Common use of Proceedings and Litigation Clause in Contracts

Proceedings and Litigation. No action shall have been taken by any Governmental Authority against any party hereto seeking to delay the purchase and sale of the Note or other transactions contemplated by the Loan Documents.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (China Tel Group Inc), Convertible Note Purchase Agreement

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Proceedings and Litigation. No action shall have been taken by any Governmental Authority against any party hereto seeking to delay the purchase and sale of the Note Notes or other transactions contemplated by the Loan Documents.

Appears in 2 contracts

Samples: Senior Secured Notes Agreement (Canargo Energy Corp), Note Purchase Agreement (Canargo Energy Corp)

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Proceedings and Litigation. No action shall have been taken by any Governmental Authority against any party hereto seeking to delay the purchase and sale of the Note Notes and Warrants or other transactions contemplated by the Loan Documents.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Canargo Energy Corp), Note and Warrant Purchase Agreement (Canargo Energy Corp)

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