Common use of No Governmental Action Clause in Contracts

No Governmental Action. No action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently dismissed, settled or otherwise terminated) which is reasonably expected to restrain, prohibit or invalidate the transactions contemplated by this Agreement or to affect adversely the financial condition and business prospects of the Corporation.

Appears in 3 contracts

Sources: Stock Purchase Agreement (Security First Technologies Corp), Stock Purchase Agreement (Security First Technologies Corp), Stock Purchase Agreement (Security First Technologies Corp)

No Governmental Action. No action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently dismissed, settled or otherwise terminated) which is reasonably expected to restrain, prohibit or invalidate the transactions contemplated by this Agreement or to affect adversely the financial condition and business prospects of the CorporationAgreement.

Appears in 2 contracts

Sources: Stock Purchase and Option Agreement (Intuit Inc), Stock Purchase and Option Agreement (Security First Technologies Corp)

No Governmental Action. No action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently dismissed, settled or otherwise terminated) which is reasonably expected to (i) restrain, prohibit or invalidate the transactions contemplated by this Agreement Agreement, or (ii) have a Material Adverse Effect on PCS LLC prior to affect adversely the financial condition and business prospects of the CorporationClosing.

Appears in 2 contracts

Sources: Stock Purchase and Shareholder Agreement (Zions Bancorporation /Ut/), Stock Purchase and Shareholder Agreement (Zions Bancorporation /Ut/)

No Governmental Action. No action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently dismissed, settled or otherwise terminated) which is reasonably expected to restrain, prohibit or invalidate the transactions contemplated by this Agreement or to affect adversely the financial condition and business prospects of the CorporationS1.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Security First Technologies Corp), Stock Purchase Agreement (Security First Technologies Corp)

No Governmental Action. No action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently dismissed, settled or otherwise terminated) which is reasonably expected to (i) restrain, prohibit or invalidate the transactions contemplated by this Agreement Agreement, or (ii) have a Material Adverse Effect on Zions, ZFNB or the Company prior to affect adversely the financial condition and business prospects of the CorporationClosing.

Appears in 2 contracts

Sources: Stock Purchase and Shareholder Agreement (Zions Bancorporation /Ut/), Stock Purchase and Shareholder Agreement (Zions Bancorporation /Ut/)

No Governmental Action. No action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently dismissed, settled or otherwise terminated) which is reasonably expected to restrain, prohibit or invalidate the transactions contemplated by this Agreement Agreement, nor shall any court or to affect adversely other governmental authority of competent jurisdiction have issued an order, writ, injunction or decree or taken any other action restraining or otherwise prohibiting the financial condition and business prospects purchase of the CorporationShares contemplated hereby.

Appears in 1 contract

Sources: Stock Purchase Agreement (S1 Corp /De/)

No Governmental Action. No action or proceeding by or before any governmental authority shall have been instituted or threatened (and not subsequently dismissed, settled or otherwise terminated) which is reasonably expected to restrain, prohibit or invalidate the transactions contemplated by this Agreement or to affect adversely the financial condition and business prospects of the CorporationTeleBanc or Arbor.

Appears in 1 contract

Sources: Acquisition Agreement (Telebanc Financial Corp)