Common use of Claims; Litigation Clause in Contracts

Claims; Litigation. The Company: (i) is not (and since December 31, 1999 has not been) engaged in, a party to, subject to or threatened with any claim, controversy, legal or equitable action or other proceeding (whether as plaintiff, defendant or otherwise and regardless of the forum or the nature of the opposing party); (ii) is not (and since December 31, 1999 has not been) a party to or subject to any judgment, order or decree against it or any of its assets; and (iii) there has been no reservation of rights by any insurance carrier, and to the Stockholders' knowledge, no such reservation is threatened, concerning the coverage of the Company with respect to any such matter.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Bridgetech Holdings International Inc), Stock Purchase Agreement (Bridgetech Holdings International Inc), Stock Purchase Agreement (Bridgetech Holdings International Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!