Compliance with Law; Permits and Other Operating Rights. The assets, properties, business and operations of the Company are and have been in compliance in all respects with all Laws applicable to their respective assets, properties, business and operations, except where the failure to comply would not have a Material Adverse Effect on the Company. The Company possesses all permits, licenses and other authorizations from all Authorities necessary to permit it to operate its business in the manner in which it presently is conducted and the consummation of the transactions contemplated by this Agreement will not prevent the Company from being able to continue to use such permits and operating rights, except where any such failure would not have a Material Adverse Effect on the Company. The Company has not received written notice of any violation of any such applicable Law or is in default with respect to any order, writ, judgment, award, injunction or decree of any Authority.
Appears in 5 contracts
Samples: Securities Exchange Agreement (Feng Fei), Securities Exchange Agreement (Apex Capital Group Inc), Securities Exchange Agreement (Zhang Zhiqiang)
Compliance with Law; Permits and Other Operating Rights. The assets, properties, business and operations of the Company are and have been in compliance in all respects with all Laws applicable to their respective the Company's assets, properties, business and operations, except where the failure to comply would not have a Material Adverse Effect on the CompanyEffect. The Company possesses all material permits, licenses and other authorizations from all Authorities necessary to permit it to operate its business in the manner in which it presently is conducted and the consummation of the transactions contemplated by this Agreement will not prevent the Company from being able to continue to use such permits and operating rights, except where any such failure would not have a Material Adverse Effect on the Company. The Company has not received written notice of any violation of any such applicable Law or Law, and is not in default with respect to any order, writ, judgment, award, injunction or decree of any Authority.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Settex PLC), Stock Purchase Agreement (Microsmart Devices, Inc.)
Compliance with Law; Permits and Other Operating Rights. The assets, properties, business and operations of the Company are and have been in compliance in all respects with all Laws applicable to their its respective assets, properties, business and operations, except where the failure to comply would not have a Material Adverse Effect on the Company. The Company possesses all permits, licenses and other authorizations from all Authorities necessary to permit it to operate its business in the manner in which it presently is conducted and the consummation of the transactions contemplated by this Agreement will not prevent the Company from being able to continue to use such permits and operating rights, except where any such failure would not have a Material Adverse Effect on the Company. The Company has not received written notice of any violation of any such applicable Law or is in default with respect to any order, writ, judgment, award, injunction or decree of any Authority.
Appears in 1 contract
Samples: Securities Exchange Agreement (Power of the Dream Ventures Inc)
Compliance with Law; Permits and Other Operating Rights. The assetsAssets, properties, business and operations of the Company are and have been in compliance in all respects with all Laws applicable to their respective the Company's assets, properties, business and operations, except where the failure to comply would not have a Material Adverse Effect on the CompanyEffect. The Company possesses all material permits, licenses and other authorizations from all Authorities necessary to permit it to operate its business in the manner in which it presently is conducted and the consummation of the transactions contemplated by this Agreement will not prevent the Company from being able to continue to use such permits and operating rights, except where any such failure would not have a Material Adverse Effect on the Company. The Company has not received written notice of any violation of any such applicable Law or Law, and is not in default with respect to any order, writ, judgment, award, injunction or decree of any Authority.
Appears in 1 contract