No Legal Impediment to Issuance; No Material Adverse Effect Clause Samples

The "No Legal Impediment to Issuance; No Material Adverse Effect" clause ensures that there are no legal barriers or significant negative changes that would prevent a transaction or the issuance of securities from proceeding. In practice, this means that all necessary approvals have been obtained, no laws or regulations are being violated, and there have been no major adverse developments affecting the parties or the subject matter of the agreement. This clause serves to protect the parties by confirming that the transaction can move forward without unexpected legal obstacles or material negative events, thereby reducing risk and uncertainty.
No Legal Impediment to Issuance; No Material Adverse Effect. No Law or Order shall have become effective or been enacted, adopted or issued by any Governmental Authority that prohibits the implementation of this Agreement or the transactions contemplated herein, and no Material Adverse Effect shall have occurred.
View SourceView Similar (16)

Related to No Legal Impediment to Issuance; No Material Adverse Effect

  • No Company Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Company Material Adverse Effect.

  • No Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Material Adverse Effect.

  • Company Material Adverse Effect Since the date of this Agreement, there shall not have been any Company Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.

  • Parent Material Adverse Effect Since the date of this Agreement, there shall not have been any Parent Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.

  • Absence of Company Material Adverse Effect Since the date of this Agreement, there shall not have been any event, change, effect or development that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect.