Common use of Litigation and Arbitration Clause in Contracts

Litigation and Arbitration. Except as set forth on Schedule 3.20(a) hereto, there is no suit, claim, action or proceeding now pending or, to the knowledge of each Seller Group Person, threatened before any court, grand jury, administrative or regulatory body, Government agency, arbitration or mediation panel or similar body, nor, to the knowledge or each Seller Group Person, are there any grounds therefor, to which a Seller Group Person, in connection with the Business, or a Purchased Entity is a party or which may result in any judgment, order, decree, liability, award or other determination which will, or could, have any material adverse effect upon any Purchased Asset or the assets of any Purchased Entity or upon the Business Condition of the Business. Except as set forth on Schedule 3.20(b) hereto, no such judgment, order, decree or award has been entered against any Seller Group Person nor has any such liability been incurred which has, or could have, such effect. There is no claim, action or proceeding now pending or, to the knowledge of each Seller Group Person, threatened before any court, grand jury, administrative or regulatory body, Government agency, arbitration or mediation panel or similar body which will, or could, prevent or hamper the consummation of the transactions contemplated by this Agreement, and none of the Seller Group Persons has been, nor, to the knowledge or each Seller Group Person, been threatened to be subject to, and, to the knowledge of each Seller Group Person, there are no grounds for, any suit, claim, litigation, proceeding (administrative, judicial, or in arbitration, mediation or alternative dispute resolution), Government or grand jury investigation, or other action or order, writ, injunction, or decree of any court or other Government entity relating to personal injury, death, or property or economic damage arising from products of the Business entity.

Appears in 2 contracts

Samples: Acquisition Agreement (Schawk Inc), Acquisition Agreement (Esco Electronics Corp)

AutoNDA by SimpleDocs

Litigation and Arbitration. Except as set forth on Schedule 3.20(a) I ---------- hereto, there is no suit, claim, action or proceeding now pending or, to the best knowledge of each Seller Group PersonSeller, its officers and directors, threatened before any court, grand jury, administrative or regulatory body, Government government agency, arbitration or mediation panel or similar body, nor, to the knowledge or each Seller Group Person, nor are there any grounds therefortherefore, to which a Seller Group PersonSeller, in connection with the Business, officers or a Purchased Entity directors is a party or which may result in any judgment, order, decree, liability, award or other determination which will, or could, have any material adverse effect upon any Purchased Asset individually or in the assets of any Purchased Entity or upon the Business Condition of the Businessaggregate, result in a Material Adverse Change. Except as set forth on Schedule 3.20(b) hereto, no No such judgment, order, decree or award has been entered against any Seller Group Person nor has any such liability been incurred which has, or could have, such effect. There is no claim, action or proceeding now pending or, to the knowledge of each Seller Group Person, or threatened before any court, grand jury, administrative or regulatory body, Government government agency, arbitration or mediation panel or similar body which will, or could, prevent or hamper the consummation of the transactions contemplated by this Agreement, Seller, its officers and none of the Seller Group Persons has been, nor, to the knowledge or each Seller Group Person, directors are not now nor have been threatened to be or subject to, and, to the knowledge of each Seller Group Person, and there are no grounds for, any suit, claim, litigation, proceeding (administrative, judicial, or in arbitration, mediation or alternative dispute resolution), Government government or grand jury investigation, or other action or order, writ, injunction, or decree of any court or other Government entity relating to personal injury, death, or property or economic damage arising from products of the Business entitySeller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (VGTel, Inc.), Asset Purchase Agreement (VGTel, Inc.)

Litigation and Arbitration. Except as set forth on Schedule 3.20(a) I hereto, there is no suit, claim, action or proceeding now pending or, to the best knowledge of each Seller Group PersonSeller, its officers and directors, threatened before any court, grand jury, administrative or regulatory body, Government government agency, arbitration or mediation panel or similar body, nor, to the knowledge or each Seller Group Person, nor are there any grounds therefortherefore, to which a Seller Group PersonSeller, in connection with the Business, officers or a Purchased Entity directors is a party or which may result in any judgment, order, decree, liability, award or other determination which will, or could, have any material adverse effect upon any Purchased Asset individually or in the assets of any Purchased Entity or upon the Business Condition of the Businessaggregate, result in a Material Adverse Change. Except as set forth on Schedule 3.20(b) hereto, no No such judgment, order, decree or award has been entered against any Seller Group Person nor has any such liability been incurred which has, or could have, such effect. There is no claim, action or proceeding now pending or, to the knowledge of each Seller Group Person, or threatened before any court, grand jury, administrative or regulatory body, Government government agency, arbitration or mediation panel or similar body which will, or could, prevent or hamper the consummation of the transactions contemplated by this Agreement, Seller, its officers and none of the Seller Group Persons has been, nor, to the knowledge or each Seller Group Person, directors are not now nor have been threatened to be or subject to, and, to the knowledge of each Seller Group Person, and there are no grounds for, any suit, claim, litigation, proceeding (administrative, judicial, or in arbitration, mediation or alternative dispute resolution), Government government or grand jury investigation, or other action or order, writ, injunction, or decree of any court or other Government entity relating to personal injury, death, or property or economic damage arising from products of the Business entitySeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (New Medium Enterprises Inc)

AutoNDA by SimpleDocs

Litigation and Arbitration. Except as set forth on Schedule 3.20(a) 3.19 hereto, there is no suit, claim, action or proceeding now pending or, to the best knowledge of each Seller Group PersonSeller, threatened before any court, grand jury, administrative or regulatory body, Government agency, arbitration or mediation panel or similar body, nor, to the knowledge or each Seller Group Person, nor are there any grounds therefor, to which a any Seller Group Person, Person is a party in connection with the Business, or a Purchased Entity is a party Business or which may result in any judgment, order, decree, liability, award or other determination which will, or could, have any material adverse effect upon any Purchased Asset or the assets of any Purchased Entity or upon the Business Condition of the Business. Except as set forth on Schedule 3.20(b) hereto, no No such judgment, order, decree or award has been entered against any Seller Group Person nor has any such liability been incurred which has, or could have, such effect. There is no claim, action or proceeding now pending or, to the knowledge of each Seller Group Person, or threatened before any court, grand jury, administrative or regulatory body, Government agency, arbitration or mediation panel or similar body which will, or could, prevent or hamper the consummation of the transactions contemplated by this Agreement, and none of the Seller Group Persons has been, nor, to the knowledge not been or each Seller Group Person, been threatened to be subject to, and, to the knowledge of each Seller Group Person, and there are no grounds known to Seller for, any suit, claim, litigation, proceeding (administrative, judicial, or in arbitration, mediation or alternative dispute resolution), Government or grand jury investigation, or other action or order, writ, injunction, or decree of any court or other Government entity relating to personal injury, death, or property or economic damage arising from products of the Business entitySeller.

Appears in 1 contract

Samples: Acquisition Agreement (Carlyle Industries Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!