Common use of No Action or Proceedings Clause in Contracts

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.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Infocrossing Inc), Stock Purchase Agreement (Infocrossing Inc)

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.

Appears in 1 contract

Sources: Stock Purchase Agreement (American Software Inc)