No Action Pending Clause Samples

The "No Action Pending" clause prevents either party from taking certain actions or enforcing rights until specific conditions or events have occurred. In practice, this means that obligations such as payment, performance, or legal proceedings are suspended until the triggering event—such as the resolution of a dispute or the fulfillment of a contractual milestone—takes place. This clause is primarily used to ensure that parties do not act prematurely, thereby reducing the risk of unnecessary costs or complications while awaiting a key development.
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No Action Pending. No action shall have been filed and ----------------- remain pending in any court which, in connection with this Agreement or any of the transactions contemplated hereby, seeks a judgment which if awarded would materially adversely affect the economic or business benefits to the City of the transactions contemplated by this Agreement. 5.3
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No Action Pending. There is no action pending against, or to the knowledge of the Subscriber, threatened against or affecting, the Subscriber by any governmental authority or other person with respect to the Subscriber that challenges, or may have the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the transactions contemplated by this Agreement.
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No Action Pending. CRANE represents that she has not filed any lawsuit, claim, charge, or complaint against MELA or any of the MELA Representatives with any local, state, or federal agency or court. In the event that any agency or court assumes jurisdiction of any lawsuit, claim, charge or complaint, or purports to bring any legal proceedings on CRANE’s behalf against MELA or any of the MELA Representatives, then CRANE shall promptly request that the agency or court withdraw from and dismiss the lawsuit, claim, charge, or complaint with prejudice.
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No Action Pending. Subrecipient represents and warrants that there is no action, suit, investigation or proceeding pending or, to the knowledge of Subrecipient, threatened, by or before any court or governmental or administrative body or agency which may reasonably be expected to result in a material adverse change in the activities, operations, assets or properties, in the tax-exempt or non-private foundation status, or in the condition, financial or otherwise, of Subrecipient, or to impair the ability of Subrecipient to perform their respective obligations under this Agreement. Subrecipient shall promptly advise RCAC in reasonable detail should any action, suit, investigation or proceeding be instituted or commenced against Subrecipient that could have a material adverse effect upon the activities, operations, assets or properties, or the tax-exempt or non-private foundation status, or in the condition, financial or otherwise, of Subrecipient.
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No Action Pending. No action shall have been filed and remain pending ----------------- in any 57 court which, in connection with this Agreement or any of the transactions contemplated hereby, seeks a judgment which if awarded would materially adversely affect the economic or business benefits to the Water Authority of the transactions contemplated by this Agreement.
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No Action Pending. No action, suit or proceeding by or before any court or governmental agency, authority (including proceedings of any insurance regulatory 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) would 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) would reasonably be expected to have a Material Adverse Effect, except, in each case, as set forth in or contemplated in the Offering Memorandum (exclusive of any amendment or supplement thereto dated after the date of this Agreement).
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Related to No Action Pending

  • No Litigation Pending There is no action, suit, proceeding or investigation pending or threatened against the Servicer which, either in any one instance or in the aggregate, may result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer, or in any material impairment of the right or ability of the Servicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer, or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations of the Servicer contemplated herein, or which would be likely to impair materially the ability of the Servicer to perform under the terms of this Agreement;

  • No Actions No action, proceeding, investigation, regulation or legislation shall have been instituted, threatened or proposed before any court, governmental agency or authority or legislative body to enjoin, restrain, prohibit, or obtain substantial damages in respect of, this Agreement or the consummation of the transactions contemplated by this Agreement.

  • No Litigation, Etc No suit, action or other proceeding, investigation, or injunction or final judgment relating thereto, shall be pending or threatened before any court or governmental agency in which it is sought to restrain or prohibit or to obtain damages or other relief in connection with any of the Transaction Documents or the consummation of the Transaction.

  • No Litigation Threatened No action or proceedings shall have been instituted or threatened before a court or other government body or by any public authority to restrain or prohibit any of the transactions contemplated hereby.

  • No proceedings pending or threatened No litigation, arbitration or administrative proceedings of or before any court, arbitral body or agency which, if adversely determined, might reasonably be expected to have a Material Adverse Effect have (to the best of its knowledge and belief) been started or threatened against it or any of its Subsidiaries.