Common use of No Restraining Proceedings Clause in Contracts

No Restraining Proceedings. No Order of any Governmental Authority having jurisdiction shall have been made, and no action or proceeding shall be pending or threatened which, in the opinion of the Vendors’ Counsel, could reasonably result in an Order to disallow, enjoin, prohibit or impose any limitations or conditions on the purchase and sale of the Purchased Shares contemplated hereby or otherwise prevent or restrict a Party from performing any of its obligations in this Agreement or in any documents or certificates delivered in order to carry out the transactions contemplated hereby.

No Restraining Proceedings. No Order of any Governmental Authority having jurisdiction shall have been made, and no action or proceeding shall be pending or threatened which, in the opinion of counsel to the Vendors’ CounselPurchaser, could reasonably result in an Order Order: (i) to disallow, enjoin, prohibit or impose any limitations or conditions on the purchase and sale of the Purchased Shares contemplated hereby or the right of the Purchaser to own the Purchased Shares or otherwise prevent or restrict a Party from performing any of its obligations in this Agreement or in any documents or certificates delivered in order to carry out the transactions contemplated hereby; or (ii) to impose any limitations or conditions which may have a material adverse effect on the Business or the Condition of the Corporate Group.