Operation of the Schemes. (a) The Schemes have at all times been operated in accordance with their governing rules or terms and all applicable laws and all documents which are required to be filed with any regulatory authority have been so filed and all tax clearances and approvals necessary to obtain favourable tax treatment for the Company and/or the participants in the Schemes have been obtained and not withdrawn and no act or omission has occurred which has or could prejudice any such tax clearance and/or approval. (b) No past or present director, officer, employee or any dependant thereof or any other participant in any Scheme has made any claim against the Company in respect of any Scheme and no event has occurred which could or might give rise to any such claim.
Appears in 2 contracts
Sources: Share Purchase Agreement (Big Flower Press Holdings Inc), Agreement for the Sale and Purchase of Shares (Big Flower Holdings Inc/)
Operation of the Schemes. (a) The Schemes have at all times been operated operated, in all material respects, in accordance with their governing rules or terms and all applicable laws and all documents which are required to be filed with any regulatory authority have been so filed and all tax clearances and approvals necessary to obtain favourable tax treatment for the Company Group and/or the participants in the Schemes have been obtained and not withdrawn and no act or omission has occurred which has or could prejudice any such tax clearance and/or approval.
(b) No past or present director, officer, employee Worker or any dependant thereof or any other participant in any Scheme has made any claim against the any Group Company in respect of any Scheme and and, so far as Seller is aware, no event has occurred which could or might give rise to any such claim.
Appears in 2 contracts
Sources: Share Purchase Agreement, Share Purchase Agreement (Willbros Group, Inc.\NEW\)
Operation of the Schemes. (a) The Schemes have at all times been operated in accordance with their governing rules or terms and all applicable laws and all documents which are required to be filed with any regulatory authority have been so filed and all tax clearances and approvals necessary to obtain favourable tax treatment for the Company and/or the participants in the Schemes have been obtained and not withdrawn and no act or omission has occurred which has or could prejudice any such tax clearance and/or approval.
(b) No past or present director, officer, employee Worker or any dependant thereof or any other participant in any Scheme has made any claim against the Company in respect of any Scheme and no event has occurred which could or might give rise to any such claim.
Appears in 1 contract
Sources: Share Purchase Agreement (Herley Industries Inc /New)