Common use of No Suits Clause in Contracts

No Suits. No action or proceeding shall have been instituted in any court or before any Federal, state or local governmental agency against any party seeking to restrain or prohibit the consummation of the transactions contemplated by this Agreement, or which could have a material adverse effect on any of the parties, which shall not have been dismissed or withdrawn prior to the Closing Date.

Appears in 6 contracts

Samples: Asset Purchase Agreement (Educational Medical Inc), Asset Purchase Agreement (Quest Education Corp), Stock Purchase Agreement (Educational Medical Inc)

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No Suits. No action or proceeding shall have been instituted in any court or before any Federal, state or local governmental agency against any party seeking to restrain or prohibit the consummation of the transactions contemplated by this Agreement, or which could have a material adverse effect on any of the parties, which shall not have been dismissed or withdrawn prior to the Closing DateEffective Time of the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bcam International Inc), Agreement and Plan (Educational Medical Inc)

No Suits. No action or proceeding shall have been instituted in any court or before any Federal, state or local governmental agency against any party seeking to restrain or prohibit the consummation of the transactions contemplated by this Agreement, or which could have a material adverse effect on any of the parties, which shall not have been dismissed or withdrawn prior to the Closing Date.Effective Time of the Merger. 6.8

Appears in 1 contract

Samples: Agreement and Plan (Net LNNX Inc)

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No Suits. No action or proceeding shall have been instituted in any court or before any Federal, state or local governmental agency against any party seeking to restrain or prohibit the consummation of the transactions contemplated by this Agreement, or which could have a material adverse effect on the School Related Assets or prospects of any of the parties, which shall not have been dismissed or withdrawn prior to the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Educational Medical Inc)

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