Common use of No Action Clause in Contracts

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) cause the Transaction to be rescinded following consummation.

Appears in 73 contracts

Sources: Share Exchange Agreement (United Express Inc.), Merger Agreement (Fresh Promise Foods, Inc.), Share Exchange Agreement (Solei Systems, Inc.)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; , or (ii) cause the Transaction to be rescinded following consummation.

Appears in 13 contracts

Sources: Purchase and Sale Agreement (Phi Group Inc), Purchase and Sale Agreement (Phi Group Inc), Purchase and Sale Agreement (Phi Group Inc)

No Action. (1) No suit, action, or proceeding will be pending or threatened which would: (i2) prevent the consummation of any of the transactions contemplated by this Agreement; or (ii3) cause the Transaction to be rescinded following consummation.

Appears in 7 contracts

Sources: Share Exchange Agreement (Smart Ventures Inc.), Share Exchange Agreement (Smart Ventures Inc.), Share Exchange Agreement (Real Value Estates Inc)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; , or, (ii) cause the Transaction to be rescinded following consummation.

Appears in 6 contracts

Sources: Merger Agreement (Endeavor Power Corp), Merger Agreement (Genesis Capital Corp of Nevada), Merger Agreement (Genesis Capital Corp of Nevada)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions Transaction contemplated by this Agreement; or (ii) cause the Transaction to be rescinded following consummation.

Appears in 6 contracts

Sources: Share Exchange Agreement, Share Exchange Agreement, Share Exchange Agreement

No Action. No suit, action, or proceeding will shall be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) cause the Transaction to be rescinded following consummation.

Appears in 2 contracts

Sources: Share Exchange Agreement (China Wind Energy Inc.), Share Exchange Agreement (China Wind Energy Inc.)

No Action. No suit, action, or proceeding will be pending or threatened which would: would (i) prevent the consummation of any of the transactions contemplated by this Agreement; or , or (ii) cause the Transaction to be rescinded following consummation.

Appears in 2 contracts

Sources: Share Purchase Agreement (Pan American Gold Corp), Share Exchange Agreement (Global Innovative Systems Inc)

No Action. No suit, action, or proceeding will shall be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) cause the Transaction Share Exchange to be rescinded following consummation.

Appears in 2 contracts

Sources: Share Exchange Agreement, Share Exchange Agreement

No Action. No suit, action, or proceeding will be pending or threatened which would: ; (i) prevent the consummation of any of the transactions contemplated by this Agreement; or or (ii) cause the Transaction to be rescinded following consummation.

Appears in 2 contracts

Sources: Share Exchange Agreement (Vitasti, Inc. /De/), Share Exchange Agreement (Vitasti, Inc. /De/)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) i. prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) . cause the Transaction Exchange to be rescinded following consummation.

Appears in 1 contract

Sources: Exchange Agreement (Agr Tools, Inc.)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) cause the Transaction Merger to be rescinded following consummation.

Appears in 1 contract

Sources: Merger Agreement (Tierra Grande Resources Inc.)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) cause the Exchange Transaction to be rescinded following consummation.

Appears in 1 contract

Sources: Share Exchange Agreement

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; Transaction, or, (ii) cause the Transaction to be rescinded following consummation.

Appears in 1 contract

Sources: Merger Agreement (Peartrack Security Systems, Inc.)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) i. prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) . cause the Transaction to be rescinded following consummation.

Appears in 1 contract

Sources: Share Exchange Agreement (Dna Precious Metals Inc.)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) cause the Transaction Transactions or any of the transactions contemplated in this Agreement to be rescinded following consummation.

Appears in 1 contract

Sources: License Agreement (Aqua Power Systems Inc.)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) cause the Transaction or any of the transactions contemplated in this Agreement to be rescinded following consummation.

Appears in 1 contract

Sources: Share Purchase Agreement (Aqua Power Systems Inc.)

No Action. No suit, action, or proceeding will be pending or threatened which would: (ia) prevent Prevent the consummation of any of the transactions contemplated by this Agreement; , or, (iib) cause the Transaction to be rescinded following consummation.

Appears in 1 contract

Sources: Share Exchange Agreement (Ecologic Transportation, Inc.)

No Action. No suit, action, or proceeding will be pending or threatened which would: (ia) prevent the consummation of any of the transactions contemplated by this Agreement; or (iib) cause the Transaction to be rescinded following consummation.

Appears in 1 contract

Sources: Share Exchange Agreement (UpperSolution.com)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; Transaction, or (ii) cause the Transaction to be rescinded following consummation.

Appears in 1 contract

Sources: Merger Agreement (Ocean Thermal Energy Corp)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) cause the Transaction Transactions to be rescinded following consummation.

Appears in 1 contract

Sources: Merger Agreement (Intellisense Solutions Inc.)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) prevent the consummation of any of the transactions contemplated by this Agreement; Transaction, or (ii) cause the Transaction to be rescinded following consummation.

Appears in 1 contract

Sources: Merger Agreement (Ocean Thermal Energy Corp)

No Action. No suit, action, or proceeding will be pending or threatened which would: (i) would prevent the consummation of any of the transactions contemplated by this Agreement; or (ii) cause the Transaction to be rescinded following consummation.

Appears in 1 contract

Sources: Share Exchange Agreement (Royaltech Corp.)