No Injunction or Restraint. There shall not be in effect any temporary or permanent restraining order, decree, ruling or injunction or other order of a court or other Governmental Body of competent jurisdiction directing that the transactions contemplated herein not be consummated, or making such consummation unlawful, or otherwise materially limiting or restricting ownership or operation of the Business by Buyer; provided, however, that each of the parties shall have used their reasonable efforts to prevent the entry of any such temporary or permanent restraining order, injunction or other order; and
Appears in 2 contracts
Sources: Asset Purchase Agreement (Sito Mobile, Ltd.), Asset Purchase Agreement (American Media Inc)
No Injunction or Restraint. There shall not be in effect any No temporary or permanent restraining order, decree, ruling preliminary or permanent injunction or other order of a or decree issued by any court or other Governmental Body of competent jurisdiction directing that or other legal restraint or prohibition (collectively, “Legal Restraints”) preventing the consummation of the transactions contemplated herein not hereby and by the other Transaction Agreements shall be consummated, or making such consummation unlawful, or otherwise materially limiting or restricting ownership or operation of the Business by Buyerin effect; provided, however, that prior to asserting this condition, each of the parties Sellers and Paramount shall have used their all commercially reasonable efforts to prevent the entry of any such temporary or permanent restraining order, injunction or other order; andorder and to appeal as promptly as possible any such injunction or other order that may be entered.
Appears in 1 contract
Sources: Stock Purchase Agreement (Paramount Acquisition Corp)
No Injunction or Restraint. There shall not be in effect any temporary or permanent restraining order, decree, ruling or injunction or other order of a court or other Governmental Body of competent jurisdiction directing that the transactions contemplated herein not be consummated, or making such consummation unlawful, or otherwise materially limiting or restricting ownership or operation of the Business by Buyeras conducted prior to the Closing Date; provided, however, that each of the parties shall have used their reasonable commercial efforts to prevent the entry of any such temporary or permanent restraining order, injunction or other order; and
Appears in 1 contract
Sources: Share Purchase Agreement (Vitality Biopharma, Inc.)