Common use of No Action or Proceedings Clause in Contracts

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.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Flotek Industries Inc/Cn/), Asset Purchase Agreement (Flotek Industries Inc/Cn/)

No Action or Proceedings. No action or proceeding shall have been instituted or, to the knowledge of SellerPurchaser, threatened for the purpose of or with the probable effect of enjoining or preventing the consummation of the transactions contemplated by this Purchase Agreement.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Flotek Industries Inc/Cn/), Asset Purchase Agreement (Flotek Industries Inc/Cn/)