Litigation and Compliance. Except as set forth on the Disclosure Schedule and except as set forth in EFI's filings with the Securities and Exchange Commission ("SEC") prior to the date hereof, there is no litigation, suit, claim, action, arbitration, administrative proceeding, or investigation of EFI or any of its subsidiaries before any court, arbitrator, administrative agency or other governmental authority or, to Purchasers' Knowledge, threatened against EFI or any of its subsidiaries, by or before any court, arbitrator, administrative agency or other governmental authority. Except as otherwise set forth in this Agreement or except where such non-compliance would not have a Purchaser Material Adverse Effect, EFI and its subsidiaries are in compliance with all applicable laws including, without limitation, all laws regarding the advertising, marketing, telemarketing, offering for sale or sale of VOIs and the origination and servicing of loans relating thereto in each state and local jurisdiction in which EFI and its subsidiaries are doing business, and there is no order, writ, injunction or decree of any court, arbitrator, administrative agency or other governmental authority materially affecting the operations or the business of EFI or any of its subsidiaries or the consummation of the transactions contemplated hereby.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Equivest Finance Inc)
Litigation and Compliance. Except as set forth on the Disclosure Schedule and except as set forth in EFI's filings with the Securities and Exchange Commission ("SEC") prior to the date hereofSchedule, there is no litigation, suit, claim, action, arbitration, administrative proceeding, proceeding or investigation of EFI ▇▇▇▇▇▇ or any PHC (in connection with the Acquired Business) or the Acquired Companies or the operation of its subsidiaries the Acquired Business pending before any court, arbitrator, administrative agency or other governmental authority or, to PurchasersSellers' Knowledge, threatened against EFI ▇▇▇▇▇▇ or any of its subsidiariesPHC (in connection with the Acquired Business) or the Acquired Companies, by or before any court, arbitrator, administrative agency or other governmental authority. Except as otherwise set forth in this Agreement on the Disclosure Schedule or except where such non-compliance would not have a Purchaser an Acquired Company Material Adverse Effect, EFI ▇▇▇▇▇▇, PHC and its subsidiaries the Acquired Companies are in compliance with all applicable laws including, without limitation, all laws regarding the advertising, marketing, telemarketing, offering for sale or sale of VOIs and the origination and servicing of loans relating thereto in each state and local jurisdiction in which EFI and its subsidiaries the Acquired Companies are doing business, and there is no order, writ, injunction or decree of any court, arbitrator, administrative agency or other governmental authority materially affecting the operations or the business of EFI or any of its subsidiaries the Acquired Companies or the consummation of the transactions contemplated hereby.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Equivest Finance Inc)
Litigation and Compliance. Except as set forth on the Disclosure Schedule and except as set forth in EFI's filings with the Securities and Exchange Commission ("SEC") prior to the date hereofSchedule, there is no litigation, suit, claim, action, arbitration, administrative proceeding, proceeding or investigation of EFI Kins▇▇ ▇▇ PHC (in connection with the Acquired Business) or any the Acquired Companies or the operation of its subsidiaries the Acquired Business pending before any court, arbitrator, administrative agency or other governmental authority or, to PurchasersSellers' Knowledge, threatened against EFI Kins▇▇ ▇▇ PHC (in connection with the Acquired Business) or any of its subsidiariesthe Acquired Companies, by or before any court, arbitrator, administrative agency or other governmental authority. Except as otherwise set forth in this Agreement on the Disclosure Schedule or except where such non-compliance would not have a Purchaser an Acquired Company Material Adverse Effect, EFI Kins▇▇, ▇▇C and its subsidiaries the Acquired Companies are in compliance with all applicable laws including, without limitation, all laws regarding the advertising, marketing, telemarketing, offering for sale or sale of VOIs and the origination and servicing of loans relating thereto in each state and local jurisdiction in which EFI and its subsidiaries the Acquired Companies are doing business, and there is no order, writ, injunction or decree of any court, arbitrator, administrative agency or other governmental authority materially affecting the operations or the business of EFI or any of its subsidiaries the Acquired Companies or the consummation of the transactions contemplated hereby.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Kinser C Wayne)