Common use of No Restraining Action Clause in Contracts

No Restraining Action. No action, suit, or proceeding before any court or governmental or regulatory authority will be pending, no investigation by any governmental or regulatory authority will have been commenced, and no action, suit or proceeding by any governmental or regulatory authority will have been threatened, against LATOKA, LEL, any LATOKA Shareholder, UNIFAB or any of the principals, officers, managers or directors of LATOKA, LEL or UNIFAB seeking to restrain, prevent or change the transactions contemplated hereby or questioning the legality or validity of any such transactions or seeking damages in connection with any such transactions.

No Restraining Action. No action, suit, or proceeding before any court or governmental or regulatory authority will be pending, no investigation by any governmental or regulatory authority will have been commenced, and no action, suit or proceeding by any governmental or regulatory authority will have been threatened, against LATOKA, LELOBI, any LATOKA OBI Shareholder, Southern Rentals, any Southern Rentals Member, UNIFAB or any of the principals, officers, managers or directors of LATOKAOBI, LEL Southern Rentals or UNIFAB seeking to restrain, prevent or change the transactions contemplated hereby or questioning the legality or validity of any such transactions or seeking damages in connection with any such transactions.

No Restraining Action. No action, suit, or proceeding before any court or governmental or regulatory authority will be pending, no investigation by any governmental or regulatory authority will have been commenced, and no action, suit or proceeding by any governmental or regulatory authority will have been threatened, against LATOKA, LELXxxxx, any LATOKA Xxxxx Shareholder, UNIFAB or any of the principals, officers, managers or directors of LATOKA, LEL Xxxxx or UNIFAB seeking to restrain, prevent or change the transactions contemplated hereby or questioning the legality or validity of any such transactions or seeking damages in connection with any such transactions.