No Litigation or Other Proceeding Sample Clauses
The "No Litigation or Other Proceeding" clause prohibits the parties from initiating lawsuits or other formal legal actions related to the agreement or its subject matter. In practice, this means that if a dispute arises, the parties must seek alternative methods of resolution, such as negotiation or arbitration, before resorting to the courts. This clause is designed to prevent costly and time-consuming litigation, encouraging the parties to resolve disagreements more efficiently and amicably.
No Litigation or Other Proceeding. No litigation or other proceeding (whether administrative or otherwise) is outstanding or has been threatened which would prevent, hinder or delay the ability of Developer to perform its obligations under this Agreement.
No Litigation or Other Proceeding. No litigation or other proceeding (whether administrative or otherwise) is outstanding or has been threatened which would prevent, hinder or delay the ability of Seller to perform its obligations under this Agreement or any Documents.
No Litigation or Other Proceeding. No litigation or other proceeding (whether administrative or otherwise) is outstanding or has been threatened which would prevent, hinder or delay the ability of City to perform their obligations under this Agreement.
No Litigation or Other Proceeding. To City’s current actual knowledge, no litigation or other proceeding (whether administrative or otherwise) is outstanding or has been threatened which would prevent, hinder or delay the ability of City to perform its obligations under this Agreement, or that would adversely affect the City Property, or Developer’s use and development of the Property.
No Litigation or Other Proceeding. With the exception of the suit in California Redevelopment Association ▇. ▇▇▇▇▇▇, Sacramento County Superior Court No. 34- 80000359-CU-WM-GDS, to Agency’s knowledge, no litigation or other proceeding (whether administrative or otherwise) is outstanding or has been threatened which would prevent, hinder or delay the ability of Agency to perform its obligations under this Agreement.
No Litigation or Other Proceeding. As of the Effective Date, (x) no action, suit, litigation, proceeding investigation, inquiry or dispute by or before any court, Governmental Authority or any arbitrator shall be pending against or affecting (i) the Parent, the Company or any of their Subsidiaries or threatened against or affecting the Parent, the Company or any of their Subsidiaries which could reasonably be expected to have a Material Adverse Effect or (ii) the Finance Documents or any of the transactions contemplated thereby and (y) there shall not have been any Requirement of Law or injunction applicable to the Finance Documents or any of the transactions contemplated thereby which have been enacted, promulgated, entered or enforced by any Governmental Authority, nor shall there be pending any action or proceeding before any such Governmental Authority which is reasonably likely to transaction contemplated hereby, in each case, prohibit, restrict, delay or otherwise materially affect the transactions contemplated hereby.