Common use of Legal and Other Compliance Clause in Contracts

Legal and Other Compliance. Sellers is in compliance with all applicable Legal Requirements relating to the conduct of the Business and the Acquired Assets, the violation of which would have a Material Adverse Effect, and no action has been filed or commenced or, to Sellers's Knowledge, threatened against it alleging any failure so to comply. Without limiting the generality of the foregoing, Sellers shall or does not have to comply with the provisions of any bulk transfer laws of any jurisdiction in connection with the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Amended Asset Purchase Agreement (Nova Mining Corp), Asset Purchase Agreement (Nova Mining Corp)

AutoNDA by SimpleDocs

Legal and Other Compliance. Sellers Seller is in compliance in all material respects with all applicable Legal Requirements relating Applicable Laws that are related to or necessary for the conduct operation of the Business and the Acquired Assets, the violation of which would have a Material Adverse Effect, and no action Business. No Action or Proceeding has been filed or commenced or, to Sellers's Knowledge, the Knowledge of Seller threatened against it Seller alleging any failure so to comply. Without limiting , nor, to the generality Knowledge of the foregoing, Sellers shall or does not have to comply with the provisions of Seller is there any bulk transfer laws of any jurisdiction in connection with the transactions contemplated by this Agreementreasonable basis therefor.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ikanos Communications), Asset Purchase Agreement (Ikanos Communications)

Legal and Other Compliance. Sellers The Seller is in compliance with all applicable Legal Requirements relating to the conduct of the Business and the Acquired AssetsBusiness, the violation of which would could have a Material Adverse Effect, and no action Action has been filed or commenced or, to Sellers's Knowledgethe Knowledge of the Seller, threatened against it alleging any failure so to comply. Without limiting the generality of the foregoing, Sellers shall or does not have to comply with the provisions of any bulk transfer laws of any jurisdiction in connection with the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Digital Generation Systems Inc)

AutoNDA by SimpleDocs

Legal and Other Compliance. Sellers Seller is in compliance with all applicable Legal Requirements relating to the conduct of the Business and the Acquired Assets, the violation of which would have a Material Adverse Effect, and no action has been filed or commenced or, to Sellers's Seller’s Knowledge, threatened against it alleging any failure so to comply. Without limiting the generality of the foregoing, Sellers Seller shall or does not have to comply with the provisions of any bulk transfer laws of any jurisdiction in connection with the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Greetings Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.