Common use of Governmental Actions/Filings; Approvals Clause in Contracts

Governmental Actions/Filings; Approvals. Except as set forth in Schedule 2(a)(xxiii), the Company and/or the Affiliated Companies hold, and/or have made, all Governmental Actions/Filings and Approvals necessary for the conduct by the Company and the Affiliated Companies of their business (as presently conducted and to be conducted following the Closing and the closing of the Exchange Agreement), except with respect to any Governmental Actions/Filings and Approvals the failure of which to hold or make would not reasonably be likely to have a Material Adverse Effect on any of the Affiliated Companies.

Appears in 2 contracts

Samples: Placement Agreement (Wentworth Ii Inc), Placement Agreement (Applied Spectrum Technologies Inc)

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Governmental Actions/Filings; Approvals. Except as set forth in Schedule 2(a)(xxiii), the Company and/or the Affiliated Companies hold, and/or have made, all Governmental Actions/Filings and Approvals reasonably necessary for the conduct by the Company and the Affiliated Companies of their business (as presently conducted and to be conducted following the Closing and the closing of the Exchange Agreement), except with respect to any Governmental Actions/Filings and Approvals the failure of which to hold or make would not reasonably be likely to have a Material Adverse Effect on any of the Affiliated Companies.

Appears in 1 contract

Samples: Escrow Agreement (Cyber Merchants Exchange Inc)

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Governmental Actions/Filings; Approvals. Except as set forth in Schedule 2(a)(xxiii)3.21, the Company and/or the Affiliated Companies hold, and/or have made, all Governmental Actions/Filings and Approvals reasonably necessary for the conduct by the Company and the Affiliated Companies of their business (as presently conducted and to be conducted following the Closing and the closing of the Exchange AgreementClosing), except with respect to any Governmental Actions/Filings and Approvals the failure of which to hold or make would not reasonably be likely to have a Material Adverse Effect on any of the Affiliated Companies.

Appears in 1 contract

Samples: Exchange Agreement (Cyber Merchants Exchange Inc)

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