Common use of Legal Compliance; Restrictions on Business Activities Clause in Contracts

Legal Compliance; Restrictions on Business Activities. The Company and the conduct and operation of its business are in material compliance with each law (including rules, regulations and requirements thereunder) of any federal, state, local or foreign government or any Governmental Entity which (a) affects or relates to this Agreement or the transactions contemplated hereby or (b) is applicable to the Company or its business, except where such non-compliance would not reasonably be expected to have a Material Adverse Effect on the Company. There is no agreement, judgment, injunction, order or decree binding upon the Company which has or would reasonably be expected to have the effect of prohibiting or materially impairing any current or future business practice of the Company, as currently contemplated by the Company, and any acquisition of property of the Company or the conduct of business by the Company as currently conducted or proposed to be conducted.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Champions Biotechnology, Inc.), Agreement and Plan of Merger (Inferx Corp), Agreement and Plan of Merger (Inferx Corp)

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Legal Compliance; Restrictions on Business Activities. The Company and the conduct and operation operations of its business are in material compliance with each law (including rules, rules and regulations and requirements thereunder) of any federal, state, local or foreign government government, or any Governmental Entity Entity, which (a) affects or relates to this Agreement or the transactions contemplated hereby or (b) is applicable to the Company or its business, except where such non-compliance for any violation of or default which would not reasonably be expected to have a Material Adverse Effect on the Company. There is no agreement, judgment, injunction, order or decree binding upon the Company which has or would reasonably be expected to have the effect of prohibiting or materially impairing any current or future business practice of the Company, Company as currently contemplated by the Company, and any acquisition of property of the Company or the conduct of business by the Company as currently conducted or as proposed to be conductedconducted by the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Visual Networks Inc)

Legal Compliance; Restrictions on Business Activities. The Company and the conduct and operation operations of its business are in material compliance with each law (including rules, regulations and requirements thereunder) of any federal, state, local or foreign government or any Governmental Entity which (a) affects or relates to this Agreement or the transactions contemplated hereby or (b) is applicable to the Company or its businessbusinesses, except except, in each case, where such non-compliance would not reasonably be expected to have a Material Adverse Effect on the Company. There is no agreement, judgment, injunction, order or decree binding upon the Company which has or would reasonably be expected to have the effect of prohibiting or materially impairing any current or future business practice of the Company, as currently contemplated by the Company, and any acquisition of property of the Company or the conduct of its business by the Company as currently conducted or proposed to be conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Networth Technologies, Inc.)

Legal Compliance; Restrictions on Business Activities. The Company and the conduct and operation operations of its business are in material compliance with each law (including rules, rules and regulations and requirements thereunder) of any federal, state, local or foreign government government, or any Governmental Entity Entity, which (a) affects or relates to this Agreement or the transactions contemplated hereby or (b) is applicable to the Company or its business, except where such non-compliance for any violation of or default which would not reasonably be expected to have a Material Adverse Effect on the Company. There is no agreement, judgment, injunction, order or decree binding upon the Company which has or would reasonably be expected to have the effect of prohibiting or materially impairing any current or future business practice of the Company, Company as currently contemplated by the Company, and any acquisition of property of the Company or the conduct of business by the Company as currently conducted or proposed to be conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Visual Networks Inc)

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Legal Compliance; Restrictions on Business Activities. The Company and the conduct and operation of its their business are in material compliance with each law (including rules, regulations and requirements thereunder) of any federal, state, local or foreign government or any Governmental Entity which (a) affects or relates to this Agreement or the transactions contemplated hereby or (b) is applicable to the Company or its businessbusinesses, except except, in each case, where such non-compliance would not reasonably be expected to have a Material Adverse Effect on the Company. There is no agreement, judgment, injunction, order or decree binding upon the Company which has or would reasonably be expected to have the effect of prohibiting or materially impairing any current or future business practice of the Company, as currently contemplated by the Company, and any acquisition of property of the Company or the conduct of business by the Company as currently conducted or proposed to be conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fonon Corp)

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