Common use of No Defects Clause in Contracts

No Defects. The Target Equity is free from any Encumbrances; and there is no pending, or, to the knowledge of the Transferors, threatened or potential disputes, claims, lawsuits, arbitrations, enforcement, administrative proceedings or other legal proceedings relating to the Target Equity in any aspect.

Appears in 3 contracts

Sources: Equity Interest Transfer Agreement (TomoTherapy Inc), Equity Interest Transfer Agreement (TomoTherapy Inc), Equity Interest Transfer Agreement (TomoTherapy Inc)