Compliance with Laws; Regulatory Approvals. Since August 4, 1999, the businesses of the Company and its Significant Subsidiaries have been conducted, and the businesses of the Company and its Significant Subsidiaries currently are being conducted, in compliance with all applicable Laws in all material respects. Since August 4, 1999, all material Regulatory Approvals required by the Company and its Significant Subsidiaries to conduct their respective businesses have been obtained, and all material Regulatory Approvals required by the Company and its Significant Subsidiaries to conduct their respective businesses as now conducted by them are in full force and effect. The Company and its Significant Subsidiaries are in compliance with the terms and requirements of such Regulatory Approvals in all material respects. Except such that would not, individually or in the aggregate, have a Material Adverse Effect, none of the Company or any of its Significant Subsidiaries has received any written notice or other written communication from or on behalf of any Governmental Entity regarding (i) any prior, pending, threatened or possible revocation, withdrawal, suspension, termination or modification of, or the imposition of any material conditions with respect to, any Regulatory Approval, except for any such revocation, withdrawal, suspension, termination, modification or condition that would not have a Material Adverse Effect, (ii) any material violation of any Law by the Company or any such Subsidiary, (iii) any prior, pending, threatened or possible investigation involving or otherwise relating to any material Regulatory Approval or (iv) any other limitations on the conduct of business by the Company or any such Subsidiary that would have a Material Adverse Effect.
Appears in 1 contract
Compliance with Laws; Regulatory Approvals. Since August 4, 1999Except as disclosed in the SEC Reports and except for matters which in the aggregate would not have a Material Adverse Effect, the businesses operations of the Company and its Significant Subsidiaries have been conducted, and the businesses of the Company and its Significant Subsidiaries currently are being conducted, conducted in compliance with all applicable Laws Laws. Neither the Company nor any Subsidiary has received written notice of any material violation (or of any investigation, inspection, audit, or other proceeding by any Governmental Entity involving allegations of any violation) of any Law, nor has the Company received written notice that it is in material default with respect to any Law. Except for matters which in the aggregate, as would not have a Material Adverse Effect, (a) all material respects. Since August 4, 1999, all material Regulatory Approvals required by the Company and its Significant Subsidiaries to conduct their respective businesses have been obtained, and all material Regulatory Approvals required by the Company and its Significant Subsidiaries to conduct their respective businesses business as now conducted by them have been obtained and are in full force and effect. The , (b) the Company and its Significant Subsidiaries are in compliance with the terms and requirements of such Regulatory Approvals, and (c) to the knowledge of the Company, no event has occurred which constitutes, or with due notice or lapse of time or both may constitute, a material default by the Company or any Subsidiary under any Regulatory Approval. No Regulatory Approvals obtained by the Company will in all material respects. Except any way be affected by, or terminate or lapse by reason of, the transactions contemplated by this Agreement or any of the other Company Agreements, except for such that Regulatory Approvals as would not, individually or in the aggregate, have a Material Adverse Effect, none of the Company or any of its Significant Subsidiaries has received any written notice or other written communication from or on behalf of any Governmental Entity regarding (i) any prior, pending, threatened or possible revocation, withdrawal, suspension, termination or modification of, or the imposition of any material conditions with respect to, any Regulatory Approval, except for any such revocation, withdrawal, suspension, termination, modification or condition that would not have a Material Adverse Effect, (ii) any material violation of any Law by the Company or any such Subsidiary, (iii) any prior, pending, threatened or possible investigation involving or otherwise relating to any material Regulatory Approval or (iv) any other limitations on the conduct of business by the Company or any such Subsidiary that would have a Material Adverse Effect.
