Common use of Unfavorable Action or Proceeding Clause in Contracts

Unfavorable Action or Proceeding. On the Closing Date, no Orders of any Governmental Authority shall be in effect that: (i) prevent the consummation of the Sale; (ii) makes the consummation of the Sale illegal; or (iii) require as a condition to the receipt of the consent, authorization or approval by such Governmental Authority, that Purchaser or any of its Affiliates must sell, divest or materially modify any existing line of business or any material portion thereof.

Unfavorable Action or Proceeding. On the Closing Date, no Orders of any Governmental Authority shall be in effect that: that (i) prevent the consummation of the Sale; , or (ii) makes the consummation of the Sale illegal; or (iii) require as a condition to the receipt of the consent, authorization or approval by such Governmental Authority, that Purchaser or any of its Affiliates must sell, divest or materially modify any existing line of business or any material portion thereof.