Common use of Adverse Proceedings Clause in Contracts

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 12 contracts

Samples: Asset Purchase Agreement (Debut Broadcasting Corporation, Inc.), Asset Purchase Agreement (Debut Broadcasting Corporation, Inc.), Asset Exchange Agreement (SFX Broadcasting Inc)

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Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no orderother, decree or judgment of any court, agency or other governmental authority shall have been rendered against, against any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 10 contracts

Samples: Asset Purchase Agreement (Debut Broadcasting Corporation, Inc.), Asset Purchase Agreement (Debut Broadcasting Corporation, Inc.), Purchase and Sale Agreement (Marquee Group Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, any party hereto which that would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 7 contracts

Samples: Asset Purchase Agreement (Legacy Communications Corp), Option Agreement (Legacy Communications Corp), Option Agreement (Legacy Communications Corp)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, against any party hereto which that would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 6 contracts

Samples: Asset Purchase Agreement (Legacy Communications Corp), Option Agreement (Legacy Communications Corp), Option Agreement (Legacy Communications Corp)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, against any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 4 contracts

Samples: Joint Venture Purchase Agreement (Jinpan International LTD), Agreement and Plan of Merger (Virtualfund Com Inc), Stock Purchase Agreement (SFX Broadcasting Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no orderother, decree or judgment of any court, agency or other governmental authority shall have been rendered against, any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 3 contracts

Samples: Assets Purchase Agreement (American Radio Systems Corp /Ma/), Asset Exchange Agreement (SFX Broadcasting Inc), Asset Exchange Agreement (SFX Broadcasting Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, against the parties or any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 2 contracts

Samples: Assets Purchase Agreement (Caretenders Health Corp), Assets Purchase Agreement (Caretenders Health Corp)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment judgement of any court, agency or other governmental authority shall have been rendered against, any party Party hereto which that the Buyers in good faith, based upon a written opinion of counsel, believe would render it them unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, against the parties or any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its termsterms or otherwise have a material adverse effect on the Buyer's ownership, use or enjoyment of the Purchased Assets.

Appears in 2 contracts

Samples: Assets Purchase Agreement (Caretenders Health Corp), Assets Purchase Agreement (Caretenders Health Corp)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered againstagainst any Party hereto that the Sellers in good faith, any party hereto which based upon a written opinion of counsel, believe would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, against any party hereto hereto, which would render it unlawful, unlawful as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Marquee Group Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending or threatened against, and no order, decree order or judgment of any court, agency court or other governmental authority shall have been rendered against, against the parties or any party hereto which would render it unlawful, as of the Closing Date, to effect affect the transactions contemplated by this Agreement in accordance with its termsterms or otherwise have a material adverse effect on the economics of the transaction contemplated hereby or on Buyer’s ownership, use or operation of the Business.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Robotic Vision Systems Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, any party hereto which that would or would be reasonably expected to render it unlawful, as of the Closing Date, to effect consummate the transactions contemplated by this Agreement in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Beasley Broadcast Group Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority Governmental Authority shall have been rendered against, against any party hereto which that would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nextmedia Operating Inc)

Adverse Proceedings. (i) No suit, action, claim or governmental proceeding shall be pending againstagainst any party hereto which would reasonably be expected to render the consummation of the transactions contemplated by this Agreement unlawful, and (ii) no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 1 contract

Samples: Solicitation Agreement (SFX Broadcasting Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending againstwhich seeks to restrain or prohibit this Agreement or consummation of the transactions contemplated hereby, and no order, decree or judgment of any court, agency or other governmental authority Governmental Authority shall have been rendered against, against any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms, or which would impair materially the ability of Buyer to realize the benefits of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement

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Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and or no orderother, decree or judgment of any court, agency or other governmental authority shall have been rendered against, against any party hereto which challenge or would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 1 contract

Samples: Purchase and Sale Agreement (SFX Broadcasting Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and or no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, any party hereto which challenges or would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 1 contract

Samples: Purchase and Sale Agreement (SFX Broadcasting Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms. There shall have been no material adverse change in the Business or its prospects for the future.

Appears in 1 contract

Samples: Asset Purchase Agreement (Seec Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no orderother, decree or judgment of any court, agency or other governmental authority shall have been rendered against, against any party hereto hereto, which would render it unlawful, unlawful as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Marquee Group Inc)

Adverse Proceedings. No suit, action, claim claim, or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency agency, or other governmental authority shall have been rendered against, against the parties or any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms, and no litigation or other proceeding shall have been commenced against Seller or Buyer that would have a material adverse effect on Buyer's ownership, use, or enjoyment of the Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Chemed Corp)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, against any party hereto which that would or would be reasonably expected to render it unlawful, as of the Closing Date, to effect consummate the transactions contemplated by this Agreement in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Beasley Broadcast Group Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority Governmental Authority shall have been rendered against, any party hereto which that would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nextmedia Operating Inc)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no order, decree or judgment of any court, agency or other governmental authority shall have been rendered against, any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.. 11.5

Appears in 1 contract

Samples: Asset Purchase Agreement (Triathlon Broadcasting Co)

Adverse Proceedings. No suit, action, claim or governmental proceeding shall be pending against, and no orderother, decree or judgment of any court, agency or other governmental authority shall have been rendered against, against any party hereto which would render it unlawful, as of the Closing Date, to effect the transactions contemplated by this Agreement in accordance with its terms.. 12.4

Appears in 1 contract

Samples: Asset Purchase Agreement (Triathlon Broadcasting Co)

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