Common use of No Adverse Action or Decision Clause in Contracts

No Adverse Action or Decision. To the current actual knowledge of any of the Sellers, there is no action, suit, investigation or proceeding pending or threatened against or affecting any of the Sellers or the Company or any of their respective properties or rights, or any of their respective affiliates, officers or directors, before any court, arbitrator, administrative or governmental body which (a) seeks to restrain, enjoin or prevent the consummation of the transactions contemplated by this Agreement or (b) questions the validity or legality of any such transaction or seeks to recover damages or to obtain other relief in connection with any such transaction; provided, however, that with respect to the representation in this Section 5.5 as to a Seller's current actual knowledge of any action, suit, investigation or proceeding pending or threatened against or affecting the Company, such representation is made severally as to such Seller.