Common use of Action or Proceeding Clause in Contracts

Action or Proceeding. No action, proceeding, investigation or administrative hearing before a court or any other governmental agency or body shall have been instituted or threatened against Lessor or Lessee which seeks injunctive relief in anticipation of the sale of the Assets and may reasonably be expected to prohibit the sale of the Assets to Lessee or seeks damages in a material amount by reason of the consummation of such sale.

Action or Proceeding. No action, proceeding, investigation or administrative hearing before a court or any other governmental agency or body shall have been instituted or threatened against Lessee or Lessor or Lessee which seeks injunctive relief in anticipation of the sale of the Assets and may reasonably be expected to prohibit the sale of the Assets to Lessee or seeks damages in a material amount by reason of the consummation of such sale.

Action or Proceeding. No action, proceeding, investigation or administrative hearing before a court or any other governmental agency or body shall have been instituted or threatened against Lessee or Lessor or Lessee which seeks injunctive relief in anticipation of the sale of the Assets transactions contemplated herein and may reasonably be expected to prohibit the sale of the Assets to Lessee transactions contemplated herein or seeks damages in a material amount by reason of the consummation of such saletransactions.

Action or Proceeding. No action, proceeding, investigation or administrative hearing before a court or any other governmental agency or body shall have been instituted or threatened against Lessor or Lessee which seeks injunctive relief in anticipation of the Lease or the sale of the Assets and may reasonably be expected to prohibit the Lease or the sale of the Assets to Lessee or seeks damages in a material amount by reason of the consummation of such Lease or sale.