Common use of Legal Proceedings; Governmental Orders Clause in Contracts

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s Knowledge, threatened against or by a Seller in excess of $30,000 (a) relating to or affecting the Purchased Business, the Purchased Assets or the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (Continental Materials Corp)

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Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a4.16(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s 's Knowledge, threatened against or by a Seller in excess of $30,000 (a) relating to or affecting the Purchased Business, the Purchased Assets or the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No To the Knowledge of Sellers, no event has occurred or circumstances exist that may would give rise to, or serve as a basis for, any such Action, including without limitation, by any Material Customer or Material Supplier.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hudson Global, Inc.)

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a4.16(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s 's Knowledge, threatened against or by a Seller in excess of $30,000 (a) relating to or affecting the Purchased Business, the Purchased Assets or the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No To Seller's Knowledge, no event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avant Diagnostics, Inc)

Legal Proceedings; Governmental Orders. (a) Except as set forth in on Section 3.16(a4.16(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s Knowledge, threatened against or by a Seller in excess of $30,000 Seller: (ai) relating to or affecting the Purchased Business, the Purchased Assets or the Assumed Liabilities; or (bii) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No To the Knowledge of Seller, no event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (Crown Crafts Inc)

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a) 4.10 of the Disclosure Schedules, there are no Actions pending or, to a Seller’s Knowledge, threatened against or by a Seller in excess of $30,000 (a) relating to or affecting the Purchased BusinessProject, the Purchased Assets or the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No Except as set forth in Section 4.10 of the Disclosure Schedules, no event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (Timmins Gold Corp.)

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a4.16(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s Knowledge, threatened against or by a Seller in excess of $30,000 (a) relating to or affecting the Purchased Business, the Purchased Assets or the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No To the Knowledge of Sellers, no event has occurred or circumstances exist that may would give rise to, or serve as a basis for, any such Action, including without limitation, by any Material Customer or Material Supplier.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mastech Holdings, Inc.)

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a4.14(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s Knowledge, threatened against or by a Seller in excess of $30,000 (a) relating to or affecting the Purchased Business, the Purchased Assets or the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No To the Knowledge of Seller, no event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (Home Bancshares Inc)

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a4.14(a) of the Disclosure Schedules, there are no material Actions pending or, to a Seller’s Knowledge, threatened against or by a Seller in excess of $30,000 (a) relating to or affecting the Purchased Business, including the Purchased Assets or and the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No ; or (c) to Seller’s Knowledge, no event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (RMR Industrials, Inc.)

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a4.16(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s 's Knowledge, threatened against or by a Seller in excess of $30,000 (a) relating to or affecting the Purchased Business, the Purchased Assets or the Assumed Liabilities; Liabilities or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No To Seller's Knowledge, no event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (SMTP, Inc.)

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Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a4.14(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s Sellers’ Knowledge, threatened against or by a any Seller in excess of $30,000 (ai) relating to or affecting the Purchased BusinessBusiness as it relates to the Acquired Franchisees, the Purchased Assets or the Assumed Liabilities; or (bii) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (HireQuest, Inc.)

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a4.12(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s Knowledge, threatened against or by a Seller in excess of $30,000 (a) relating to or affecting the Purchased Business, the Purchased Business Assets or the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No To Seller’s Knowledge, no event has occurred or circumstances exist exists that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (Smith Micro Software, Inc.)

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a4.15(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s Knowledge, threatened against or by a Seller in excess of $30,000 (a) relating to or affecting the Purchased Business, the Purchased Assets or the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No To Seller’s Knowledge, no event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bassett Furniture Industries Inc)

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(aSchedule 4.13(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s Knowledge, threatened against or by a Seller in excess of $30,000 (ai) relating to or affecting the Purchased Business, the Purchased Assets or the Assumed Liabilities; or (bii) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No To Seller’s Knowledge, no event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (Applied UV, Inc.)

Legal Proceedings; Governmental Orders. (a) Except as set forth in Section 3.16(a4.15(a) of the Disclosure Schedules, there are no Actions pending or, to a Seller’s Knowledge, threatened against or by a Seller in excess of $30,000 or any Acquired Entity (a) relating to or affecting the Purchased Business, the Purchased Assets or the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hunt J B Transport Services Inc)

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