Common use of Claims or Litigation Clause in Contracts

Claims or Litigation. There is no suit, action or other proceeding pending against Seller before any court or governmental agency relating to the Leasehold, nor to the knowledge of the Seller. If there will be any claim, dispute, suit, action, or other proceeding threatened against Seller or pending or threatened against any of the Merger-Target which might result in the impairment or loss of Seller’s title to the same or the value thereof, then such leasehold shall be excluded from this sale.

Appears in 3 contracts

Samples: Acquisition Agreement (Guyana Gold Corp), Acquisition Agreement (JPX Global Inc.), Acquisition Agreement (Guyana Gold Corp)

AutoNDA by SimpleDocs

Claims or Litigation. There Except as described in Schedule 4.9, there is no suit, action or other proceeding pending against Seller pro­ceed­ing before any court or governmental agency relating to the LeaseholdInterests nor, nor to the knowledge of the Seller. If ’s knowledge, is there will be any claim, dispute, suit, action, action or other proceeding threatened against Seller or pending or threatened against any of the Merger-Target Interests or which might result in the impairment or loss of Seller’s title to any of the same Interests or the value thereof, then such leasehold shall be excluded from this saleor increase the cost of ownership or operation thereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ram Energy Resources 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!