Common use of No Illegal or Improper Transactions Clause in Contracts

No Illegal or Improper Transactions. Neither the Company, nor its Subsidiaries, nor the Members nor any director, officer or employee of the Company or and its Subsidiaries have, directly or indirectly, used funds or other assets of the Company or its Subsidiaries, or made any promise or undertaking in such regards, for (a) illegal contributions, gifts, entertainment or other expenses relating to political activity, (b) illegal payments to or for the benefit of governmental officials or employees, whether domestic or foreign, (c) illegal payments to or for the benefit of any Person, or any director, officer, employee, agent or representative thereof, or (d) the establishment or maintenance of a secret or unrecorded fund, and there have been no false or fictitious entries made in the books or records of the Company or its Subsidiaries.

Appears in 1 contract

Sources: Securities Exchange Agreement (Excel Corp)

No Illegal or Improper Transactions. Neither the CompanyCompany nor any Subsidiary has, nor its Subsidiaries, nor the Members nor has any director, officer or employee of the Company or and its Subsidiaries haveany Subsidiary, directly or indirectly, used funds or other assets of the Company or its Subsidiariesany Subsidiary, or made any promise or undertaking in such regardsregard, for (a) illegal contributions, gifts, entertainment or other expenses relating to political activity, ; (b) illegal payments to or for the benefit of governmental officials or employees, whether domestic or foreign, (c) illegal payments to or for the benefit of any Personperson, firm, corporation or other entity, or any director, officer, employee, agent or representative thereof, or (d) the establishment or maintenance of a secret or unrecorded fund, and there have been no false or fictitious entries made in the books or records of the Company or its Subsidiaries.;

Appears in 1 contract

Sources: Securities Purchase Agreement (Pride International Inc)

No Illegal or Improper Transactions. Neither None of the Company, nor its Subsidiariesany Shareholder or any of the Company's directors, nor offices or, to the Members nor any director, officer or employee knowledge of the Company or and its Subsidiaries havethe Shareholders, employees has, directly or indirectly, indirectly used funds or other assets of the Company or its SubsidiariesCompany, or made any promise or undertaking in such regardsregard, for (a) illegal contributions, gifts, entertainment or other expenses relating to political activity, ; (b) illegal payments to or for the benefit of governmental officials or employees, whether domestic or foreign, ; (c) illegal payments to or for the benefit of any Personperson, firm, corporation or other entity, or any director, officer, employee, agent or representative thereof, ; or (d) the establishment or maintenance of a secret or unrecorded fund, ; and there have been no false or fictitious entries made in the books or records of the Company or its SubsidiariesCompany.

Appears in 1 contract

Sources: Merger Agreement (Vitrix Inc /Nv/)

No Illegal or Improper Transactions. Neither the CompanyCompany nor any Subsidiary has, nor its Subsidiaries, nor the Members nor has any director, officer or employee of the Company or and its Subsidiaries haveany Subsidiary, directly or indirectly, used funds or other assets of the Company or its Subsidiariesany Subsidiary, or made any promise or undertaking in such regards, for (a) illegal contributions, gifts, entertainment or other expenses relating to political activity, ; (b) illegal payments to or for the benefit of governmental officials or employees, whether domestic or foreign, (c) illegal payments to or for the benefit of any Personperson, firm, corporation or other entity, or any director, officer, employee, agent agency or representative thereof, ; or (d) the establishment or maintenance of a secret or unrecorded fund, ; and there have been no knowingly false or fictitious entries made in the books or records of the Company or its Subsidiariesany Subsidiary.

Appears in 1 contract

Sources: Purchase Agreement (Armco Inc)

No Illegal or Improper Transactions. Neither Seller nor any ----------------------------------- Subsidiary has, nor, to the CompanyKnowledge of Seller, nor its Subsidiaries, nor the Members nor has any director, officer or employee of the Company Seller or and its Subsidiaries haveany Subsidiary, directly or indirectly, used funds or other assets of the Company Seller or its Subsidiariesany Subsidiary, or made any promise or undertaking in such regardsregard, for (a) illegal contributions, gifts, entertainment or other expenses relating to political activity, ; (b) illegal payments to or for the benefit of governmental officials or employees, whether domestic or foreign, ; (c) illegal payments to or for the benefit of any Person, or any director, officer, employee, agent or representative thereof, ; or (d) the establishment or maintenance of a secret or unrecorded fund; and, and to the Knowledge of Seller, there have been no false or fictitious entries made in the books or records of the Company Seller or its Subsidiariesany Subsidiary.

Appears in 1 contract

Sources: Stock Purchase and Sale Agreement (Union Labor Life Insurance Co)

No Illegal or Improper Transactions. Neither None of the Company, nor its Subsidiariesthe Principals, nor to the Members nor any director, officer or employee knowledge of the Company Principals, any of the Company's directors, officers or and its Subsidiaries haveemployees has, directly or indirectly, indirectly used funds or other assets of the Company or its SubsidiariesCompany, or made any promise or undertaking in such regardsregard, for (a) illegal contributions, gifts, entertainment or other expenses relating to political activity, ; (b) illegal payments to or for the benefit of governmental officials or employees, whether domestic or foreign, ; (c) illegal payments to or for the benefit of any Personperson, firm, corporation or other entity, or any director, officer, employee, agent or representative thereof, ; or (d) the establishment or maintenance of a secret or unrecorded fund, ; and there have been no false or fictitious entries made in the books or records of the Company or its Subsidiarieswith respect thereto.

Appears in 1 contract

Sources: Share Purchase Agreement (Lineo Inc)

No Illegal or Improper Transactions. Neither Seller nor any Subsidiary has, nor, to the CompanyKnowledge of Seller, nor its Subsidiaries, nor the Members nor has any director, officer or employee of the Company Seller or and its Subsidiaries haveany Subsidiary, directly or indirectly, used funds or other assets of the Company Seller or its Subsidiariesany Subsidiary, or made any promise or undertaking in such regardsregard, for (a) illegal contributions, gifts, entertainment or other expenses relating to political activity, ; (b) illegal payments to or for the benefit of governmental officials or employees, whether domestic or foreign, ; (c) illegal payments to or for the benefit of any Person, or any director, officer, employee, agent or representative thereof, ; or (d) the establishment or maintenance of a secret or unrecorded fund; and, and to the Knowledge of Seller, there have been no false or fictitious entries made in the books or records of the Company Seller or its Subsidiariesany Subsidiary.

Appears in 1 contract

Sources: Stock Purchase and Sale Agreement (Perini Corp)