Common use of Compliance With Laws; Licenses, Etc Clause in Contracts

Compliance With Laws; Licenses, Etc. Other than as set forth in the Company’s filings with the SEC and the Disclosure Schedule, neither the Company nor any Subsidiary has received notice of any violation of or noncompliance with any federal, state, local or foreign, laws, ordinances, regulations and orders applicable to its business which has not been cured, the violation of, or noncompliance with which, would have a materially adverse effect on the business or operations of the Company or any Subsidiary. To the knowledge of the Company, each of the Company and the Subsidiaries has all licenses and permits and other governmental certificates, authorizations and permits and approvals (collectively, “Licenses”) required by every federal, state and local government or regulatory body for the operation of its business as currently conducted and the use of its properties, except where the failure to be licensed would not have a material adverse effect on the business of the Company or any Subsidiary. The Licenses are in full force and effect and no violations are or have been recorded in respect of any License and no proceeding is pending or threatened to revoke or limit any thereof.

Appears in 4 contracts

Samples: Stock Purchase Agreement (MDI Investments, LLC), Stock Purchase Agreement (MDI Investments, LLC), Stock Purchase Agreement (Mdi, Inc.)

AutoNDA by SimpleDocs

Compliance With Laws; Licenses, Etc. Other than Except as set forth in the Company’s filings with the SEC and the Disclosure ScheduleOffering Documents, neither the Company nor any Subsidiary has the Subsidiaries have received notice of any violation of or noncompliance with any federalFederal, state, local or foreign, laws, ordinances, regulations and orders applicable to its respective business which has not been cured, the violation of, or noncompliance with which, would reasonably be expected to have a materially adverse effect on the business or operations of the Company or any Subsidiaryand the Subsidiaries, taken as a whole. To the knowledge of the Company, each Each of the Company and the Subsidiaries has have all licenses and permits and other governmental certificates, authorizations and permits and approvals (collectively, "Licenses") required by every federalFederal, state and local government or regulatory body for the operation of its their respective business as currently conducted and the use of its properties, except where the failure to be licensed would not have a material adverse effect on the business of the Company or any Subsidiaryand the Subsidiaries, taken as a whole. The Licenses are in full force and effect and no violations are or have been recorded in respect of any License and no proceeding is pending or or, to the knowledge of the Company, threatened to revoke or limit any thereof.

Appears in 2 contracts

Samples: Agency Agreement (Accumed International Inc), Agency Agreement (Accumed 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!