Common use of No Proceeding or Litigation Clause in Contracts

No Proceeding or Litigation. No Claim instituted by any person shall have been commenced or pending against the Company, Sellers or Purchaser or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Computer Marketplace Inc), Membership Interest Purchase Agreement (Computer Marketplace Inc)

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No Proceeding or Litigation. No Claim instituted by any person Person shall have been commenced or pending against the CompanySeller, Sellers or the Purchaser or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Transaction and the Other Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions, except as would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Asta Funding Inc), Stock Purchase Agreement (Asta Funding Inc)

No Proceeding or Litigation. No Claim instituted by any person ----------------------------- (other than Purchaser, Seller, or their respective Affiliates), shall have been commenced or pending against the CompanySeller, Sellers or Purchaser or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Premier Parks Inc)

No Proceeding or Litigation. No Claim instituted by any person Person shall have been commenced or pending against Sellers, the Company, Sellers the Subsidiary, Parent or Purchaser or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Acquisition and the Other Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions, except as would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Lund International Holdings Inc)

No Proceeding or Litigation. No Claim instituted by any person Person shall have been commenced or pending against the Company, Sellers Seller or the Purchaser or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions Acquisition or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions, except as would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (American Vantage Companies)

No Proceeding or Litigation. No Claim instituted by any person (other than by Buyer, Seller, any partner of Seller or their respective Affiliates), shall have been commenced or be pending against the CompanySeller, Sellers or Purchaser Buyer or any of their respective Affiliates, officers or directors directors, which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactionsthe Contemplated Transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Premier Parks Inc)

No Proceeding or Litigation. No Claim instituted by any person --------------------------- (other than Buyer, Sellers or their respective Affiliates) shall have been commenced or pending against the Companyany Seller, Sellers or Purchaser Buyer or any of their respective Affiliates, officers or directors directors, which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 1 contract

Samples: Equity Purchase Agreement (Primus Telecommunications Group Inc)

No Proceeding or Litigation. No Claim instituted by any person (other than Buyer, Seller, the Shareholders or their respective Affiliates), shall have been commenced or pending against the CompanySeller, Sellers or Purchaser Buyer or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Premier Parks Inc)

No Proceeding or Litigation. No Claim instituted by any person --------------------------- (other than Buyer, Seller or their respective Affiliates) shall have been commenced or pending against the CompanySeller, Sellers or Purchaser Buyer or any of their respective Affiliates, officers or directors directors, which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Primus Telecommunications Group Inc)

No Proceeding or Litigation. No Claim instituted by any person (other than Buyer, Seller, the General Partners, the Principals or their respective Affiliates), shall have been commenced or pending against the CompanySeller, Sellers or Purchaser Buyer or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Premier Parks Inc)

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No Proceeding or Litigation. No Claim instituted by any person Person --------------------------- shall have been commenced or pending against the Company, Sellers Parent or Purchaser Acquisition Sub or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 1 contract

Samples: Merger Agreement (Paladyne Corp)

No Proceeding or Litigation. No Claim claim instituted by any person shall have been commenced or pending against the Company, Sellers or Purchaser the Sellers, the Buyer or any of their respective Affiliates, officers or directors directors, which Claim claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Travlang Inc)

No Proceeding or Litigation. No Claim instituted by any person (other than Buyer, Company, Sellers or their respective Affiliates) shall have been commenced or be pending against the Buyer, Company, Sellers or Purchaser or any of their respective Affiliates, officers or directors directors, which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Six Flags Inc)

No Proceeding or Litigation. No Claim instituted by any person shall have been commenced or pending against a Seller, the Company, Sellers or Purchaser Buyer or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Family Bargain Corp)

No Proceeding or Litigation. No Claim instituted by any person Person shall have been commenced or pending against the CompanySeller, Sellers any of the Subsidiaries, or the Purchaser or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Acquisition and the Other Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions, except as would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pick Communications Corp)

No Proceeding or Litigation. No Claim instituted by any --------------------------- person shall have been commenced or pending against the CompanyStockholders, Sellers or Delta, Purchaser or any of their respective Affiliates, officers or directors which Claim seeks to restrain, prevent, change or delay in any material respect the Contemplated Transactions or seeks to challenge any of the material terms or provisions of this Agreement or seeks material damages in connection with any of such transactions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Paramount Financial Corp)

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