No Injunctions; Restraints or Litigation Sample Clauses
The "No Injunctions; Restraints or Litigation" clause prohibits either party from seeking court orders that would halt or restrict the other party’s activities, such as injunctions or restraining orders, in the event of a dispute. Instead, it typically requires that disputes be resolved through alternative means, like arbitration or negotiation, rather than through litigation that could disrupt ongoing business operations. This clause’s core function is to prevent business interruptions and ensure that disagreements do not escalate into legal actions that could impede the parties’ ability to perform under the agreement.
No Injunctions; Restraints or Litigation. No applicable law or injunction enacted, entered, promulgated, enforced or issued by any Governmental Body or other legal restraint or prohibition preventing the consummation of the transactions contemplated hereby shall be in effect, and no action, suit, investigation, arbitration or other proceeding shall have been commenced which challenges, or seeks damages or other relief in connection with, this Agreement or any of the transactions contemplated hereby and which has not been finally concluded or dismissed with prejudice without the imposition of any finding or remedy that is reasonably expected to have a material financial impact on CWS or the Company that is not reasonably acceptable to CWS or the Company, as the case may be.
No Injunctions; Restraints or Litigation. No applicable law or injunction enacted, entered, promulgated, enforced or issued by any Governmental Body or other legal restraint or prohibition preventing the consummation of the transactions contemplated hereby shall be in effect, provided, however, that the Company shall have used commercially reasonable efforts to oppose the entry of any such injunction or other order, and no action, suit, investigation, arbitration or other proceeding shall have been commenced which challenges, or seeks damages or other relief in connection with, this Agreement or any of the transactions contemplated hereby and which has not been finally concluded or dismissed with prejudice without the imposition of any finding or remedy that is reasonably expected to have a material financial impact on CWS or the Company that is not reasonably acceptable to CWS or the Company, as the case may be.
No Injunctions; Restraints or Litigation. (a) There will: not be in effect any order, judgment or decree issued by any court of competent jurisdiction or other Governmental or Regulatory Authority or other legal restraint or prohibition preventing the consummation of the transactions contemplated by this Agreement; and (b) there will not exist or have been instituted or be pending any action, suit or proceeding which, in the good faith judgment of NW Corp (after consultation with outside counsel) (i) would reasonably be expected to make illegal, or to delay or otherwise restrain or prohibit, the consummation of the transactions contemplated by this Agreement, or which would reasonably be expected to result in material damages in connection with transactions contemplated by this Agreement, or (ii) would reasonably be expected to result in the prohibition of the ownership or operation by the Transferees of all or a material portion of the Transferred Assets or Transferred Interests.