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

Samples: Partnership Interests Purchase Agreement (Black Hills Corp /Sd/), Asset Purchase Agreement, Asset Purchase Agreement (Aquila Inc)

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