Common use of HSR Act; No Order Clause in Contracts

HSR Act; No Order. Any waiting periods under the HSR Act applicable to the transactions contemplated by this Agreement shall have expired or been terminated. No federal, state or other governmental authority or other agency or commission or federal, state or other court of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any statute, rule, regulation, injunction or other order (whether temporary, preliminary or permanent) which is in effect and has the effect of making the transactions contemplated by this Agreement and/or the Ancillary Agreements illegal or otherwise restraining or prohibiting consummation of such transactions; provided, however, that the parties hereto shall use all commercially reasonable efforts to have any such order or injunction vacated.

Appears in 2 contracts

Sources: Asset Acquisition Agreement (Adaptec Inc), Asset Acquisition Agreement (Edify Corp)