Common use of Absence of Certain Litigation Clause in Contracts

Absence of Certain Litigation. No action or proceeding shall be threatened or pending before any governmental entity or authority which, in the reasonable opinion of counsel for the Parties, is likely to result in a restraint, prohibition or the obtaining of damages or other relief in connection with this Agreement or the consummation of the transactions contemplated hereby.

Appears in 19 contracts

Samples: Share Purchase and Merger Agreement, Share Exchange Agreement (INVENT Ventures, Inc.), Share Exchange Agreement (Aqualiv Technologies, Inc.)

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Absence of Certain Litigation. No action or proceeding shall be threatened or pending before any governmental entity or authority which, in the reasonable opinion of counsel for the Parties, is likely to result in a restraint, prohibition or the obtaining of damages or other relief in connection with this Agreement or the consummation of the transactions contemplated herebyExchange.

Appears in 4 contracts

Samples: Agreement and Plan of Exchange (Activeworlds Com Inc), Share Exchange Agreement (Utix Group Inc), Share Exchange Agreement (Utix Group Inc)

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Absence of Certain Litigation. No action or proceeding shall be threatened or pending before any governmental entity or authority which, in the reasonable opinion of counsel for the PartiesCAD, Shareholder or Parent, is likely to result in a restraint, prohibition or the obtaining of damages or other relief in connection with this Agreement or the consummation of the transactions contemplated herebyMerger.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Internet Cable Corp)

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