No Action/Proceeding Sample Clauses
The "No Action/Proceeding" clause prohibits one or both parties from initiating legal actions, lawsuits, or formal proceedings against the other party under certain circumstances. Typically, this clause applies to disputes arising from the agreement and may require parties to pursue alternative dispute resolution methods, such as negotiation or mediation, before resorting to litigation. Its core practical function is to minimize unnecessary legal conflicts and encourage resolution of disputes through less adversarial means, thereby saving time and resources for both parties.
No Action/Proceeding. No action or proceeding before a court or any other governmental agency or body shall have been instituted or threatened to restrain or prohibit the transaction herein contemplated, and no governmental agency or body or other entity shall have taken any other action or made any request of Company, Shareholder, Parent or Capstone Sub as a result of which Parent reasonably and in good fait▇ ▇▇▇▇▇ ▇▇▇t to proceed with the transactions hereunder may constitute a violation of law.
No Action/Proceeding. No action or proceeding before a court or any other governmental agency or body shall have been instituted or threatened to restrain or prohibit the transaction herein contemplated, and no governmental agency or body or other entity shall have taken any other action or made any request of Company, Shareholders or Buyer as a result of which Company or Shareholders reasonably and in good fait▇ ▇▇▇▇ ▇▇▇t to proceed with the transactions hereunder may constitute a violation of law. The waiting periods specified under the Antitrust Improvements Act with respect to the transactions contemplated by this Agreement will have lapsed or been terminated.
No Action/Proceeding. No action or proceeding before a court or any other governmental agency or body shall have been instituted to restrain or prohibit the transaction herein contemplated, and no governmental agency or body or other entity shall have taken any other action as a result of which to proceed with the transactions hereunder will constitute a violation of law.
No Action/Proceeding. No action or proceeding before a court or any other governmental agency or body shall have been instituted to restrain or prohibit the transaction herein contemplated, and no governmental agency or body or other entity shall have taken any other action as a result of which to proceed with the transactions hereunder constitute a violation of law. The waiting periods specified under the Antitrust Improvements Act with respect to the transactions contemplated by this Agreement shall have lapsed or been terminated.
No Action/Proceeding. No action or proceeding before a court or any other governmental agency or body shall have been instituted or threatened to restrain or prohibit the transaction herein contemplated, and no governmental agency or body shall have taken any other action or made any request of Huffy or Sellers or Purchaser as a result of which Purchaser reasonably and in good fait▇ ▇▇▇▇▇ ▇▇▇t to proceed with the transactions hereunder may constitute a violation of law.
No Action/Proceeding. No action or proceeding before a court or any other governmental agency or body will have been instituted or threatened to restrain or prohibit the transactions hereunder contemplated, and no governmental agency or body or other entity will have taken any other action or made any request of Ventures, any of the Shareholders or Merger Subsidiary as a result of which Ventures or the Shareholders reasonably and in good fait▇ ▇▇▇▇ ▇▇▇t to proceed with the transactions hereunder may constitute a violation of law.
No Action/Proceeding. 29 Compliance with Article VIII..............................................................29
No Action/Proceeding. No action or proceeding before a court or any other governmental agency or body will have been instituted or threatened to restrain or prohibit the transactions hereunder contemplated, and no governmental agency or body or other entity will have taken any other action or made any request of CHAD, ▇▇G, any of the Members or any the CCSI Companies as a result of which CHAD, ▇▇G or any of the Members reasonably and in good fait▇ ▇▇▇▇ ▇▇▇t to proceed with the transactions hereunder may constitute a violation of law, rule, or regulation, or any judicial, administrative or regulatory order.
No Action/Proceeding. No action or proceeding shall have been brought or threatened in writing before any court or administrative agency to enjoin the consummation of the Contemplated Transactions, and no governmental authority shall have asserted that these transactions constitute a violation of law or give rise to liability on the part of Buyer or Seller.
No Action/Proceeding. No action or proceeding before a court or any other governmental agency or body shall have been instituted or threatened to restrain or prohibit the transaction herein contemplated, and no governmental agency or body or other entity shall have taken any other action or made any request of Geri-▇▇▇e, Scripts, Shareholders or Parent as a result of which Parent reasonably and in good fait▇ ▇▇▇▇▇ ▇▇▇t to proceed with the transactions hereunder may constitute a violation of law.