Common use of Governmental Actions/Filings Clause in Contracts

Governmental Actions/Filings. Buyer has been granted and holds, and has made, all Governmental Actions/Filings necessary to the conduct by Buyer of its businesses (as presently conducted) or used or held for use by Buyer, all of which are listed in Schedule 4.21 hereto, and true, complete and correct copies of which have heretofore been delivered to Company. Each such Governmental Action/Filing is in full force and effect and, expect as disclosed in Schedule 4.21 hereto, will not expire prior to June 30, 2005, and Buyer is in compliance with all of its obligations with respect thereto. No event has occurred and is continuing which requires or permits, or after notice or lapse of time or both would require or permit, and consummation of the transactions contemplated by this Agreement or the ancillary documents will not require or permit (with or without notice or lapse of time, or both), any modification or termination of any such Governmental Actions/Filings. Except as set forth in Schedule 4.21, no Governmental Action/Filing is necessary to be obtained, secured or made by Buyer to enable it to continue to conduct its businesses and operations and use its properties after the Closing in a manner which is consistent with current practice.

Appears in 2 contracts

Samples: Share Exchange Agreement (Sunningdale, Inc.), Share Exchange Agreement (Sunningdale, Inc.)

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Governmental Actions/Filings. Buyer has The Parent Guarantor, the Company and their Subsidiaries have been granted and holdshold, and has have made, all Governmental Actions/Filings necessary for the Loan Parties to the conduct by Buyer of its businesses (own, lease and operate their properties or to carry on their business as it is now being conducted and as presently proposed to be conducted) or used or held for use by Buyer, all of which are listed in Schedule 4.21 hereto, and true, complete and correct copies of which have heretofore been delivered to Company. Each such Governmental Action/Filing is in full force and effect and, expect except as disclosed set forth in Schedule 4.21 heretoSection 4.18 of the Company Disclosure Schedules, will not expire prior to June 30December 31, 20052006, and Buyer is the Loan Parties are in compliance with all of its their obligations with respect thereto. No event has occurred and is continuing which requires or permits, or after notice or lapse of time or both would require or permit, and consummation of the transactions contemplated by this Agreement or the any ancillary documents will not require or permit (with or without notice or lapse of time, or both), any modification or termination of any such Governmental Actions/Filings. Except as set forth in Schedule 4.21Section 4.18 of the Company Disclosure Schedules, no Governmental Action/Filing is necessary to be obtained, secured or made by Buyer the Loan Parties to enable it to continue to conduct its businesses and operations and use its properties after the Closing Date in a manner which is consistent with current practice.

Appears in 2 contracts

Samples: Loan Agreement (Israel Technology Acquisition Corp.), Loan Agreement (Israel Technology Acquisition Corp.)

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Governmental Actions/Filings. Buyer Parent has been granted and holds, and has made, all Governmental Actions/Filings necessary to the conduct by Buyer Parent of its businesses (as presently conducted) or used or held for use by BuyerParent, all of which are listed in Schedule 4.21 3.21 hereto, and true, complete and correct copies of which have heretofore been delivered to the Company. Each such Governmental Action/Filing is in full force and effect and, expect as disclosed in Schedule 4.21 3.21 hereto, will not expire prior to June 30December 31, 20052006, and Buyer Parent is in compliance with all of its obligations with respect thereto. No event has occurred and is continuing which requires or permits, or after notice or lapse of time or both would require or permit, and consummation of the transactions contemplated by this Agreement or the ancillary documents will not require or permit (with or without notice or lapse of time, or both), any modification or termination of any such Governmental Actions/Filings. Except as set forth in Schedule 4.213.21, to Parent's knowledge, no Governmental Action/Filing is necessary to be obtained, secured or made by Buyer Parent to enable it to continue to conduct its businesses and operations and use its properties after the Closing in a manner which is consistent with current practice.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Multi Link Telecommunications Inc)

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