Common use of No Governmental Action Clause in Contracts

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by any of the Operative Documents by, any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the Purchaser, (i) makes any of the transactions contemplated by this Agreement illegal, (ii) results in a material delay in the ability of the Purchaser to consummate any of the transactions contemplated by this Agreement, (iii) imposes material limitations, other than those imposed by the Voting Agreement, on the ability of the Purchaser effectively to exercise full rights of ownership of the Seller Common Stock to be issued to the Purchaser at such Second Closing, including the right to vote such Seller Common Stock on all matters properly presented to the stockholders of the Seller except as contemplated by the Voting Agreement, or (iv) otherwise prohibits, restricts, or materially delays consummation of any of the transactions contemplated by this Agreement.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Crown Northcorp Inc), Stock Purchase Agreement (Harbert Equity Fund I LLC)

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by any of the Operative Documents byDocuments, by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the Purchaser, (i) makes any of the transactions contemplated by this Agreement illegal, (ii) results in a material delay in the ability of the Purchaser to consummate any of the transactions contemplated by this Agreement, (iii) imposes material limitationslimitations on the ability of the Purchaser, other than those imposed by the Voting Agreement, on the ability of the Purchaser Agreement (as hereinafter defined) effectively to exercise full rights of ownership of the Seller Common Stock to be issued to the Purchaser at such Second Closing, First Closing Shares including the right to vote such Seller Common Stock the First Closing Shares on all matters properly presented to the stockholders of the Seller except as contemplated by the Voting Agreement, or (iv) otherwise prohibits, restricts, or materially delays consummation of any of the transactions contemplated by this Agreement.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Crown Northcorp Inc), Stock Purchase Agreement (Harbert Equity Fund I LLC)

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, judgment, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by any of the Operative Documents by, this Agreement by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable sole judgment of the Purchaser, (ia) makes any of the transactions contemplated by this Agreement illegal, (iib) results in a material delay in the ability of the Purchaser to consummate any of the transactions contemplated by this AgreementContemplated Transactions, (iiic) requires the divestiture by the Purchaser of any of the Rako Shares or of a material portion of the business of the Purchaser, or of Rako, (d) imposes material limitations, other than those imposed by the Voting Agreement, limitations on the ability of the Purchaser effectively to exercise full rights of ownership of the Seller Common Stock to be issued to the Purchaser at such Second Closing, Rako Shares including the right to vote such Seller Common Stock shares on all matters properly presented to the stockholders of the Seller except as contemplated by the Voting AgreementRako, or (ive) otherwise prohibits, restricts, or materially delays consummation of any of the transactions contemplated by this Agreement or impairs the contemplated benefits to the Purchaser of any of the transactions contemplated by this Agreement.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Rako Capital Corp), Stock Purchase Agreement (Osprey Investments Ii Inc)

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, judgment, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by any of the Operative Documents by, this Agreement by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable sole judgment of the Purchaser, (ia) makes any of the transactions contemplated by this Agreement illegal, (iib) results in a material delay beyond the Final Closing Date in the ability of the Purchaser to consummate any of the transactions contemplated by this Agreement, (iiic) requires the divestiture by the Purchaser of a material portion of the business of the Purchaser and its subsidiaries taken as a whole, or of the Companies (d) imposes material limitations, other than those imposed by the Voting Agreement, limitations on the ability of the Purchaser effectively to exercise full rights of ownership of the Seller Common Stock shares to be issued acquired from the Sellers or (e) otherwise prohibits or materially, restricts consummation of any of the transactions contemplated by this Agreement or materially impairs the contemplated benefits to the Purchaser at such Second Closing, including the right to vote such Seller Common Stock on all matters properly presented to the stockholders of the Seller except as contemplated by the Voting Agreement, or (iv) otherwise prohibits, restricts, or materially delays consummation of any of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Stock Purchase Agreement (Marketing Services Group Inc)

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, judgment, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by any of the Operative Documents by, this Agreement by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable sole judgment of the Purchaser, (ia) makes any of the transactions contemplated by this Agreement illegal, (iib) results in a material delay in the ability of the Purchaser to consummate any of the transactions contemplated by this Agreement, (iiic) requires the divestiture by the Purchaser of a material portion of the business of the Purchaser and its subsidiaries taken as a whole, or of the Companies (d) imposes material limitations, other than those imposed by the Voting Agreement, limitations on the ability of the Purchaser effectively to exercise full rights of ownership of the Seller Common Stock shares to be issued acquired from the Seller, or (e) otherwise prohibits or restricts consummation of any of the transactions contemplated by this Agreement or impairs the contemplated benefits to the Purchaser at such Second Closing, including the right to vote such Seller Common Stock on all matters properly presented to the stockholders of the Seller except as contemplated by the Voting Agreement, or (iv) otherwise prohibits, restricts, or materially delays consummation of any of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Stock Purchase Agreement (Marketing Services Group Inc)

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by any of the Operative Documents byDocuments, by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the Purchaser, (i) makes any of the transactions contemplated by this Agreement illegal, (ii) results in a material delay in the ability of the Purchaser to consummate any of the transactions contemplated by this Agreement, (iii) imposes material limitations, other than those imposed by the Voting Agreement, on the ability of the Purchaser effectively to exercise full rights of ownership of the Seller Common Stock to be issued to the Purchaser at such Second ClosingThird Closing Shares, including the right to vote such Seller Common Stock the Third Closing Shares on all matters properly presented to the stockholders of the Seller except as contemplated by the Voting Agreement, or (iv) otherwise prohibits, restricts, or materially delays consummation of any of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Stock Purchase Agreement (Crown Northcorp Inc)

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by any of the Operative Documents byDocuments, by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the Purchaser, (i) makes any of the transactions contemplated by this Agreement illegal, (ii) results in a material delay in the ability of the Purchaser to consummate any of the transactions contemplated by this Agreement, (iii) imposes material limitations, other than those imposed by the Voting Agreement, on the ability of the Purchaser effectively to exercise full rights of ownership of the Seller Common Stock to be issued to the Purchaser at such Second ClosingThird Closing Shares, including the right to vote such Seller Common Stock the Third Closing Shares on all matters properly presented to the stockholders of the Seller except as contemplated by the Voting Agreement, or (iv) otherwise prohibits, restricts, or materially delays consummation consum- mation of any of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Stock Purchase Agreement (Harbert Equity Fund I LLC)

No Governmental Action. There shall not have been any action taken, or any law, rule, regulation, order, judgment, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by this Agreement by any of the Operative Documents by, any federal, state, local, or other governmental authority Governmental Entity or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the PurchaserParent or Merger-Sub, (ia) makes any of the transactions contemplated by this Agreement Agreement, illegal, (iib) results in a material delay in the ability of the Purchaser Parent or Merger-Sub to consummate any of the transactions contemplated by this Agreement, (iiic) requires the divestiture by Parent of any of the Outstanding Securities or of a material portion of the business of either Parent and its subsidiaries taken as a whole, or of VSE, (d) imposes material limitations, other than those imposed by the Voting Agreement, limitations on the ability of the Purchaser Parent or Merger-Sub effectively to exercise full rights of ownership of the Seller Common Stock to be issued to the Purchaser at such Second Closing, including the right to vote such Seller Common Stock on all matters properly presented to the stockholders of the Seller except as contemplated by the Voting Agreementshares, or (ive) otherwise prohibits, restricts, or materially delays consummation of any of the transactions contemplated by this Agreement or impairs the contemplated benefits to Parent or Merger-Sub of any of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Merger Agreement (Predict It Inc)