Common use of No Proceeding or Litigation Clause in Contracts

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, or threatened, against Sellers, Purchaser or any of their respective principals, officers or directors, seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Jordan Industries Inc)

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No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, commenced or threatened, threatened against any of the Sellers, Purchaser the Company, Buyer or any of their respective principals, officers officers, directors or directors, managers seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Stock (United Stationers Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, or threatened, against SellersCorporation, Purchaser Shareholders, AFI or any of their respective principals, officers or directors, seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement of Reorganization (Advanced Financial Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, or threatened, against the Company, Holdings, Acquisition, any of the Sellers, Purchaser or any of their respective principals, officers or directors, seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Gfsi Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, or threatened, against SellersPurchaser, Purchaser the Seller or Tick, or any of their respective principals, officers or directors, seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apparel Technologies Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, commenced or threatened, threatened against the Sellers, Purchaser or any of their respective principals, officers or directors, directors seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Jordan Industries Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commencedcommenced or threatened against Corporation, Shareholders or threatened, against Sellers, Purchaser AFI or any of their respective principals, officers or directors, directors seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement of Reorganization (Advanced Financial Inc)

No Proceeding or Litigation. No material action, suit --------------------------- or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, commenced or threatened, threatened against any of the Sellers, Purchaser the Company, Holdings, Acquisition or any of their respective principals, officers or directors, directors seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Credit Agreement (Gfsi Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, or threatened, against Sellersthe Company, Purchaser Purchaser, Shareholders, or any of their respective principals, officers or directors, seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Poore Brothers Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commencedcommenced or threatened against any Shareholder, or threatened, against Sellersthe Company, Purchaser or any of their respective principals, officers or directors, directors seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Poore Brothers Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, commenced or threatened, threatened against any of Sellers, Purchaser FIR Group Companies, Holdings or any of their respective principals, officers or directors, directors seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Share Purchase Agreement (Motors & Gears Inc)

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No Proceeding or Litigation. No material action, suit or --------------------------- proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, commenced or threatened, threatened against Sellers, Purchaser Seller or Buyer or any of their respective principals, officers or directors, directors seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Drugmax Com Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, commenced or threatened, threatened against Sellers, Purchaser Seller or any of their respective principals, officers or directors, Buyer seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Stock Purchase Agreement (First American Capital Corp /Ks)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commencedcommenced or threatened against Tick, the Seller or threatened, against Sellers, the Purchaser or any of their respective principals, officers or directors, directors seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apparel Technologies Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, or threatened, against the Company, Buyer, any of the Sellers, Purchaser or any of their respective principals, officers officers, directors or directorsmanagers, seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Stock (United Stationers Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation investi- gation by any governmental or regulatory authority shall have been commencedcommenced or threatened against Seller, any of the Stockholders or threatened, against Sellers, Purchaser Holdings or any of their respective principals, officers or directors, directors seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Jordan Telecommunication Products Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, or threatened, and no investigation by any governmental or regulatory authority shall have been commenced, or threatened, against SellersSeller, Purchaser any of the Stockholders, Holdings, or any of their respective principals, officers or directors, seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Jordan Telecommunication Products Inc)

No Proceeding or Litigation. No material action, suit or proceeding before any court or any governmental or regulatory authority shall have been commenced, commenced or threatened, and no investigation by any governmental or regulatory authority shall have been commencedcommenced or threatened against Seller, Stockholder, Principals, Buyer or threatened, against Sellers, Purchaser Company or any of their respective principals, officers or directors, managers seeking to restrain, prevent or change the transactions contemplated hereby or questioning the validity or legality of any of such transactions or seeking damages in a material amount in connection with any of such transactions.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Assets (Coffee Holding Co Inc)

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