Common use of No Obstructive Proceeding Clause in Contracts

No Obstructive Proceeding. No action or proceedings shall have been instituted against, and no order, decree or judgment of any court, agency, commission or governmental authority shall be subsisting against Rx Medical, Acquisition Corp or the officers or directors of Rx Medical or Acquisition Corp which seeks to restrain, or would render it unlawful as of the Closing to effect, the transactions contemplated hereby in accordance with the terms hereof, and no such action shall seek damages in a material amount by reason of the transaction contemplated hereby. Also, no substantive legal objection to the transactions contemplated by this Agreement shall have been received from or threatened by any governmental department or agency.