Common use of Litigation, Proceedings and Applicable Law Clause in Contracts

Litigation, Proceedings and Applicable Law. There are no actions, suits, investigations or proceedings, at law or in equity or before or by any governmental authority or instrumentality or before any arbitrator of any kind, pending or, to Buyers' knowledge, threatened (a) against Buyers which, if determined adversely against Buyers, would materially adversely affect Buyers' ability to operate the Assets or (b) seeking to delay or enjoin the consummation of the transactions contemplated hereby. There are no outstanding orders, decrees or stipulations issued by any federal, state, local or, to Buyers' knowledge, foreign, judicial or administrative authority in any proceeding to which Buyers are or were parties which would materially adversely affect Buyers' ability to operate the Assets.

Litigation, Proceedings and Applicable Law. There are no actions, ------------------------------------------ suits, investigations or proceedings, at law or in equity or before or by any governmental authority or instrumentality or before any arbitrator of any kind, pending or, to Buyers' Buyer's knowledge, threatened (a) against Buyers Buyer which, if determined adversely against BuyersBuyer, would materially adversely affect Buyers' Buyer's ability to operate the Assets or the Business or (b) seeking to delay or enjoin the consummation of the transactions contemplated hereby. There are no outstanding orders, decrees or stipulations issued by any federal, state, local or, to Buyers' Buyer's knowledge, foreign, judicial or administrative authority in any proceeding to which Buyers are Buyer is or were parties was a party which would materially adversely affect Buyers' Buyer's ability to operate the Assets.