Common use of Absence of Litigation; Compliance with Laws Clause in Contracts

Absence of Litigation; Compliance with Laws. As of the date of this Agreement, there is no Action pending or, to the best knowledge of Buyer, threatened in writing against Buyer, nor is there any Action pending in which Buyer is the plaintiff or claimant, that would reasonably be expected to impair or materially delay the ability of Buyer to consummate the transactions contemplated by, or to perform its obligations under, the Transaction Agreements.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Rite Aid Corp), Asset Purchase Agreement (Freds Inc), Asset Purchase Agreement (Walgreens Boots Alliance, Inc.)

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Absence of Litigation; Compliance with Laws. As of the date of this Agreement, there is no Action pending or, to the best knowledge Knowledge of BuyerPurchaser, threatened in writing against BuyerPurchaser or Parent, nor is there any Action pending in which Buyer Purchaser or Parent is the plaintiff or claimant, that would reasonably be expected to impair or materially delay the ability of Buyer Purchaser or Parent to consummate the transactions contemplated by, or to perform its obligations under, the Transaction Agreements.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Probe Manufacturing Inc)

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