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

Legal Compliance; Restrictions on Business Activities. Seller and the conduct and operations of the Business are in compliance in all material respects with each law (including rules, regulations and requirements thereunder) of any Governmental Entity which (a) affects or relates to this Agreement or the transactions contemplated hereby or (b) is applicable to Seller or the Business, unless such non-compliance would not have a Material Adverse Effect on Seller. There is no agreement, judgment, injunction, order or decree binding upon Seller which has or would reasonably be expected to have the effect of prohibiting or materially impairing the Business as currently conducted by Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Inphonic Inc), Asset Purchase Agreement (Inphonic Inc)

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Legal Compliance; Restrictions on Business Activities. Seller and the conduct and operations of the its Business are in compliance in all material respects 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 Seller or the Business, unless such non-compliance would not have a Material Adverse Effect on Seller. There is no agreement, judgment, injunction, order or decree binding upon Seller which has or would reasonably be expected to have the effect of prohibiting or materially impairing the Business as currently conducted by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Inphonic Inc)

Legal Compliance; Restrictions on Business Activities. Seller and the conduct and operations of the Business are in compliance in all material respects with each law (including rules, regulations and requirements thereunder) of any Governmental Entity which (a) affects or relates to this Agreement or the transactions *** Confidential Information has been omitted and filed separately with the Securities and Exchange Commission. contemplated hereby or (b) is applicable to Seller or the Business, unless such non-compliance would not have a Material Adverse Effect on Seller. There is no agreement, judgment, injunction, order or decree binding upon Seller which has or would reasonably be expected to have the effect of prohibiting or materially impairing the Business as currently conducted by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Inphonic Inc)

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Legal Compliance; Restrictions on Business Activities. Seller and the conduct and operations of the its Business are in compliance in all material respects with each law (including rules, regulations and requirements thereunder) of any Governmental Entity which (a) affects or relates to this Agreement or the transactions contemplated hereby or (b) is applicable to Seller or the Business, unless such non-compliance would not have a Material Adverse Effect on Seller. There is no agreement, judgment, injunction, order or decree binding upon Seller which has or would reasonably be expected to have the effect of prohibiting or materially impairing the Business as currently conducted by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Inphonic Inc)

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