Common use of Litigation Pending or Threatened Clause in Contracts

Litigation Pending or Threatened. Except as set forth in SCHEDULE 3.8.1, there is no action, suit, arbitration, proceeding, grievance or investigation, pending or (to the knowledge of Seller) threatened, before any court, tribunal, panel, master or governmental agency, authority or body in which Seller is a party or to which the Division is subject, nor is Seller, or any officer or employee of Seller enjoined from any action or subject to any continuing restriction which may adversely affect the Division.

Appears in 2 contracts

Sources: Asset Purchase Agreement (K2 Inc), Asset Purchase Agreement (K2 Inc)