Adverse Interest. No current officer, director or Person known to the Company or the Company Subsidiaries to be the record or beneficial owner in excess of 5% of such entity’s outstanding stock, is a party adverse to the Company or the Company Subsidiaries or has a material interest adverse to the Company or the Company Subsidiaries in any material pending Proceeding.
Adverse Interest. Except as set forth on Schedule 7.31, no current officer, director, affiliate or person known to the Acquiror Company to be the record or beneficial owner in excess of 5% of Acquiror Company Common Stock or any person known to be an associate of any of the foregoing is a party adverse to Acquiror Company or has a material interest adverse to Acquiror Company in any material pending legal proceeding.
Adverse Interest. No current officer, director, affiliate or person known to Tianyin to be the record or beneficial owner in excess of 5% of Tianyin’s common stock, respectively, or any person known to be an associate of any of the foregoing is a party adverse to Tianyin or has a material interest adverse to Tianyin in any material pending legal proceeding.
Adverse Interest. No current officer, director, affiliate or person known to Goodwill to be the record or beneficial owner in excess of 5% of Goodwill’s common stock, respectively, or any person known to be an associate of any of the foregoing is a party adverse to Goodwill or has a material interest adverse to Goodwill in any material pending legal proceeding.
Adverse Interest. No current officer, director, affiliate or person known to Hangson to be the record or beneficial owner in excess of 5% of Hangson’ common stock, or any person known to be an associate of any of the foregoing is a party adverse to Hangson or has a material interest adverse to Hangson in any material pending legal proceeding.
Adverse Interest. No current officer, director or Person known to the Acquiree, HK Company or the PRC Companies to be the record or beneficial owner in excess of 5% of such entity’s outstanding stock, is a party adverse to the Acquiree Acquiree, HK Company or the PRC Companies or has a material interest adverse to the Acquiree, HK Company and the PRC Companies in any material pending Proceeding.
Adverse Interest. No Target Company is, or is so far as the Sellers are aware alleged to be, in material breach of any covenant, restriction, condition or obligation (whether statutory or otherwise) affecting the conduct of the existing business at or from the Properties.
Adverse Interest. No current officer, director, affiliate or person known to Lotus to be the record or beneficial owner in excess of 5% of Lotus’ common stock, or any person known to be an associate of any of the foregoing is a party adverse to Lotus or has a material interest adverse to Lotus in any material pending legal proceeding.
Adverse Interest. No current officer, director or Person known to Steampunk or its Subsidiaries to be the record or beneficial owner in excess of 5% of such entity’s outstanding stock, is a party adverse to Steampunk or its Subsidiaries or has a material interest adverse to Steampunk or its Subsidiaries in any material pending Proceeding.
Adverse Interest. No current officer, director, affiliate or person known to Cellynx to be the record or beneficial owner in excess of 5% of Cellynx’ common stock, or any person known to be an associate of any of the foregoing is a party adverse to Cellynx or has a material interest adverse to Cellynx in any material pending legal proceeding.
