Common use of Conditions to Obligations of Each Party to Effect the Share Exchange Clause in Contracts

Conditions to Obligations of Each Party to Effect the Share Exchange. The respective obligations of each party to this Agreement to effect the Share Exchange shall be subject to the satisfaction at or prior to the Exchange Date of the following conditions: (a) No Injunctions or Restraints; Illegality. No temporary restraining order, preliminary or permanent injunction or other order issued by any court of competent jurisdiction or other legal or regulatory restraint or prohibition preventing or challenging the consummation of the Share Exchange shall be in effect nor shall any proceeding brought by any Governmental Entity seeking the foregoing be pending.

Conditions to Obligations of Each Party to Effect the Share Exchange. The respective obligations of each party to this Agreement to effect the Share Exchange shall be subject to the satisfaction at or prior to the Exchange Date of the following conditions: (a) No Injunctions or Restraints; Illegality. No temporary restraining order, preliminary or permanent injunction or other order issued by any court of competent jurisdiction or other legal or regulatory restraint or prohibition preventing or challenging the consummation of the Share Exchange shall be in effect nor shall any proceeding brought by any Governmental Entity seeking the foregoing be pendingeffect.