Common use of Legal Actions or Proceedings Clause in Contracts

Legal Actions or Proceedings. No legal action or proceeding shall have been instituted after the date hereof against the Company, the Shareholder or Rayden which is reasonably likely (i) to restrain, prohibit or invalidate the consummation of the transactions contemplated by this Agreement, (ii) to have a Company Material Adverse Effect or (iii) to have a Parent Material Adverse Effect after giving effect to the consummation of the transactions contemplated by this Agreement, and the Shareholder and Rayden shall have delivered to the Parent a certificate to that effect.

Legal Actions or Proceedings. No legal action or proceeding shall have been instituted after the date hereof against the Company, the Shareholder or Rayden which is reasonably likely (i) to restrain, prohibit or invalidate the consummation of the transactions contemplated by this Agreement, (ii) to have a Company Material Adverse Effect or (iii) to have a Parent Material Adverse Effect after giving effect to the consummation of the transactions contemplated by this Agreement, and the Shareholder and Rayden shall have delivered to the Parent a certificate to that effect.

Legal Actions or Proceedings. No legal action or proceeding shall have been instituted after the date hereof against the Company, Company or the Shareholder or Rayden Owners which is reasonably likely (i) to restrain, prohibit or invalidate the consummation of the transactions contemplated by this Agreement, (ii) to have a Company Material Adverse Effect or (iii) to have a Parent Purchaser Material Adverse Effect after giving effect to the consummation of the transactions contemplated by this Agreement, and the Shareholder and Rayden shall have delivered to the Parent a certificate to that effect.

Legal Actions or Proceedings. No legal action or proceeding shall have been instituted after the date hereof against the CompanyParent, the Shareholder Company or Rayden the Shareholders which is reasonably likely (i) to restrain, prohibit or invalidate the consummation of the transactions contemplated by this Agreement, (ii) to have a Company Material Adverse Effect or (iii) to have a Parent Material Adverse Effect after giving effect to the consummation of the transactions contemplated by this Agreement, and the Shareholder and Rayden shall have delivered to the Parent a certificate to that effect.