Common use of No Suits Pending or Imminent Clause in Contracts

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. Except as disclosed on Schedule VI VIII 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 Purchaser and/or its subsidiaries or affiliates 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 Purchaser and/or its subsidiaries or affiliates and or its or their officers or in which FAS Purchaser and/or one or more of its subsidiaries or affiliates is a plaintiff, defendant, petitioner or respondent. FAS Purchaser 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 and/or one or more of its subsidiaries or affiliates will be a plaintiff or petitioner. Except for There are to the Centofonti Matter, there are best of the knowledge of Purchaser no other actions at law or in equity or administrative proceedings pending in which it is anticipated by FAS that Purchaser and/or one or Sellers that FAS more of its subsidiaries or affiliates will join or be joined as a party. Except for the Centofonti Matter, there is no litigation pending, and to To the best of the knowledge of Sellers and FASPurchaser there is no litigation pending, contemplated or threatened relating to the Interests or relating to any other ownership interest in FAScommon shares of Purchaser. Except for the ▇▇▇▇▇▇▇▇▇▇ Matter, there is no pending, or to To the best of the knowledge of Sellers and FASPurchaser, there is no pending, contemplated or threatened litigation or proposed violation of law or regulation of any nature whatsoever with respect to FAS Purchaser and/or its subsidiaries or affiliates (including, but not limited to, NASD, SEC or similar laws and regulations).