this Agreement. No Governmental Authority shall have notified any party to this Agreement that consummation of the transactions contemplated by this Agreement would constitute a violation of any Laws of any jurisdiction and/or that it intends to commence proceedings to restrain or prohibit such transactions or force divestiture or rescission, unless such Governmental Authority shall have withdrawn such notice and abandoned any such proceedings prior to the scheduled Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nn Inc)

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No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued, promulgated or enforced by any Governmental AuthorityEntity, nor shall any Action have been instituted and remain pending orpending, to the knowledge of Seller, have been threatened and remain so by any Governmental Authority at what would otherwise be the Closing Date, Entity that prohibits or restricts or would (if successful) prohibit or restrict the transactions contemplated by this AgreementAgreement or that prohibits or would (if successful) prohibit the operation of the Residential Business following the Closing Date. No Governmental Authority Entity shall have notified any party to this Agreement that consummation of the transactions contemplated by this Agreement would constitute a violation of any Laws of any jurisdiction and/or that it intends to commence proceedings to restrain or prohibit such transactions or force divestiture or rescission, unless such Governmental Authority Entity shall have withdrawn such notice and abandoned any such proceedings prior to the scheduled ClosingClosing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Encompass Services Corp)

No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued, promulgated issued or enforced by any Governmental AuthorityEntity, nor shall any Action have been instituted and remain pending or, to the knowledge of Seller, have been threatened and remain so by any Governmental Authority at what would otherwise be the Closing Date, that which prohibits or restricts or would (if successful) prohibit or materially restrict the transactions contemplated by this Agreement. No Governmental Authority Entity shall have notified any party to this Agreement Party that consummation of the transactions contemplated by this Agreement would constitute a violation of any Laws of any jurisdiction and/or or that it intends to commence proceedings to restrain or prohibit such transactions or force divestiture or rescission, unless such Governmental Authority Entity shall have withdrawn such notice and abandoned any such proceedings prior to the scheduled Closing.time which otherwise would have been the Closing Date. 6.1.2

Appears in 1 contract

Samples: Securities Purchase Agreement (Hovnanian Enterprises Inc)

No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued, promulgated issued or enforced by any Governmental AuthorityEntity, nor shall any Action have been instituted and remain pending or, to the knowledge of Seller, have been threatened and remain so by any Governmental Authority at what would otherwise be the Closing Date, that which prohibits or restricts or would (if successful) prohibit or materially restrict the transactions contemplated by this Agreement. No Governmental Authority Entity shall have notified any party to this Agreement Party that consummation of the transactions contemplated by this Agreement would constitute a violation of any Laws of any jurisdiction and/or or that it intends to commence proceedings to restrain or prohibit such transactions or force divestiture or rescission, unless such Governmental Authority Entity shall have withdrawn such notice and abandoned any such proceedings prior to the scheduled Closingtime which otherwise would have been the Closing Date. 6.1.2.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hovnanian Enterprises Inc)

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No Orders; Legal Proceedings. No Law or Order shall have been enacted, entered, issued, promulgated or enforced by any Governmental AuthorityEntity, nor shall any Action have been instituted and remain pending or, to the knowledge of Seller, have been threatened and remain so by any Governmental Authority Entity at what would otherwise be the Closing Date, that prohibits or restricts or would (if successful) prohibit or restrict the transactions contemplated by this Agreement. No Governmental Authority Entity shall have notified any party to this Agreement that consummation of the transactions contemplated by this Agreement would constitute a violation of any Laws of any jurisdiction and/or or that it intends to commence proceedings to restrain or prohibit such transactions or force divestiture or rescission, unless such Governmental Authority Entity shall have withdrawn such notice and abandoned any such proceedings prior to the scheduled otherwise timely Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gottschalks Inc)

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