No Suits Pending or Imminent Clause Samples
The "No Suits Pending or Imminent" clause serves to confirm that, at the time of agreement, neither party is currently involved in any legal proceedings nor is aware of any impending lawsuits that could affect the contract. In practice, this means each party must disclose if they are subject to ongoing litigation or have received credible threats of legal action related to the subject matter of the agreement. This clause helps ensure transparency and reduces the risk of undisclosed legal issues impacting the parties’ ability to fulfill their contractual obligations.
No Suits Pending or Imminent. Except as disclosed on Schedule VI hereto, there are no outstanding and unpaid judgments or, except as otherwise referred to herein or in documents to be provided Purchaser by FAS, any liens or security agreements as a result of which FAS is or may become a judgment debtor. Further, except for the ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ NASD complaint (the "Centofonti Matter"), there are no actions at law or in equity or SEC or other administrative proceedings or NASD proceedings known to be contemplated or pending against FAS or its officers or in which FAS is a plaintiff, defendant, petitioner or respondent. FAS does not, at this time, propose to commence any action at law or in equity, any administrative proceeding or any NASD proceeding in which it will be a plaintiff or petitioner. Except for the Centofonti Matter, there are no other actions at law or in equity or administrative proceedings pending in which it is anticipated by FAS or Sellers that FAS will join or be joined as a party. Except for the Centofonti Matter, there is no litigation pending, and to the best of the knowledge of Sellers and FAS, contemplated or threatened relating to the Interests or relating to any other ownership interest in FAS. Except for the ▇▇▇▇▇▇▇▇▇▇ Matter, there is no pending, or to the best of the knowledge of Sellers and FAS, contemplated or threatened litigation or proposed violation of law or regulation of any nature whatsoever with respect to FAS (including, but not limited to, NASD, SEC or similar laws and regulations).
No Suits Pending or Imminent. To the best of CPFC's knowledge, there are no actions at law or equity or administrative proceedings pending against Green Food or in which Green Food is a plaintiff, defendant, petitioner, or respondent. Green Food does not propose to commence an action at law or equity or an administrative proceeding in which it will be a plaintiff or petitioner. There are no actions at law or equity or administrative proceedings pending in which it is anticipated that Green Food will join or be joined as a party.
No Suits Pending or Imminent. There are no actions at law or equity or administrative proceedings pending against CPFC or in which CPFC is a plaintiff, defendant, petitioner, or respondent. CPFC does not propose to commence an action at law or equity or an administrative proceeding in which it will be a plaintiff or petitioner. There are no actions at law or equity or administrative proceedings pending in which it is anticipated that CPFC will join or be joined as a party.
No Suits Pending or Imminent. Except as defined in the most recent 10Q report filing, there are no actions at law or equity or administrative proceedings pending against Buyer or in which Buyer is a plaintiff, defendant, petitioner, or respondent. Buyer does not propose to commence an action at law or equity or an administrative proceeding in which it will be a plaintiff or petitioner. There are no actions at law or equity or administrative proceedings pending in which it is anticipated that Buyer will join or be joined as a party.
No Suits Pending or Imminent. Except as may be immaterial to Far East, its business, financial condition and results of operations, there are no actions at law or equity or administrative proceedings pending or threatened against Far East in which Far East is a plaintiff, defendant, petitioner, indemnifier, or respondent, or in which it is anticipated that Far East will join or be joined as a party.
No Suits Pending or Imminent. There are no outstanding and unpaid judgments, liens or security agreements as a result of which NCG Markets Corporation is or may become a judgment debtor. Further, there are no actions at law or equity or SEC or other administrative proceedings or CFTC or NFA proceedings known to be contemplated or pending against NCG Markets Corporation or its officers or in which it will be a plaintiff or petitioner. There are no actions at law or equity or administrative proceedings pending in which it is anticipated that NCG Market Corporation will join or be joined as a party. There is no litigation pending, contemplated or threatened relating to the shares or relating to any other ownership interest in NCG Markets Corporation. There is no pending, contemplated or threatened litigation or proposed violation of law or regulation of any nature whatsoever (including, but not limited to, CFTC, NFA, SEC, OSHA fire codes or similar laws and regulations).
No Suits Pending or Imminent. With the exception of the anticipated litigation discussed in the Coopers & Lybrand "Financia▇ ▇▇▇ Diligence Review Report - July 1997" with respect to Hangzhou Meilijian, to the best of AFC's knowledge, there are no actions at law or equity or administrative proceedings pending against Hangzhou or in which Hangzhou is a plaintiff, defendant, petitioner, or respondent. Hangzhou does not propose to commence an action at law or equity or an administrative proceeding in which it will be a plaintiff or petitioner. There are no actions at law or equity or administrative proceedings pending in which it is anticipated that Hangzhou will join or be joined as a party.
No Suits Pending or Imminent. Except as may be immaterial to the Company, its business, financial condition and results of operations, there are no actions at law or equity or administrative proceedings pending or threatened against the Company in which the Company is a plaintiff, defendant, petitioner, indemnifier, or respondent, or in which it is anticipated that the Company will join or be joined as a party.
No Suits Pending or Imminent. Except as may be immaterial to Eagle, JEH Eagle or MSI Eagle, their respective businesses, financial condition and results of operations, there are no actions at law or equity or administrative proceedings pending or threatened against Eagle, JEH Eagle or MSI Eagle in which Eagle, JEH Eagle or MSI Eagle is a plaintiff, defendant, petitioner, indemnifier, or respondent, or in which it is anticipated that Eagle, JEH Eagle or MSI Eagle will join or be joined as a party.
No Suits Pending or Imminent. Except as may be immaterial to either Eagle or JEH Eagle, their respective businesses, financial condition and results of operations, there are no actions at law or equity or administrative proceedings pending or threatened against either Eagle or JEH Eagle in which either Eagle or JEH Eagle is a plaintiff, defendant, petitioner, indemnifier, or respondent, or in which it is anticipated that either Eagle or JEH Eagle will join or be joined as a party.