Common use of No Action or Proceeding Clause in Contracts

No Action or Proceeding. No action, suit or proceeding shall have been ----------------------- instituted before any court or governmental body seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization and Liquidation (Vertel Corp), Stock Pledge Agreement (Internet Ventures Inc)

No Action or Proceeding. No action, suit suit, investigation or proceeding shall have been ----------------------- instituted before any court or governmental body Governmental Body seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto Party may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Sources: Stock Purchase Agreement (Wireless Facilities Inc)

No Action or Proceeding. No action, suit or proceeding shall have been ----------------------- instituted before any court or governmental body seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Sources: Merger Agreement (Internet Ventures Inc)

No Action or Proceeding. No action, suit or proceeding Proceeding shall have been ----------------------- instituted or threatened before any court or governmental body Authority seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either any party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Sources: Asset Purchase Agreement (Healthcare Technologies LTD)

No Action or Proceeding. No action, suit or proceeding shall have ----------------------- been ----------------------- instituted before any court or governmental body seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Sources: Stock Purchase Agreement (Internet Ventures Inc)

No Action or Proceeding. No action, suit or proceeding Action shall have been ----------------------- instituted or threatened before any court or governmental body Governmental Authority seeking to challenge or restrain the transactions contemplated herein herein, which presents a substantial risk that such transactions will be restrained or that either party hereto the Parties may suffer material damages or other relief h▇▇▇▇ as a result of consummating such transactions.

Appears in 1 contract

Sources: Stock Purchase Agreement (Fortium Holdings Corp.)

No Action or Proceeding. No action, suit or proceeding shall have ----------------------- been ----------------------- instituted or threatened before any court or governmental body Authority seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Sources: Capital Contribution Agreement (Imperial Financial Group Inc)

No Action or Proceeding. No action, suit suit, or proceeding shall have been ----------------------- instituted or threatened before any court or governmental body seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Sources: Asset Purchase Agreement (Small World Kids Inc)