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Common use of Legal Proceedings and Orders Clause in Contracts

Legal Proceedings and Orders. Except as set forth in Schedule 5.14 or, individually or in the aggregate, as would not reasonably be expected to have a Material Adverse Effect, there are no Claims relating to the Purchased Assets or the Business, which are pending or, to Seller’s Knowledge, threatened against Seller. Except for any Regulatory Orders, as set forth in Schedule 5.14 or as individually or in the aggregate would not reasonably be expected to have a Material Adverse Effect, Seller is not subject to any outstanding Orders that would reasonably be expected to apply to the Purchased Assets or the Business following Closing.

Appears in 6 contracts

Sources: Partnership Interests Purchase Agreement, Asset Purchase Agreement, Partnership Interests Purchase Agreement (Black Hills Corp /Sd/)

Legal Proceedings and Orders. Except as set forth in Schedule 5.14 or, individually or in the aggregate, as would not reasonably be expected to have a Material Adverse Effect5.10, there are no Claims relating to the Purchased Assets Assets, the Business or the Business, Assumed Obligations which are pending or, to Seller’s Knowledge, threatened against Seller. Except for any Regulatory OrdersSeller which, as set forth in Schedule 5.14 or as individually or in the aggregate aggregate, have had or would not reasonably be expected to have a Material Adverse Effect. Except for any Regulatory Orders, or as set forth in Schedule 5.10, Seller is not subject to any outstanding Orders that would reasonably be expected to apply to the Purchased Assets Assets, the Business or the Business Assumed Obligations following ClosingClosing that would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Asset Purchase Agreement (Public Service Co of New Mexico)

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