Common use of No Action or Proceeding Clause in Contracts

No Action or Proceeding. The consummation of the transactions contemplated herein shall not violate any Applicable Law. Further, no temporary restraining Order, preliminary or permanent injunction, cease and desist Order or other legal restraint preventing the consummation of the transactions contemplated herein, or imposing material damages in respect thereof, shall be in effect, nor shall there be any action or proceeding pending or threatened by any Person which seeks any of the foregoing or seeks to impose conditions which would be materially burdensome upon the business of Company and which presents a substantial risk that the relief sought will be granted.

Appears in 3 contracts

Samples: Business Transfer and Indemnity Agreement (Gold Party Payday Inc), Stock Purchase Agreement (Nine Mile Software, Inc.), Stock Purchase Agreement (Velt International Group Inc.)

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No Action or Proceeding. The consummation of the transactions contemplated herein shall not violate any Applicable Law. Further, no temporary restraining Order, preliminary or permanent injunction, cease and desist Order or other legal restraint preventing the consummation of the transactions contemplated herein, or imposing material damages in respect thereof, shall be in effect, nor shall there be any action or proceeding pending or threatened by any Person which seeks any of the foregoing or seeks to impose conditions which would be materially burdensome upon the business of Company BMI and which presents a substantial risk that the relief sought will be granted.

Appears in 2 contracts

Samples: Business Transfer and Indemnity Agreement (Bling Marketing, Inc.), Business Transfer and Indemnity Agreement (NuGene International, Inc.)

No Action or Proceeding. The consummation of the transactions contemplated herein shall not violate any Applicable Law. Further, no temporary restraining Order, preliminary or permanent injunction, cease and desist Order or other legal restraint preventing the consummation of the transactions contemplated herein, or imposing material damages in respect thereof, shall be in effect, nor shall there be any action or proceeding pending or threatened by any Person which seeks any of the foregoing or seeks to impose conditions which would be materially burdensome upon the business of Company Allstate and which presents a substantial risk that the relief sought will be granted.

Appears in 1 contract

Samples: Share Exchange Agreement (Leventhal Russel S)

No Action or Proceeding. The consummation of the transactions contemplated herein shall not violate any Applicable Law. Further, no temporary restraining Order, preliminary or permanent injunction, cease and desist Order or other legal restraint preventing the consummation of the transactions contemplated herein, or imposing material damages in respect thereof, shall be in effect, nor shall there be any action or proceeding pending or threatened by any Person which seeks any of the foregoing or seeks to impose conditions which would be materially burdensome upon the business of Company Business, and which presents a substantial risk that the relief sought will be granted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Collectors Universe Inc)

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No Action or Proceeding. The consummation of the transactions contemplated herein shall not violate any Applicable Law. Further, no temporary restraining Order, preliminary or permanent injunction, cease and desist Order or other legal restraint preventing the consummation of the transactions contemplated herein, or imposing material damages in respect thereof, shall be in effect, nor shall there be any action or proceeding pending or threatened by any Person which seeks any of the foregoing or seeks to impose conditions which FHV/GEEM Business Transfer Indemnity Agreement v10 would be materially burdensome upon the business of Company and which presents a substantial risk that the relief sought will be granted.

Appears in 1 contract

Samples: Business Transfer and Indemnity Agreement (Green 4 Media, Inc.)

No Action or Proceeding. The consummation of the transactions ----------------------- contemplated herein shall not violate any Applicable Law. Further, no temporary restraining Order, preliminary or permanent injunction, cease and desist Order or other legal restraint preventing the consummation of the transactions contemplated herein, or imposing material damages in respect thereof, shall be in effect, nor shall there be any action or proceeding pending or threatened by any Person which seeks any of the foregoing or seeks to impose conditions which would be materially burdensome upon the business of Company Allstate and which presents a substantial risk that the relief sought will be granted.

Appears in 1 contract

Samples: Share Exchange Agreement (Sonicport Com)

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