No Litigation or Proceedings Clause Samples
The "No Litigation or Proceedings" clause serves to confirm that, at the time of entering into the agreement, neither party is involved in any ongoing or pending legal actions or governmental investigations that could affect their ability to fulfill the contract. Typically, this clause requires each party to disclose any lawsuits, arbitration, or regulatory proceedings that might impact their financial standing or performance obligations. Its core function is to provide assurance to both parties that there are no hidden legal risks that could jeopardize the agreement, thereby promoting transparency and reducing the likelihood of future disputes arising from undisclosed legal issues.
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No Litigation or Proceedings. There shall be no litigation or any proceeding by or before any governmental agency or instrumentality pending or threatened against any party hereto that seeks to restrain or enjoin or otherwise questions the legality or validity of the transactions contemplated by this Agreement or which seeks substantial damages in respect thereof.
No Litigation or Proceedings. As of the date hereof, there are no actions, suits, investigations or proceedings pending or to BP's knowledge threatened against or affecting BP at law or in equity or before or by any federal, state, municipal or other governmental or non-governmental department, commission, board, bureau, agency or instrumentality seeking to enjoin, restrain or otherwise prevent the execution and delivery of this Agreement by BP.
No Litigation or Proceedings. No injunction or restraining order of any federal or state court shall be in effect which prevents the purchase of the Assets or issuance and delivery of the Exchange Shares, and no lawsuit or other proceeding shall have been filed by any person by the Closing Date contesting or attempting to enjoin either action, and no action taken and no law shall have been passed after the date of this Agreement which prevents the Exchange.
No Litigation or Proceedings. As of the date hereof, there are no actions, suits, investigations or proceedings pending or, to Buyer's knowledge, threatened against Buyer at law or in equity or before or by any federal, state, municipal or other governmental or non-governmental department, commission, board, bureau, agency or instrumentality seeking to enjoin, restrain or otherwise prevent the execution and delivery of this Agreement by Buyer.
No Litigation or Proceedings. Except as set forth in Schedule 3.17.1, there is no pending civil or criminal litigation, notice of violation or administrative proceeding relating in any way to the Environmental Laws (it being understood that any such litigation, notice or proceeding identified on Schedule 3.17.1 is an Excluded Liability as provided in Subsection 1.4.8 herein), including but not limited to notices, demand letters, claims, litigations or proceedings based upon or relating to any federal, state or local Environmental Law.
No Litigation or Proceedings. No legal action or other proceedings shall be pending or threatened which may materially and adversely affect the ability of the parties to consummate the transactions contemplated by this Agreement.
No Litigation or Proceedings. No action, suit or proceeding in any court or before any arbitrator or Governmental Authority shall have been commenced, no investigation by any Governmental Authority shall have been commenced and no action, suit, proceeding or investigation by any Governmental Authority shall have been threatened against any Loan Party that purports to enjoin, restrain, prohibit or otherwise adversely affect any transaction contemplated hereby, or that will have a Material Adverse Effect on any Loan Party; and
No Litigation or Proceedings. No litigation, proceedings, lawsuit or investigations shall have been commenced with respect to any or all of the Acquired Assets, the Premises and/or the Business, which may be reasonably expected to result in a material adverse change thereto if decided adversely, nor shall any party seek to enjoin, prevent or alter any material performance under this Agreement or to prevent Closing.
No Litigation or Proceedings. There are no actions, suits or proceedings pending or, to Owner’s knowledge, threatened against or affecting Owner which may adversely affect the validity or enforceability of this Agreement or Owner’s ability to consummate the transactions contemplated herein.
No Litigation or Proceedings. Seller has no knowledge of any pending or threatened litigation, condemnation, or assessment affecting the Property.