Common use of No Adverse Action Clause in Contracts

No Adverse Action. There shall not be pending or threatened any action before any court or other governmental authority which shall seek to prohibit or invalidate the delivery of the Assets to the Buyer, or which might adversely affect the right of the Buyer to utilize the Assets. The Assets shall not have been materially affected by any event or circumstance after the date of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Vivos Therapeutics, Inc.), Asset Purchase Agreement (Vivos Therapeutics, Inc.)

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No Adverse Action. There shall not be pending or threatened any action or proceeding by or before any court or other governmental authority Governmental Authority which shall seek to restrain, prohibit or invalidate the assignment, transfer or delivery of the Subject Assets to the BuyerBuyer or any other transaction contemplated by this Agreement, or which might materially adversely affect the right of the Buyer to utilize own or operate in their entirety the Subject Assets. The Subject Assets shall not have been materially and adversely affected by any event or circumstance after the date of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (French Fragrances Inc)

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No Adverse Action. There shall not be pending or threatened any action or proceeding by or before any court or other governmental authority Governmental Authority which shall seek to restrain, prohibit or invalidate the assignment, transfer or delivery of the Subject Assets to the BuyerBuyer or any other transaction contemplated by this Agreement, or which might materially adversely affect the right of the Buyer to utilize own in its entirety the Subject Assets. The Subject Assets shall not have been materially and adversely affected by any event or circumstance after the date of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Elizabeth Arden Inc)

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