Common use of No Prohibition of Transaction Clause in Contracts

No Prohibition of Transaction. No Proceeding or regulation or legislation shall have been instituted, threatened or proposed before, nor any order issued by, any Governmental Authority to enjoin, restrain, prohibit or obtain substantial damage (a) in respect of, or which is related to, or arises out of, this Agreement or the consummation of the transactions contemplated hereby or (b) which, in the reasonable judgment of PSG, could have a Material Adverse Effect.

No Prohibition of Transaction. No Proceeding or regulation or legislation shall have been instituted, threatened or proposed before, nor any order issued by, any Governmental Authority to enjoin, restrain, prohibit or obtain substantial damage (a) in respect of, or which is related to, or arises out of, this Agreement or the consummation of the transactions contemplated hereby by this Agreement, or (b) which, in the reasonable judgment of PSG, Execute Sports could have a Material Adverse Effect.