Common use of Claims and Legal Proceedings Clause in Contracts

Claims and Legal Proceedings. There is no claim, products liability action, litigation, proceeding or governmental investigation pending or, to the best of Seller's knowledge, threatened, or any order, injunction or decree outstanding, against Sellers. To the best of Seller's knowledge, there is no reasonable basis for future claims, litigations, proceedings or investigations against Sellers which, if adversely determined, might have a material adverse effect on any of the Assets, the Company business as currently being conducted, or the rights, duties or obligations of the parties set forth in this Agreement

Appears in 2 contracts

Samples: Stock Purchase Agreement (mCig, Inc.), Stock Purchase Agreement (Growlife, Inc.)

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Claims and Legal Proceedings. There is no claim, products liability action, litigation, proceeding or governmental investigation pending or, to the best of Seller's knowledge, threatened, or any order, injunction or decree outstanding, against SellersSeller. To the best of Seller's knowledge, there is no reasonable basis for future claims, litigations, proceedings or investigations against Sellers Seller which, if adversely determined, might have a material adverse effect on any of the Assets, the Company business Business as currently being conducted, or the rights, duties or obligations of the parties set forth in this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Phototron Holdings, Inc.), Asset Purchase Agreement (Phototron Holdings, Inc.)

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