No Action or Proceedings Sample Clauses

The "No Action or Proceedings" clause prohibits one or more parties from initiating legal action or formal proceedings against another party under certain circumstances. Typically, this clause applies to disputes arising from the agreement and may require parties to first pursue alternative dispute resolution methods, such as negotiation or mediation, before resorting to litigation. Its core function is to minimize unnecessary legal conflicts and encourage resolution of disputes through less adversarial means, thereby saving time and resources for all parties involved.
No Action or Proceedings. No statute, rule, regulation, decree, order or injunction shall have been promulaged, enacted or entered by any Governmental Agency or judicial authority and be in effect which would prohibit the consummation of the transactions contemplated by this Agreement and no action or proceeding by or before any court or other Governmental Agency shall have been instituted or threatened by any party to restrain or prohibit Shareholders or Target from consummating the transactions contemplated by this Agreement.
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No Action or Proceedings. No action or proceeding shall have been instituted or, to the knowledge of Seller, threatened for the purpose of or with the probable effect of enjoining or preventing the consummation of the transactions contemplated by this Purchase Agreement.
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No Action or Proceedings. No action or proceedings have been instituted or, to Purchaser's knowledge, threatened before a court or other Governmental or Regulatory Authority to restrain or prohibit any of the transactions contemplated hereby.
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No Action or Proceedings. There shall not be pending or instituted, threatened or proposed, any suit, action, investigation, material dispute or other proceeding by or before any Governmental Authority or any other Person affecting, relating to, challenging or complaining of, or seeking to collect damages or other relief in connection with, the transactions provided for in this Definitive Agreement.
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No Action or Proceedings. There are no actions, suits or proceedings pending or, to the knowledge of the Assignor, threatened, before or by any court, administrative agency, arbitrator or governmental body (i) with respect to any of the transactions contemplated by this Agreement or (ii) with respect to any other matter that in the judgment of the Assignor will be determined adversely to the Assignor and will if determined adversely to the Assignor materially adversely affect its ability to perform its obligations under this Agreement.
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No Action or Proceedings. 16.3.5 No Statute or Regulation 16.3.6 Due Diligence 16.3.7 Consents 16.3.8 Liquor Licenses 16.3.9 Leases of Real Property 16.3.10 Permits and Licenses 16.3.11 Contracts 16.3.12 Covenants Not To Compete 16.3.13 Simultaneous Closings 16.3.14 Opinion of Navajo Counsel
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No Action or Proceedings there are no actions or proceedings pending or, to the knowledge of the Borrower threatened which challenge the validity of this Agreement, the validity of any of the Securities or which might result in a material adverse change in the financial condition of the Borrower or any Indemnitor, indemnitor or guarantor or which would materially adversely affect the ability of the Borrower or any Indemnitor, indemnitor or guarantor to perform its/their obligations under this Agreement, the Securities or any other document in connection herewith.
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No Action or Proceedings. There shall not have been any action taken, or any statute, rule, regulation, decree, judgment, order or injunction proposed, promulgated, enacted, issued or entered by any Governmental Agency or judicial authority, and there shall be no action, suit or proceeding pending or threatened which, in the reasonable judgment of the Seller, (a) makes, or may make, this Agreement (and each other agreement delivered or to be delivered in connection herewith) or any of the transactions contemplated hereby or thereby illegal or imposes, or may impose, material damages or penalties in connection therewith or (b) otherwise prohibits, restricts or delays the consummation of the transactions contemplated by this Agreement (and each other agreement delivered or to be delivered in connection herewith); increases, or may increase, in any material respect the liabilities or obligations of such party arising out of this Agreement (and each other agreement delivered or to be delivered in connection herewith) or any of the other transactions contemplated hereby and thereby; or impairs, or may impair, the contemplated benefits to such party of any of the transactions contemplated by this Agreement (and each other agreement delivered or to be delivered in connection herewith).
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No Action or Proceedings. Brokers' or Finders' Fees.............................................33 4.6 Financing.............................................................33 4.7 Disclosure............................................................34 ARTICLE V
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Related to No Action or Proceedings

  • No Action or Proceeding No legal or regulatory action or proceeding shall be pending or threatened by any person to enjoin, restrict or prohibit the purchase and sale of the Purchased Shares contemplated hereby;

  • No Actions or Proceedings No action, proceeding, investigation, regulation or legislation shall have been instituted, threatened or proposed before any court, governmental agency or legislative body to enjoin, restrain or prohibit, or to obtain damages in respect of, this Agreement, the other Loan Documents or the consummation of the transactions contemplated hereby or thereby or which, in the Agent's sole discretion, would make it inadvisable to consummate the transactions contemplated by this Agreement or any of the other Loan Documents.

  • No Actions, Suits or Proceedings No action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries or its or their property is pending or, to the best knowledge of the Company, threatened that (i) could reasonably be expected to have a Material Adverse Effect on the performance of this Agreement or the consummation of any of the transactions contemplated hereby or (ii) could reasonably be expected to result in a Material Adverse Effect.

  • Legal Actions or Proceedings No legal action or proceeding shall have been instituted or threatened seeking to restrain, prohibit, invalidate or otherwise affect the consummation of the transactions contemplated hereby.

  • Other Proceedings If and whenever an Event of Default shall have occurred and be continuing, the Trustee, at the direction of the Control Party (subject to Section 11.4(e) of the Base Indenture, at the direction of the Controlling Class Representative), shall take one or more of the following actions: (i) proceed to protect and enforce its rights and the rights of the Noteholders and the other Secured Parties, by such appropriate Proceedings as the Control Party (at the direction of the Controlling Class Representative) shall deem most effective to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Agreement or any other Transaction Document or in aid of the exercise of any power granted therein, or to enforce any other proper remedy or legal or equitable right vested in the Trustee by this Agreement or any other Transaction Document or by law, including any remedies of a secured party under Requirements of Law; (A) direct the Guarantors to exercise (and each Guarantor agrees to exercise) all rights, remedies, powers, privileges and claims of any Guarantor against any party to any Collateral Document to which such Guarantor is a party arising as a result of the occurrence of such Event of Default or otherwise, including the right or power to take any action to compel performance or observance by any such party of its obligations to any Guarantor, and any right of any Guarantor to take such action independent of such direction shall be suspended, and (B) if (x) the Guarantors shall have failed, within ten (10) Business Days of receiving the direction of the Trustee (given at the direction of the Control Party (at the direction of the Controlling Class Representative)), to take commercially reasonable action to accomplish such directions of the Trustee, (y) any Guarantor refuses to take such action or (z) the Control Party (at the direction of the Controlling Class Representative) reasonably determines that such action must be taken immediately, take (or the Control Party on behalf of the Trustee shall take) such previously directed action (and any related action as permitted under this Agreement thereafter determined by the Trustee or the Control Party to be appropriate without the need under this provision or any other provision under this Agreement to direct the Guarantors to take such action); (iii) institute Proceedings from time to time for the complete or partial foreclosure of this Agreement or, to the extent applicable, any other Transaction Document, with respect to the Collateral; provided that the Trustee shall not be required to take title to any real property in connection with any foreclosure or other exercise of remedies hereunder or under such Transaction Documents and title to such property shall instead be acquired in an entity designated and (unless owned by a third party) controlled by the Control Party; and/or (iv) sell all or a portion of the Collateral at one or more public or private sales called and conducted in any manner permitted by law; provided, however, that the Trustee shall not proceed with any such sale without the prior written consent of the Control Party (at the direction of the Controlling Class Representative) and the Trustee shall provide notice to the Guarantors and each Holder of Notes of a proposed sale of Collateral.