Appears in 1 contract
Samples: Series B Stock Purchase and Warrant Agreement (Pharmanetics Inc)
Compliance with Laws; Regulatory Approvals. Since August 4, 1999Except as disclosed in the SEC Reports and except for matters which in the aggregate would not have a Material Adverse Effect, the businesses operations of the Company and its Significant Subsidiaries have been conducted, and the businesses of the Company and its Significant Subsidiaries currently are being conducted, conducted in compliance with all applicable Laws Laws. Neither the Company nor any Subsidiary has received written notice of any material violation (or of any investigation, inspection, audit, or other proceeding by any Governmental Entity involving allegations of any violation) of any Law. Except for matters which in the aggregate, as would not have a Material Adverse Effect, (a) all material respects. Since August 4, 1999, all material Regulatory Approvals required by the Company and its Significant Subsidiaries to conduct their respective businesses have been obtained, and all material Regulatory Approvals required by the Company and its Significant Subsidiaries to conduct their respective businesses business as now conducted by them have been obtained and are in full force and effect. The , (b) the Company and its Significant Subsidiaries are in compliance with the terms and requirements of such Regulatory Approvals, and (c) to the Knowledge of the Company, no event has occurred which constitutes, or with due notice or lapse of time or both may constitute, a material default by the Company or any Subsidiary under any Regulatory Approval. No Regulatory Approvals obtained by the Company will in all material respects. Except any way be affected by, or terminate or lapse by reason of, the transactions contemplated by this Agreement or any of the other Company Agreements, except for such that Regulatory Approvals as would not, individually or in the aggregate, have a Material Adverse Effect. Since January 1, none of the Company or any of its Significant Subsidiaries has received any written notice or other written communication from or on behalf of any Governmental Entity regarding 2001, (i) any prior, pending, threatened the Common Stock has been designated for quotation or possible revocation, withdrawal, suspension, termination or modification of, or listed on the imposition of any material conditions with respect to, any Regulatory Approval, except for any such revocation, withdrawal, suspension, termination, modification or condition that would not have a Material Adverse EffectNasdaq National Market, (ii) any material violation of any Law trading in the Common Stock has not been suspended by the Company Commission or any such Subsidiary, the Nasdaq National Market and (iii) any prior, pending, threatened or possible investigation involving or otherwise relating to any material Regulatory Approval or (iv) any other limitations on the conduct of business by the Company has received no communication, written or any such Subsidiary that would have a Material Adverse Effectoral, from the SEC or the Nasdaq National Market regarding the suspension or delisting of the Common Stock from the Nasdaq National Market.
Appears in 1 contract
Samples: Series a Stock Purchase Agreement (New Horizons Worldwide Inc)
Compliance with Laws; Regulatory Approvals. Since August 4, 1999Except as disclosed in the SEC Reports and except for matters which individually or in the aggregate would not have a Material Adverse Effect, the businesses operations of the Company and its Significant Subsidiaries have been conducted, and the businesses of the Company and its Significant Subsidiaries currently are being conducted, conducted in compliance with all applicable Laws Laws. Neither the Company nor any Subsidiary has received written notice of any material violation (or of any investigation, inspection, audit, or other proceeding by any Governmental Entity involving allegations of any violation) of any Law. Except for matters which individually or in the aggregate would not have a Material Adverse Effect, (a) all material respects. Since August 4, 1999, all material Regulatory Approvals required by the Company and its Significant Subsidiaries to conduct their respective businesses have been obtained, and all material Regulatory Approvals required by the Company and its Significant Subsidiaries to conduct their respective businesses business as now conducted by them have been obtained and are in full force and effect. The , (b) the Company and its Significant Subsidiaries are in compliance with the terms and requirements of such Regulatory Approvals, and (c) to the Knowledge of the Company, no event has occurred which constitutes, or with due notice or lapse of time or both may constitute, a material default by the Company or any Subsidiary under any Regulatory Approval. No Regulatory Approvals obtained by the Company will in all material respects. Except any way be affected by, or terminate or lapse by reason of, the transactions contemplated by this Agreement or any of the other Company Agreements, except for such Regulatory Approvals that would not, individually or in the aggregate, have a Material Adverse Effect, none of the Company or any of its Significant Subsidiaries has received any written notice or other written communication from or on behalf of any Governmental Entity regarding (i) any prior, pending, threatened or possible revocation, withdrawal, suspension, termination or modification of, or the imposition of any material conditions with respect to, any Regulatory Approval, except for any such revocation, withdrawal, suspension, termination, modification or condition that would not have a Material Adverse Effect, (ii) any material violation of any Law by the Company or any such Subsidiary, (iii) any prior, pending, threatened or possible investigation involving or otherwise relating to any material Regulatory Approval or (iv) any other limitations on the conduct of business by the Company or any such Subsidiary that would have a Material Adverse Effect.
Appears in 1 contract
Samples: Series C Stock and Warrant Purchase Agreement (New Horizons Worldwide Inc)