Common use of No Litigation, Etc Clause in Contracts

No Litigation, Etc. No action, investigation, litigation or arbitration or proceeding by or before any Governmental Authority, or before any arbitral, mediation panel or tribunal of any kind shall have been instituted or threatened (i) to restrain or prohibit the transactions contemplated by this Agreement or (ii) to claim that the consummation of any such transaction is illegal or (iii) which, if determined adversely, would effect adversely PocketSpec or Sierra Norte following consummation of the transactions contemplated hereby and the Companies shall have delivered to each other certificates dated as of the Closing Date and executed by such parties, stating that to their Best Knowledge, no such items exist. No Governmental Authority or arbitral or mediation panel or tribunal of any kind shall have taken any other action as a result of which the management of Sierra Norte, in its sole discretion, reasonably deems it inadvisable to proceed with the transactions contemplated by this Agreement.

No Litigation, Etc. No action, investigation, litigation or arbitration or proceeding by or before any Governmental Authority, or before any arbitral, mediation panel or tribunal of any kind shall have been instituted or threatened (i) to restrain or prohibit the transactions contemplated by this Agreement Agreement, or (ii) to claim that the consummation of any such transaction is illegal or (iii) which, if determined adversely, would effect adversely PocketSpec or Sierra Norte following consummation of the transactions contemplated hereby and the Companies Sierra Norte shall have delivered to each other certificates PocketSpec a certificate dated as of the Closing Date and executed by such partiesSierra Norte, stating that to their its Best Knowledge, no such items exist. No Governmental Authority governmental authority or arbitral or arbitral, mediation panel or tribunal of any kind shall have taken any other action as a result of which the management of Sierra NortePocketSpec, in its sole discretion, reasonably deems it inadvisable to proceed with the transactions contemplated by this Agreement.