Common use of No Other Litigation Clause in Contracts

No Other Litigation. There shall not be pending or threatened to commence any Legal Proceeding (a) challenging or seeking to restrain or prohibit the consummation of the Merger or any of the other transactions contemplated by this Agreement; (b) relating to the Merger and seeking to obtain from Parent or any of its subsidiaries any damages that may be material to Parent; (c) seeking to prohibit or limited in any material respect Parent's ability to vote, receive dividends with respect to or otherwise exercise ownership rights with respect to the stock of the Surviving Corporation; or (d) which would affect adversely the right of Parent, the Surviving Corporation or any subsidiary of Parent to own the assets or operate the business of the Company.

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (Award Software International Inc), Agreement and Plan of Merger and Reorganization (Award Software International Inc), Agreement and Plan of Merger and Reorganization (Award Software International Inc)

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No Other Litigation. There shall not be pending or threatened to commence any Legal Proceeding (a) challenging or seeking to restrain or prohibit the consummation of the Merger or any of the other transactions contemplated by this Agreement; (b) relating to the Merger and seeking to obtain from Parent the Company or any of its subsidiaries any damages that may be material to Parentthe Company; (c) seeking to prohibit or limited in any material respect Parentthe Company's ability to vote, receive dividends with respect to or otherwise exercise ownership rights with respect to the stock of the Surviving Corporation; or (d) which would affect adversely the right of Parent, the Surviving Corporation or any subsidiary of Parent to own the assets or operate the business of the Company.

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (Award Software International Inc), Agreement and Plan of Merger and Reorganization (Award Software International Inc), Agreement and Plan of Merger and Reorganization (Award Software International Inc)

No Other Litigation. There shall not be pending or threatened to commence any Legal Proceeding (a) challenging or seeking to restrain or prohibit the consummation of the 501 Merger or any of the other transactions contemplated by this Agreement; (b) relating to the 501 Merger and seeking to obtain from Parent the 501 Company or any of its subsidiaries any damages that may be material to Parentthe 501 Company; (c) seeking to prohibit or limited limit in any material respect Parent's the ability to vote, receive dividends with respect to or otherwise exercise ownership rights with respect to the stock of the Surviving Corporation; or (d) which would affect adversely the right of the Parent, the Surviving Corporation or any subsidiary of the Parent to own the assets or operate the business of the 501 Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Empire Global Corp.), Agreement and Plan of Merger (Empire Global Corp.)

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No Other Litigation. There shall not be pending or threatened to commence any Legal Proceeding (a) challenging or seeking to restrain or prohibit the consummation of the 501 Merger or any of the other transactions contemplated by this Agreement; (b) relating to the 501 Merger and seeking to obtain from the Parent or any of its subsidiaries any damages that may be material to the Parent; (c) seeking to prohibit or limited limit in any material respect Parent's the ability to vote, receive dividends with respect to or otherwise exercise ownership rights with respect to the stock of the Surviving Corporation; or (d) which would affect adversely the right of the Parent, the Surviving Corporation or any subsidiary of the Parent to own the assets or operate the business of the Parent, the Merger Sub, and the 501 Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Empire Global Corp.), Agreement and Plan of Merger (Empire Global Corp.)

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