No Judgment Clause Samples
The "No Judgment" clause serves to prevent either party from making or seeking a formal legal judgment against the other in relation to the agreement. In practice, this means that disputes arising under the contract must be resolved through alternative means, such as negotiation, mediation, or arbitration, rather than through court proceedings that result in a judicial decision. This clause is designed to encourage amicable dispute resolution and to avoid the adversarial nature, costs, and public exposure associated with litigation.
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No Judgment. No Proceeding shall be threatened or pending before any Governmental Body or before any arbitrator wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would (i) prevent or materially delay consummation of any of the Transactions, or (ii) cause any of the Transactions to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling or charge shall be in effect), and no Law or Judgment of any kind will have been enacted, entered, promulgated or enforced by any Governmental Body that would (A) prevent or materially delay consummation of any of the Transactions, or (B) cause any of the Transactions to be rescinded following consummation.
No Judgment. No Judgment shall have been entered in any Proceeding before any court or other Governmental Authority having jurisdiction over any Party, and no preliminary or permanent injunction by any court or other Governmental Authority shall have been issued, which would have the effect of (a) making the Transaction illegal or (b) otherwise preventing the consummation of the Transaction.
No Judgment. Party is not the subject of any Judgment; and there is no lawsuit, tax claim or other dispute pending or to Party's knowledge threatened against Party that, if determined adverse to Party, is reasonably likely to have a Material Adverse Effect;
No Judgment. No Judgment or Law shall be in effect preventing or imposing any materially adverse conditions on the consummation of the Transaction.
No Judgment. On the Closing Date, no judgment, award, order, or combination thereof, shall exist against the Company, any Subsidiary of the Company, or collectively against the Company and its Subsidiaries in an aggregate amount in excess of $50,000,000.
No Judgment. No judgment, order or decree shall have been rendered which has the effect of enjoining the consummation of the transactions contemplated by this Agreement.