Common use of Compliance with Applicable Law and Regulatory Matters Clause in Contracts

Compliance with Applicable Law and Regulatory Matters. i. Buyer has complied with all applicable laws and regulations, and are not in violation of, and have not received any written notices of violation with respect to, any laws and regulations in connection with the conduct of their respective businesses or the ownership or operation of their respective businesses, assets and properties, except for such noncompliance and violations as would not, individually or in the aggregate, be material. ii. Buyer has all licenses, permits, certificates, franchises and other authorizations (collectively, the “Authorizations”) necessary for the ownership or use of its assets and properties and the conduct of its business, as currently conducted, and have complied with, and are not in violation of, any Authorization, except where such noncompliance or violation would not, individually or in the aggregate, be material. Except as would not be material to Buyer, all such Authorizations are in full force and effect and there are no proceedings pending or, to the knowledge of Buyer, threatened that seek the revocation, cancellation, suspension or adverse modification thereof.

Appears in 2 contracts

Samples: Share Exchange Agreement (Blue Star Entertainment Technologies, Inc.), Technology Transfer Agreement (Blue Star Entertainment Technologies, Inc.)

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Compliance with Applicable Law and Regulatory Matters. i. (i) Buyer has complied with all applicable laws and regulations, and are not in violation of, and have not received any written notices of violation with respect to, any laws and regulations in connection with the conduct of their respective businesses or the ownership or operation of their respective businesses, assets and properties, except for such noncompliance and violations as would not, individually or in the aggregate, be material. (ii. ) Buyer has have all licenses, permits, certificates, franchises and other authorizations (collectively, the “Authorizations”) necessary for the ownership or use of its assets and properties and the conduct of its business, as currently conducted, and have complied with, and are not in violation of, any Authorization, except where such noncompliance or violation would not, individually or in the aggregate, be material. Except as would not be material to Buyer, all such Authorizations are in full force and effect and there are no proceedings pending or, to the knowledge of Buyer, threatened that seek the revocation, cancellation, suspension or adverse modification thereof. (iii) There are no governmental orders applicable to Buyer which have had a Material Adverse Effect on Buyer.

Appears in 2 contracts

Samples: Acquisition Agreement (Alternative Energy Partners, Inc.), Acquisition Agreement (Alternative Energy Partners, Inc.)

Compliance with Applicable Law and Regulatory Matters. i. (i) Buyer has complied with all applicable laws and regulations, and are not in violation of, and have not received any written notices of violation with respect to, any laws and regulations in connection with the conduct of their respective businesses or the ownership or operation of their respective businesses, assets and properties, except for such noncompliance and violations as would not, individually or in the aggregate, be material. (ii. ) Buyer has all licenses, permits, certificates, franchises and other authorizations (collectively, the “Authorizations”) necessary for the ownership or use of its assets and properties and the conduct of its business, as currently conducted, and have complied with, and are not in violation of, any Authorization, except where such noncompliance or violation would not, individually or in the aggregate, be material. Except as would not be material to Buyer, all such Authorizations are in full force and effect and there are no proceedings pending or, to the knowledge of Buyer, threatened that seek the revocation, cancellation, suspension or adverse modification thereof. (iii) There are no governmental orders applicable to Buyer which have had a Material Adverse Effect on Buyer.

Appears in 2 contracts

Samples: Acquisition Agreement (Alternative Energy Partners, Inc.), Acquisition Agreement (Alternative Energy Partners, Inc.)

Compliance with Applicable Law and Regulatory Matters. i. (1) Buyer has complied with all applicable laws and regulations, and are not in violation of, and have not received any written notices of violation with respect to, any laws and regulations in connection with the conduct of their respective businesses or the ownership or operation of their respective businesses, assets and properties, except for such noncompliance and violations as would not, individually or in the aggregate, be material. ii. (2) Buyer has all licenses, permits, certificates, franchises and other authorizations (collectively, the “Authorizations”) necessary for the ownership or use of its assets and properties and the conduct of its business, as currently conducted, and have complied with, and are not in violation of, any Authorization, except where such noncompliance or violation would not, individually or in the aggregate, be material. Except as would not be material to Buyer, all such Authorizations are in full force and effect and there are no proceedings pending or, to the knowledge of Buyer, threatened that seek the revocation, cancellation, suspension or adverse modification thereof.

Appears in 2 contracts

Samples: Acquisition Agreement (Alternative Energy Partners, Inc.), Acquisition Agreement (Allezoe Medical Holdings Inc)

Compliance with Applicable Law and Regulatory Matters. i. Buyer (1) Clarrix has complied with all applicable laws and regulations, and are not in violation of, and have not received any written notices of violation with respect to, any laws and regulations in connection with the conduct of their respective businesses or the ownership or operation of their respective businesses, assets and properties, except for such noncompliance and violations as would not, individually or in the aggregate, be material. ii. Buyer (2) Clarrix has all licenses, permits, certificates, franchises and other authorizations (collectively, the “Authorizations”) necessary for the ownership or use of its assets and properties and the conduct of its business, as currently conducted, and have complied with, and are not in violation of, any Authorization, except where such noncompliance or violation would not, individually or in the aggregate, be material. Except as would not be material to BuyerClarrix, all such Authorizations are in full force and effect and there are no proceedings pending or, to the knowledge of BuyerClarrix, threatened that seek the revocation, cancellation, suspension or adverse modification thereof.

Appears in 1 contract

Samples: Acquisition Agreement (Alternative Energy Partners, Inc.)

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Compliance with Applicable Law and Regulatory Matters. i. Buyer (a) Novation has complied with all applicable laws Laws and regulationsRegulations, and are is not in violation of, and have has not received any written notices of violation with respect to, any laws Laws and regulations Regulations in connection with the conduct of their respective its businesses or the ownership or operation of their respective its businesses, assets and properties, except for such noncompliance and violations as would not, individually or in the aggregate, be material. ii. Buyer (b) Novation has all licenses, permits, certificates, franchises and other authorizations (collectively, the “Authorizations”) necessary for the ownership or use of its assets and properties and the conduct of its business, as currently conducted, and have complied with, and are not in violation of, any Authorization, except where such noncompliance or violation would not, individually or in the aggregate, be material. Except as would not be material to BuyerNovation, all such Authorizations are in full force and effect and there are no proceedings pending or, to the knowledge of BuyerNovation, threatened that seek the revocation, cancellation, suspension or adverse modification thereof. (c) There are no Governmental Orders applicable to Novation which have had a Novation Material Adverse Effect.

Appears in 1 contract

Samples: Merger Agreement (Novation Holdings Inc)

Compliance with Applicable Law and Regulatory Matters. i. i) Buyer has complied with all applicable laws and regulations, and are not in violation of, and have not received any written notices of violation with respect to, any laws and regulations in connection with the conduct of their respective businesses or the ownership or operation of their respective businesses, assets and properties, except for such noncompliance and violations as would not, individually or in the aggregate, be material. ii. ) Buyer has all licenses, permits, certificates, franchises and other authorizations (collectively, the “Authorizations”) necessary for the ownership or use of its assets and properties and the conduct of its business, as currently conducted, and have complied with, and are not in violation of, any Authorization, except where such noncompliance or violation would not, individually or in the aggregate, be material. Except as would not be material to Buyer, all such Authorizations are in full force and effect and there are no proceedings pending or, to the knowledge of Buyer, threatened that seek the revocation, cancellation, suspension or adverse modification thereof.

Appears in 1 contract

Samples: Share Purchase Agreement (First Liberty Power Corp)

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