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 AACA or its affiliates which seeks to, or would, render it unlawful as of the Closing to effect the Merger in accordance with the terms hereof, and no such action shall seek damages in a material amount by reason of the transactions 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.