No Litigation Threatened Clause Samples
The "No Litigation Threatened" clause serves to confirm that, as of the agreement date, neither party is aware of any pending or threatened lawsuits or legal actions that could impact the transaction or their obligations. In practice, this clause requires each party to disclose any known legal disputes or claims that might affect their ability to perform under the contract. By including this assurance, the clause helps to provide transparency and reduce the risk of undisclosed legal issues interfering with the agreement, thereby protecting both parties from unforeseen liabilities.
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No Litigation Threatened. No action or proceedings shall have been instituted before a court or other governmental body or by any public authority to restrain or prohibit any of the transactions contemplated hereby, and Seller shall have delivered to Purchaser a certificate of an authorized representative of Seller, dated the Closing Date, to such effect to the best knowledge of such officer.
No Litigation Threatened. No action or proceedings shall have been instituted or threatened before a court or other government body or by any public authority to restrain or prohibit any of the transactions contemplated hereby.
No Litigation Threatened. No action or proceeding shall have been instituted or, to the knowledge of the Purchaser, shall have been threatened before a court or other governmental body or by any public authority to restrain or prohibit the transactions contemplated herein. No governmental agency or body shall have taken any other action or made any request of the Company or Purchaser as a result of which the Company deems it inadvisable to proceed with the transaction.
No Litigation Threatened. No action or proceeding shall be instituted or, to the knowledge of the Purchaser, threatened before a court or other government body or any public authority to restrain or prohibit any of the transactions contemplated hereby, and the Purchaser shall have delivered to the Sellers an officer's certificate, dated the Closing Date, to such effect.
No Litigation Threatened. No action, suit or other proceeding shall be pending before any court, tribunal or governmental authority seeking or threatening to restrain or prohibit the consummation of the transactions contemplated by this Agreement, or seeking to obtain substantial damages in respect thereof, or involving a claim, the consummation of which would result in the violation of any law, decree or regulation of any governmental authority having appropriate jurisdiction.
No Litigation Threatened. No action or proceedings shall have been instituted or threatened before a court or other government body or by any public authority to restrain or prohibit any of the transactions contemplated hereby, and the Shareholders shall have delivered to the Purchaser a certificate signed by the Shareholders' duly authorized representative, dated the Closing Date, to such effect.
No Litigation Threatened. No Proceeding shall have been instituted or, to the Knowledge of Purchaser, threatened before a court or other government body or by any public authority to restrain or prohibit any of the Subject Transactions.
No Litigation Threatened. No action or proceeding shall have been instituted or, to the best knowledge, information and belief of the Seller and the Stockholder, shall have been threatened before a court or other government body or by any public authority to restrain or prohibit any of the transactions contemplated hereby or which would have a material adverse effect on the Seller. The President of the Seller and the President of the Stockholder shall have delivered to the Purchaser a certificate, dated the Closing Date, to such effect.
No Litigation Threatened. No Action having a reasonable likelihood of prevailing shall have been instituted or threatened before a court or other Governmental Authority to restrain, prohibit or materially delay any of the transactions contemplated hereby; provided, that the Sellers shall not be able to asset this condition if any Seller shall have instigated such Action.
No Litigation Threatened. No injunction or restraining order shall be in effect and no action or proceeding shall have been instituted or, to the best of Seller's knowledge, shall have been threatened before a court or other governmental body, or by any public authority, to restrain or prohibit any of the transactions contemplated hereby.