Common use of No Litigation or Proceedings Clause in Contracts

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 legal action or other proceedings shall be pending or threatened which may materially and adversely affect the ability of the parties to consummate of the transactions contemplated by this Agreement, or which may reasonably be expected to result in a Material Adverse Effect.