Common use of No Violation, Litigation or Regulatory Action Clause in Contracts

No Violation, Litigation or Regulatory Action. Except as set --------------------------------------------- forth in Schedule 4.17: ------------- (i) the assets of the Company and their uses comply in all material respects with all applicable Requirements of Laws and Court Orders; (ii) the Company has complied in all material respects with all Requirements of Laws and Court Orders which are applicable to its assets or business; (iii) there are no material lawsuits, arbitrations, claims, suits, proceedings or investigations pending or, to the Knowledge of the Shareholders, threatened against or affecting the Company nor, to the Knowledge of the Shareholders, is there any basis for any of the same, and there are no material lawsuits, arbitrations, suits or proceedings pending in which the Company is the plaintiff or claimant; and (iv) there is no action, suit or proceeding pending or, to the Knowledge of the Shareholders, threatened which questions the legality or propriety of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Stock Purchase Agreement (Aptargroup Inc)

No Violation, Litigation or Regulatory Action. Except as set --------------------------------------------- forth in --------------------------------------------- Schedule 4.17: ------------- 4.10, (ia) the assets of the Company Purchased Assets and their uses comply in all material respects with all applicable Requirements of Laws and Court Governmental Orders; , (iib) the Company Seller has complied in all material respects with all Requirements of Laws and Court Governmental Orders which are applicable to its assets the Purchased Assets or business; the Operations, (iiic) there are no material lawsuits, arbitrations, claims, suits, proceedings or investigations pending or, to the Knowledge knowledge of the ShareholdersSeller, threatened against or affecting the Company nor, to the Knowledge Seller in respect of the Shareholders, is there any basis for any of Purchased Assets or the sameOperations, and there are no material lawsuits, arbitrations, suits or proceedings pending in which the Company Seller is the plaintiff or claimantclaimant and which relate to the Purchased Assets or the Operations; and nor to Seller's knowledge, is there any basis for the same, and (ivd) there is no action, suit or proceeding pending or, to the Knowledge knowledge of the Shareholders, Seller threatened which questions the legality or propriety of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Zhone Technologies Inc)

No Violation, Litigation or Regulatory Action. Except as set --------------------------------------------- forth in Schedule 4.17: ------------- 4.10, (ia) the assets of the Company Purchased Assets and their uses comply in all material respects with all applicable Requirements of Laws and Court Governmental Orders; , (iib) the Company Seller has complied in all material respects with all Requirements of Laws and Court Governmental Orders which are applicable to its assets the Purchased Assets or business; the Operations, (iiic) there are no material lawsuits, arbitrations, claims, suits, proceedings or investigations pending or, to the Knowledge knowledge of the ShareholdersSeller, threatened against or affecting the Company nor, to the Knowledge Seller in respect of the Shareholders, is there any basis for any of Purchased Assets or the sameOperations, and there are no material lawsuits, arbitrations, suits or proceedings pending in which the Company Seller is the plaintiff or claimantclaimant and which relate to the Purchased Assets or the Operations; and nor to Seller’s knowledge, is there any basis for the same, and (ivd) there is no action, suit or proceeding pending or, to the Knowledge knowledge of the Shareholders, Seller threatened which questions the legality or propriety of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Zhone Technologies Inc)

No Violation, Litigation or Regulatory Action. Except as --------------------------------------------- set --------------------------------------------- forth in Schedule 4.17: ------------- (i) the assets of the Company and their uses comply in all material respects with all applicable Requirements of Laws and Court Orders; (ii) the Company has complied in all material respects with all Requirements of Laws and Court Orders which are applicable to its assets or business; (iii) there are no material lawsuits, arbitrations, claims, suits, proceedings or investigations pending or, to the Knowledge of the Shareholders, threatened against or affecting the Company nor, to the Knowledge of the Shareholders, is there any basis for any of the same, and there are no material lawsuits, arbitrations, suits or proceedings pending in which the Company is the plaintiff or claimant; and (iv) there is no action, suit or proceeding pending or, to the Knowledge of the Shareholders, threatened which questions the legality or propriety of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Merger Agreement (Aptargroup Inc)

No Violation, Litigation or Regulatory Action. Except as set --------------------------------------------- forth in Schedule 4.17: ------------- (ia) the assets of the Company The Purchased Assets and their uses current use by Seller comply in all material respects with all applicable Requirements of Laws and Court Governmental Orders;, (iib) the Company Seller has complied in all material respects with all Requirements of Laws and Court Governmental Orders which are applicable to its assets the Purchased Assets or business;the Operations, (iiic) there There are no material lawsuits, arbitrations, claims, suits, proceedings or investigations pending of which Seller has received notice or, to the Knowledge knowledge of the ShareholdersSeller, threatened against or affecting the Company nor, to the Knowledge Seller in respect of the Shareholders, is there any basis for any of Purchased Assets or the sameOperations, and there are no material lawsuits, arbitrations, suits or proceedings pending in which the Company Seller is the plaintiff or claimantclaimant and which relate to the Purchased Assets or the Operations; nor to Seller's knowledge, is there any basis for the same, and (ivd) there There is no action, suit or proceeding pending of which the Seller has received notice or, to the Knowledge knowledge of the Shareholders, Seller threatened which questions the legality or propriety of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Trimble Navigation LTD /Ca/)

No Violation, Litigation or Regulatory Action. Except as set --------------------------------------------- forth in --------------------------------------------- Schedule 4.17: ------------- 4.11, (ia) the assets of the Company and their uses comply in all material respects with all applicable Requirements of Laws and Court Orders; (ii) the Company Seller has complied in all material respects with all Requirements of Laws and Court Governmental Orders which are applicable to its assets the Purchased Assets or business; the Business, (iiib) there are no material lawsuits, arbitrations, claims, suits, proceedings or investigations pending or, to the Knowledge knowledge of the ShareholdersSeller, threatened against or affecting the Company nor, to the Knowledge Seller in respect of the Shareholders, is there any basis for any of Purchased Assets or the sameBusiness, and there are no material lawsuits, arbitrations, suits or proceedings pending in which the Company Seller is the plaintiff or claimantclaimant and which relate to the Purchased Assets or the Business; and nor to Seller's knowledge, is there any basis for the same, and (ivc) there is no action, suit or proceeding pending or, to the Knowledge knowledge of the ShareholdersSeller threatened, threatened which questions the legality or propriety of the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Critical Path Inc)