No Restraining Proceedings. No order, decision or ruling of any court, tribunal or regulatory authority having jurisdiction over the Assignor shall have been made, and no action or proceeding shall be pending or threatened in writing which, in the opinion of counsel to the Assignee (acting reasonably), is likely to result in an order, decision or ruling to disallow, enjoin, prohibit or impose any material limitations or conditions on the purchase and sale of the Purchased Assets contemplated hereby or the right of the Assignee to own the Purchased Assets.
Appears in 4 contracts
Samples: Intellectual Property Assignment Agreement, Intellectual Property Assignment Agreement (Loop Industries, Inc.), Escrow Agreement (Loop Industries, Inc.)
