Common use of Pending Actions Clause in Contracts

Pending Actions. At Closing there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that, after Closing, would, in Acquiror’s sole and absolute discretion, materially and adversely affect the value or marketability of the Project, or the ability of Acquiror to operate any or all of the Project in the manner it is being operated on the Contract Date.

Appears in 3 contracts

Samples: Contribution Agreement (Talon Real Estate Holding Corp.), Contribution Agreement (First Capital Real Estate Trust Inc), Contribution Agreement (Talon Real Estate Holding Corp.)

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Pending Actions. At Closing the Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that, after the Closing, would, in Acquiror’s Buyer's sole and absolute discretion, materially and adversely affect any Entity or the value or marketability of any Project or the ProjectProjects as a whole, or the ability of Acquiror Buyer to operate any or all of the Project Projects in the manner it is (they are) being operated on the Contract Date.

Appears in 2 contracts

Samples: Contribution Agreement (Corporate Office Properties Trust), Contribution Agreement (Baltimore Gas & Electric Co)

Pending Actions. At Closing the Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatenedthreatened with respect to the Project, (i) that, after the Closing, would, in Acquiror’s sole and absolute 's reasonable discretion, materially and adversely affect the value or marketability of the Project, Project or the ability of Acquiror to operate any or all of the Project in the manner it is being operated on the Contract Date, or (ii) for the purpose of enjoining or preventing, or which questions the validity or legality of, the transactions contemplated hereby.

Appears in 2 contracts

Samples: Contribution Agreement (Corporate Office Properties Trust), Contribution Rights Agreement (Corporate Office Properties Trust)

Pending Actions. At Closing Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that was not pending or threatened on the last day of the Inspection Period and that, after Closing, would, in Acquiror’s sole and absolute Purchaser's reasonable discretion, materially and adversely affect the value or marketability of the Project, or the ability of Acquiror Purchaser to operate any or all of the Project in the manner it is being operated on the Contract Date.

Appears in 1 contract

Samples: Agreement of Purchase (G Reit Inc)

Pending Actions. At Closing the Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that, after the Closing, would, in Acquiror’s Buyer's sole and absolute discretion, materially and adversely affect the Company, the Member Interest, the transfer of the Member Interest, or the value or marketability of the ProjectProperty, or the ability of Acquiror the Company to operate any or all of the Project Property in the manner it is being operated on the Contract Dateintended.

Appears in 1 contract

Samples: Development Property Acquisition Agreement (Corporate Office Properties Trust)

Pending Actions. At Closing Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that, after Closing, would, in Acquiror’s sole and absolute discretion, materially and adversely affect the value or marketability of the Project, or the ability of Acquiror Purchaser to operate any or all of the Project in the manner it is being operated on the Contract Date.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (RREEF Property Trust, Inc.)

Pending Actions. At Closing Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that, after Closing, would, in Acquiror’s Purchaser's sole and absolute discretion, materially and adversely affect the value or marketability of the ProjectProperty, or the ability of Acquiror Purchaser to operate any or all of the Project Property in the manner it is being operated on the Contract Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lamaur Corp)

Pending Actions. At Closing Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that, after Closing, would, in Acquiror’s Purchaser's sole and absolute discretion, materially and adversely affect the value or marketability of the Project, or the ability of Acquiror Purchaser to operate any or all of the Project in the manner it is being operated on the Contract Date.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Di Giorgio Corp)

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Pending Actions. At Closing Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that, after Closing, would, in AcquirorBuyer’s sole and absolute discretionreasonable judgment, materially and adversely affect the value or marketability of the ProjectProperty, or the ability of Acquiror Buyer to operate any or all of the Project Property in the manner it is being operated on the Contract Effective Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Applied Films Corp)

Pending Actions. At Closing Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that, after Closing, would, in Acquiror’s Purchaser's sole and absolute discretion, materially and adversely affect the value or marketability of the ProjectAssets, or the ability of Acquiror Purchaser to operate any or all of the Project Assets in the manner it is they are being operated on the Contract Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lamaur Corp)

Pending Actions. At Closing Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that, after Closing, would, in Acquiror’s or Subsidiary’s, as applicable, sole and absolute discretion, materially and adversely affect the value or marketability of the Project, or the ability of Acquiror Subsidiary to operate any or all of the Project in the manner it is being operated on the Contract Date.

Appears in 1 contract

Samples: Contribution Agreement (Talon Real Estate Holding Corp.)

Pending Actions. At Closing Closing, there shall be no administrative agency, litigation or governmental proceeding of any kind whatsoever, pending or threatened, that, after Closing, would, in Acquiror’s sole and absolute discretion, materially and adversely affect the value or marketability of the Project, or the ability of Acquiror to operate any or all of the Project in the manner it is being operated on the Contract Date.

Appears in 1 contract

Samples: Contribution Agreement (Talon Real Estate Holding Corp.)

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