Common use of Action or Proceeding Clause in Contracts

Action or Proceeding. There shall not be any action or proceeding by or before any court or other governmental body that shall seek to restrain, prohibit, or invalidate the transactions contemplated by this Agreement.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Kirby Corp), Merger Agreement (Agri Nutrition Group LTD)

Action or Proceeding. There shall not be any action or proceeding by or before any court or other governmental body that shall seek to restrain, prohibit, prohibit or invalidate the transactions contemplated by this Amended Agreement, and there shall not be any action or proceeding seeking a material amount of damages by reason of consummation of this Amended Agreement or any of the transactions contemplated hereunder, the defense of any of which would involve expense or lapse of time that would be materially adverse to the interests of the Company.

Appears in 1 contract

Sources: Securities Purchase Agreement (Health Systems International Inc)