Business; Compliance with Laws. Except for those which would not reasonably be expected to have a Second Closing Material Adverse Effect, each Company and each of their respective subsidiaries has all necessary franchises, permits, licenses and other rights and privileges necessary to permit it to own its property and to conduct its business as is presently conducted. No Company nor any of their respective subsidiaries is in violation of any law, regulation, authorization or order material to the ownership of its properties or the carrying on of its business as presently conducted.
Appears in 2 contracts
Samples: Securities Purchase Agreement (General Devices Inc), Securities Purchase Agreement (General Devices Inc)
Business; Compliance with Laws. Except for those which would not reasonably be expected to have a Second First Closing Material Adverse Effect, each Company Aduromed and each of their respective its subsidiaries has all necessary franchises, permits, licenses and other rights and privileges necessary to permit it to own its property and to conduct its business as is presently conducted. No Company Neither Aduromed nor any of their respective its subsidiaries is in violation of any law, regulation, authorization or order material to the ownership of its properties or the carrying on of its business as presently conducted.
Appears in 2 contracts
Samples: Securities Purchase Agreement (General Devices Inc), Securities Purchase Agreement (General Devices Inc)
Business; Compliance with Laws. Except for those which would not reasonably be expected to have a Second Closing Material Adverse Effect, each the Company and each of their respective subsidiaries its Subsidiaries has all necessary franchises, permits, licenses and other rights and privileges necessary to permit it to own its property and to conduct its business as is presently conducted. No Neither the Company nor any of their respective subsidiaries its Subsidiaries is in violation of any law, regulation, authorization or order material to the ownership of its properties or the carrying on of its business as presently conducted.
Appears in 1 contract
Samples: Securities Purchase Agreement (Health Fitness Corp /MN/)