Common use of No Action or Proceeding Clause in Contracts

No Action or Proceeding. No action, suit or proceeding shall have been ----------------------- instituted before any court or governmental body seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 2 contracts

Samples: Depository Agreement (Vertel Corp), Stock Pledge Agreement (Internet Ventures Inc)

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No Action or Proceeding. No action, suit or proceeding shall have ----------------------- been ----------------------- instituted before any court or governmental body seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Internet Ventures Inc)

No Action or Proceeding. No action, suit or proceeding shall have been ----------------------- instituted before any court or governmental body seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Samples: Basic Provisions Agreement and Plan of Merger (Internet Ventures Inc)

No Action or Proceeding. No action, suit or proceeding Action shall have been ----------------------- instituted or threatened before any court or governmental body Governmental Authority seeking to challenge or restrain the transactions contemplated herein herein, which presents a substantial risk that such transactions will be restrained or that either party hereto the Parties may suffer material damages or other relief hxxxx as a result of consummating such transactions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fortium Holdings Corp.)

No Action or Proceeding. No action, suit or proceeding shall have ----------------------- been ----------------------- instituted or threatened before any court or governmental body Authority seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Samples: Capital Contribution Agreement (Imperial Financial Group Inc)

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No Action or Proceeding. No action, suit or proceeding Proceeding shall have been ----------------------- instituted or threatened before any court or governmental body Authority seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either any party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Healthcare Technologies LTD)

No Action or Proceeding. No action, suit suit, or proceeding shall have been ----------------------- instituted or threatened before any court or governmental body seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Small World Kids Inc)

No Action or Proceeding. No action, suit suit, investigation or proceeding shall have been ----------------------- instituted before any court or governmental body Governmental Body seeking to challenge or restrain the transactions contemplated herein which presents a substantial risk that such transactions will be restrained or that either party hereto Party may suffer material damages or other relief as a result of consummating such transactions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Wireless Facilities Inc)

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