Common use of Proceedings and Claims Clause in Contracts

Proceedings and Claims. There are no Proceedings pending or, to Buyer’s Knowledge, threatened against Buyer and Buyer is not subject to any Proceeding that would, individually or in the aggregate, reasonably be expected to prevent or materially delay Buyer’s ability to execute, deliver or perform this Agreement or any Ancillary Agreement, or to timely consummate the transactions contemplated hereby or thereby.