Common use of Restrictive Documents or Laws Clause in Contracts

Restrictive Documents or Laws. Seller is not a party to or bound under any mortgage, lien, lease, agreement, contract, instrument, law, order, judgment or decree, or any similar restriction not of general application that adversely affects, or reasonably could be expected to so affect (a) the Acquired Assets or the ability of Buyer to utilize them in the Business after the Closing Date on substantially the same basis as the Business is currently operated; or (b) the consummation of the transactions contemplated by this Agreement.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Verus International, Inc.), Asset Purchase Agreement (General Automotive Co)

Restrictive Documents or Laws. Seller is not a party to or bound under any any, and there is no pending, proposed or, to the best knowledge of Seller, threatened certificate, mortgage, lien, lease, agreement, contract, instrument, law, order, judgment or decree, or any similar restriction not of general application that which materially adversely affects, or reasonably could be expected materially adversely to so affect (a) the Acquired Assets or the ability of Buyer to utilize them in the Business after the Closing Date on substantially the same basis as the Business is currently operated; or (b) the consummation of the transactions contemplated by this AgreementProperty.

Appears in 1 contract

Sources: Asset Purchase Agreement (WHX Corp)