Common use of Compliance with Laws; Licenses Clause in Contracts

Compliance with Laws; Licenses. (a) Except as set forth in the SEC Reports filed with the Commission prior to the date hereof, neither the Company nor any of its Subsidiaries in the conduct of its business, is, or since December 31, 2011, has been, in violation of any Requirement of Law, or any judgments, orders, rulings, injunctions or decrees of a Governmental Authority (collectively, “Decrees”), applicable thereto or to the employees conducting such business, except for violations that, individually or in the aggregate, have not had and would not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Securities Purchase Agreement (You on Demand Holdings, Inc.), Securities Purchase Agreement (Beijing Sun Seven Stars Culture Development LTD), Securities Purchase Agreement (You on Demand Holdings, Inc.)

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Compliance with Laws; Licenses. (a) Except as set forth in the SEC Reports filed with the Commission prior to the date hereofhereof or as set forth on Schedule 3.10(a), neither the Company nor any of its Subsidiaries in the conduct of its business, is, or since December 31, 20112009, has been, in violation of any Requirement of Law, or any judgments, orders, rulings, injunctions or decrees of a Governmental Authority (collectively, “Decrees”), applicable thereto or to the employees conducting such business, except for violations that, individually or in the aggregate, have not had and would not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Series E Preferred Stock Purchase Agreement (You on Demand Holdings, Inc.), Series D Preferred Stock Purchase Agreement (You on Demand Holdings, Inc.)

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Compliance with Laws; Licenses. (a) Except as set forth in the SEC Reports filed with the Commission prior to the date hereofhereof or as set forth on Schedule 3.10(a), neither the Company nor any of its Subsidiaries in the conduct of its business, is, or since December 31, 20112009, has been, in violation of any Requirement of Law, or any judgments, orders, rulings, injunctions or decrees of a Governmental Authority (collectively, "Decrees"), applicable thereto or to the employees conducting such business, except for violations that, individually or in the aggregate, have not had and would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Series E Preferred Stock Purchase Agreement (You on Demand Holdings, Inc.)

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