Common use of No Litigation or Regulatory Action Clause in Contracts

No Litigation or Regulatory Action. There is no action pending or, to the Knowledge of the Principal Shareholder, threatened, against the Principal Shareholder before any Governmental Entity that seeks to prevent, hinder, delay, enjoin or otherwise challenge the consummation of any of the transactions contemplated hereby. There is no action pending or, to the Knowledge of the Principal Shareholder, threatened, that questions the legality or propriety of the transactions contemplated by this Agreement. There are no outstanding court orders or arbitration awards against the Principal Shareholder, the Shares, or any other of his assets or properties that would prohibit or enjoin the consummation of the transactions contemplated by this Agreement. “

No Litigation or Regulatory Action. There is no action Action pending or, to the Knowledge of the Principal Shareholder, threatened, against the Principal Shareholder or its Affiliates before any Governmental Entity Authority that seeks to prevent, hinder, delay, enjoin or otherwise challenge the consummation of any of the transactions contemplated hereby. There is no action Action pending or, to the Knowledge of the Principal Shareholder, threatened, that questions the legality or propriety of the transactions contemplated by this Agreement. There are no outstanding court orders Court Orders or arbitration awards against the Principal Shareholder, the Shares, or any other of his assets or properties that which would prohibit or enjoin the consummation of the transactions contemplated by this Agreement. “.

No Litigation or Regulatory Action. There is no action Action pending or, to the Knowledge of the Principal ShareholderShareholders, threatened, against the Principal Shareholder Shareholders or his or her Affiliates before any Governmental Entity Authority that seeks to prevent, hinder, delay, enjoin or otherwise challenge the consummation of any of the transactions contemplated hereby. There is no action Action pending or, to the Knowledge of the Principal ShareholderShareholders, threatened, that questions the legality or propriety of the transactions contemplated by this Agreement. There are no outstanding court orders Court Orders or arbitration awards against any of the Principal ShareholderShareholders, the Shares, or any other of his or her assets or properties that which would prohibit or enjoin the consummation of the transactions contemplated by this Agreement. “.