Common use of No Governmental or Other Proceeding Clause in Contracts

No Governmental or Other Proceeding. There shall not exist any statute, rule, regulation, executive or other order, judgment, injunction, stay or decree that restrains or prohibits the Company from consummating the transactions contemplated hereby, and there shall be no litigation or administrative or regulatory proceeding pending or threatened which, in the reasonable judgment of the Company, is likely to restrain, prohibit or result in the imposition of materially adverse conditions on the ability of the Company to consummate any of such transactions.