Common use of Actions; Orders; Permits Clause in Contracts

Actions; Orders; Permits. In the past five (5) years, there is no pending or, to the Knowledge of MICT, threatened Action to which MICT is subject which would reasonably be expected to have a Material Adverse Effect on MICT, nor, to the Knowledge of MICT, is there any reasonable basis for any such Action to be made. There is no Action that MICT has pending against any other Person. Neither MICT, nor, to the Knowledge of MICT, any of its directors or officers, are subject to any Orders of any Governmental Authority, nor are any such Orders pending. As of the date of this Agreement, none of the directors or officers of MICT have in the past five (5) years been charged with, indicted for, arrested for, or convicted of any felony or any crime involving fraud. MICT holds and has at all times held in all material respects all Permits necessary to lawfully conduct its business as presently conducted, and to own, lease and operate its assets and properties, all of which are in full force and effect, except where the failure to hold such Permit or for such Permit to be in full force and effect would not reasonably be expected to have a Material Adverse Effect on MICT.

Actions; Orders; Permits. In the past five (5) years, there There is no pending or, to the Knowledge of MICTPurchaser, threatened material Action to which MICT Purchaser is subject which would reasonably be expected to have a Material Adverse Effect on MICTPurchaser, nor, to the Knowledge of MICTPurchaser, is there any reasonable basis for any such Action to be made. There is no material Action that MICT Purchaser has pending against any other Person. Neither MICTPurchaser, nor, to the Knowledge of MICTPurchaser, any of its directors or officers, are subject to any material Orders of any Governmental Authority, nor are any such Orders pending. As of the date of this Agreement, none of the directors or nor officers of MICT Purchaser have in the past five (5) years been charged with, indicted for, arrested for, or convicted of any felony or any crime involving fraud. MICT Purchaser holds and has at all times held in all material respects all Permits necessary to lawfully conduct its business as presently conducted, and to own, lease and operate its assets and properties, all of which are in full force and effect, except where the failure to hold such Permit Consent or for such Permit Consent to be in full force and effect would not reasonably be expected to have a Material Adverse Effect on MICTPurchaser.

Actions; Orders; Permits. In the past five (5) years, there There is no pending or, to the Knowledge of MICTPurchaser, threatened material Action to which MICT Purchaser is subject which would reasonably be expected to have a Material Adverse Effect on MICTPurchaser, nor, to the Knowledge of MICTPurchaser, is there any reasonable basis for any such Action to be made. There is no material Action that MICT Purchaser has pending against any other Person. Neither MICTPurchaser, nor, to the Knowledge of MICTPurchaser, any of its directors or officers, officers are subject to any material Orders of any Governmental Authority, nor are any such Orders pending. As of the date of this Agreement, none of the directors or nor officers of MICT have in the past five (5) years been charged with, indicted for, arrested for, or convicted of any felony or any crime involving fraud. MICT Purchaser holds and has at all times held in all material respects all Permits necessary to lawfully conduct its business as presently conducted, and to own, lease and operate its assets and properties, all of which are in full force and effect, except where the failure to hold such Permit Consent or for such Permit Consent to be in full force and effect would not reasonably be expected to have a Material Adverse Effect on MICTPurchaser.

Actions; Orders; Permits. In the past five (5) years, there is no pending or, to the Knowledge of MICT, threatened Action to which MICT is subject which would reasonably be expected to have a Material Adverse Effect on MICT, nor, to the Knowledge of MICT, is there any reasonable basis for any such Action to be made. There is no Action that MICT has pending against any other Person. Neither MICT, nor, to the Knowledge of MICT, any of its directors or officers, are subject to any Orders of any Governmental Authority, nor are any such Orders pending. As of the date of this Agreement, none of the directors or nor officers of MICT have in the past five (5) years been charged with, indicted for, arrested for, or convicted of any felony or any crime involving fraud. MICT holds and has at all times held in all material respects all Permits necessary to lawfully conduct its business as presently conducted, and to own, lease and operate its assets and properties, all of which are in full force and effect, except where the failure to hold such Permit or for such Permit to be in full force and effect would not reasonably be expected to have a Material Adverse Effect on MICT. No representations and warranties in this Section 5.9 are being given as to the Subsidiaries or business assets to be spun-off in connection with the Spin-Off.

Actions; Orders; Permits. In the past five (5) years, there There is no pending or, to the Knowledge of MICTthe Purchaser, threatened material Action to which MICT the Purchaser is subject which would reasonably be expected to have a Material Adverse Effect on MICTthe Purchaser, nor, to the Knowledge of MICTthe Purchaser, is there any reasonable basis for any such Action to be made. There is no material Action that MICT the Purchaser has pending against any other Person. Neither MICTthe Purchaser, nor, to the Knowledge of MICTthe Purchaser, any of its directors or officers, officers are subject to any material Orders of any Governmental Authority, nor are any such Orders pending. As of the date of this Agreement, none of the directors or nor officers of MICT have in the past five (5) years been charged with, indicted for, arrested for, or convicted of any felony or any crime involving fraud. MICT The Purchaser holds and has at all times held in all material respects all Permits necessary to lawfully conduct its business as presently conducted, and to own, lease and operate its assets and properties, all of which are in full force and effect, except where the failure to hold such Permit Consent or for such Permit Consent to be in full force and effect would not reasonably be expected to have a Material Adverse Effect on MICTthe Purchaser.