Common use of No Action to Prevent Completion Clause in Contracts

No Action to Prevent Completion. There shall not have been instituted and be continuing or threatened any claim, action or proceeding which could have a material adverse effect on the condition, financial or otherwise, Assets, liabilities, business, prospects or results of operations of Seller, nor shall there have been instituted and be continuing or threatened any such claim, action or proceeding to restrain, prohibit or invalidate, or to obtain damages in respect of, the transactions contemplated by this Agreement or which might affect the right of Buyer after the Closing Date to own the Assets or to operate the business of Seller.

No Action to Prevent Completion. There shall not have been instituted and be continuing or threatened any claim, action or proceeding which could have a material adverse effect on the condition, financial or otherwise, Assets, liabilities, business, prospects or results of operations of SellerCompany, nor shall there have been instituted and be continuing or threatened any such claim, action or proceeding to restrain, prohibit or invalidate, or to obtain damages in respect of, the transactions contemplated by this Agreement or which might affect the right of Buyer after the Closing Date to own the Assets or to operate the business of SellerBusiness.

No Action to Prevent Completion. There shall not have been instituted and be continuing or threatened any claim, action action, or proceeding which could have a material adverse effect on the condition, financial or otherwise, Assets, liabilities, business, prospects or results of operations of SellerMaterial Adverse Effect, nor shall there have been instituted and be continuing or threatened any such claim, action or proceeding to restrain, prohibit prohibit, or invalidate, or to obtain damages in respect of, the transactions contemplated by this Agreement or which might affect the right of Buyer after the Closing Date to own the Assets or to operate the business of SellerBusiness.