Common use of Pending Matters Clause in Contracts

Pending Matters. No suit, action, bankruptcy or other proceeding by or before any court or Governmental Authority, shall be pending or threatened that seeks to, or could reasonably result in a judicial order, judgment or decree that would, restrain, prohibit, invalidate, enjoin, or collect damages arriving out of the transactions contemplated by this Agreement, or which in the reasonable judgment of Buyer, makes it inadvisable to proceed with the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Gulfport Energy Corp), Purchase and Sale Agreement (Callon Petroleum Co)

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Pending Matters. No suit, action, bankruptcy or other proceeding by or before any court or Governmental Authority, Authority shall be pending or threatened that seeks to, or could reasonably result in a judicial order, judgment or decree that would, restrain, prohibit, invalidate, enjoin, or collect damages arriving arising out of the transactions contemplated by this AgreementAgreement or which, or which in the reasonable judgment of BuyerSeller, makes it inadvisable to proceed with the transactions contemplated by this Agreementhereby.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Callon Petroleum Co), Purchase and Sale Agreement (Gulfport Energy Corp)

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Pending Matters. No suit, action, bankruptcy suit or other proceeding by shall be pending or threatened before any court or Governmental Authority, shall be pending or threatened that seeks to, or could reasonably result in a judicial order, judgment or decree that would, Authority seeking to restrain, prohibit, invalidate, enjoinor declare illegal, or collect seeking substantial damages arriving out of in connection with, the transactions transaction contemplated by this Agreement, or which in the reasonable judgment of Buyer, makes it inadvisable to proceed with the transactions contemplated by this Agreementhereby.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Athlon Finance Corp.)

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