Common use of No Adverse Action Clause in Contracts

No Adverse Action. There are no actions, suits, claims or other proceedings pending or, to the best of Buyer's knowledge, threatened or injunctions or orders entered, pending or, to the best of Buyer's knowledge, threatened against Buyer, to restrain or prohibit the consummation of the transactions contemplated hereby.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Staff Builders Inc /De/), Asset Purchase and Sale Agreement (Staff Builders Inc /De/)

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No Adverse Action. There are no actions, suits, claims or legal, administrative, arbitration or other proceedings or governmental investigations or examinations pending or, to the best of each Buyer's knowledge, threatened or injunctions or orders entered, pending or, to the best of such Buyer's knowledge, threatened against Buyersuch Buyer or its business, property or assets, at Law or in equity, before or by any Governmental Authority to restrain or prohibit the consummation of the transactions contemplated hereby.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Tesco Corp), Asset Purchase Agreement (Tesco Corp)

No Adverse Action. There are no actions, suits, claims or other proceedings pending or, to the best of BuyerSeller's knowledge, threatened or injunctions or orders entered, pending or, to the best of BuyerSeller's knowledge, threatened against BuyerSeller, to restrain or prohibit the consummation of the transactions contemplated hereby.. 4.19

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Staff Builders Inc /De/)

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No Adverse Action. There are no actions, suits, claims or other proceedings pending or, to the best of BuyerBUYER's knowledge, threatened or injunctions or orders entered, pending or, to the best of BuyerBUYER's knowledge, threatened against BuyerBUYER, to restrain or prohibit the consummation of the transactions contemplated hereby.

Appears in 1 contract

Samples: Stock Redemption Agreement (Staff Builders Inc /De/)

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