Components Belgium Sample Clauses

Components Belgium. (a) Components Belgium has satisfied, and continues to satisfy, all requirements of any kind applicable to the eligibility for, the retention of, and the amount of, all subsidies and/or grants of which it is a beneficiary as a result of any investment and/or employment program or otherwise. The eligibility for, the retention of, and the amounts of, such subsidies and/or grants will not be adversely affected by any of the transactions contemplated by the Agreement. Litigation and Regulatory Matters (a) No Acquired Company is engaged in nor, so far as any of the Perstorp Vendor Group is aware, has any Acquired Company been threatened with, any litigation, arbitration, claims or administrative or other proceedings, which (i) alone or with any series of related or similar matters, seeks damages in an amount in excess of $50,000 or (ii) seeks to make any Acquired Company subject to any order, writ, injunction or decree of any Governmental Authority or other restriction on the conduct of its business. No Acquired Company is subject to any order, writ, injunction or decree or any unsatisfied award or judgment. (b) The Acquired Companies and Perstorp France (in respect of the French Branch) conduct and have conducted their Business and corporate affairs in accordance with all applicable Laws in all material respects. (c) The Acquired Companies and Perstorp France (in respect of the French Branch) have obtained all Permits which are required for and are material to the carrying on of their Business in the places and the manner in which such Business is now carried on. Insurance
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Related to Components Belgium

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