Common use of Current Proceedings Clause in Contracts

Current Proceedings. No Group Company (in relation to acts or defaults for which a Group Company may be liable) is involved whether as claimant or defendant or other party in any claim, legal action, proceeding, suit, litigation, prosecution, investigation or arbitration (other than as claimant in the collection of debts arising in the ordinary course of its business or in relation to insurance claims in the ordinary and usual course of business) which individually or collectively is material to the business of the Group. For the purposes of this paragraph 10.1, “

Appears in 1 contract

Sources: Share Purchase Agreement (PPL Corp)

Current Proceedings. No Group Company (in relation to or any person for whose acts or defaults for which a Group Company may be vicariously liable) is involved whether as claimant or defendant or other party in any claim, legal action, proceeding, suit, litigation, prosecution, investigation investigation, enquiry, mediation or arbitration (other than as claimant in where the collection of debts arising in the ordinary course of its business claim exceeds €250,000 or in relation to insurance claims in the ordinary and usual course of business) which individually or collectively is otherwise material to the business of the Group. For the purposes of this paragraph 10.1, “Group as a whole.

Appears in 1 contract

Sources: Share Purchase Agreement (Primo Water Corp /CN/)

Current Proceedings. No Group Company (in relation to or any person for whose acts or defaults for which a Group Company may be vicariously liable) is involved whether as claimant or defendant or other party in any claim, legal action, proceeding, suit, litigation, prosecution, investigation investigation, enquiry, mediation or arbitration (other than as claimant in the collection of debts arising in the ordinary and usual course of its business or in relation to insurance claims in the ordinary and usual course of businessimmaterial town and country planning, building and other similar proceedings) which individually or collectively is material to the business of the Group. For the purposes of this paragraph 10.1, “(each a "Claim").

Appears in 1 contract

Sources: Share Purchase Agreement (Crown Castle International Corp)