Common use of No Restraining Proceedings Clause in Contracts

No Restraining Proceedings. No order, decision or ruling of any court, tribunal or regulatory 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 Optionee, is likely to result in an order, decision or ruling: (i) to disallow, enjoin, prohibit or impose any limitations or conditions on the purchase and sale of the Optioned Assets contemplated hereby or the right of the Optionee to own the Optioned Assets, or (ii) to impose any limitations or conditions which may have a Material Adverse Effect on the Mhakari Claims Excluding Vanderbilt.

No Restraining Proceedings. No order, decision or ruling of any court, tribunal or regulatory 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 OptioneePurchaser, is likely to result in an order, decision or ruling: (i) to disallow, enjoin, prohibit or impose any limitations or conditions on the purchase and sale of the Optioned Purchased Assets contemplated hereby or the right of the Optionee Purchaser to own the Optioned Purchased Assets, or (ii) to impose any limitations or conditions which may have a Material Adverse Effect on the Mhakari Claims Excluding VanderbiltVanderbilt Properties.