Litigation and Compliance. (a) There are no actions, suits, claims, grievances, complaints or proceedings, whether in equity or at law or, any Governmental investigations to the knowledge of Canadian Arrow pending or threatened: (i) against or affecting Canadian Arrow or with respect to or affecting any asset or property owned, leased or used by Canadian Arrow; or (ii) which question or challenge the validity of this Agreement or the Arrangement or any action taken or to be taken pursuant to this Agreement or the Arrangement; nor is Canadian Arrow aware of any basis for any such action, suit, claim, proceeding, grievance, complaint or investigation. (b) Canadian Arrow has conducted and is conducting its business in compliance with, and is not in default or violation under, and has not received notice asserting the existence of any default or violation under, any Law applicable to its business or operations, except for non-compliance, defaults and violations which would not, in the aggregate, have a Material Adverse Effect on Canadian Arrow. (c) Neither Canadian Arrow, nor any asset of Canadian Arrow is subject to any judgment, order or decree entered in any lawsuit or proceeding which has had, or which is reasonably likely to have, a Material Adverse Effect on Canadian Arrow or which is reasonably likely to prevent Canadian Arrow from performing its obligations under this Agreement. (d) Canadian Arrow has duly filed or made all reports and returns required to be filed by it with any Government and has obtained all permits, licenses, consents, approvals, certificates, registrations and authorizations (whether Governmental, regulatory or otherwise) which are required in connection with its business and operations, except where the failure to do so has not had and would not reasonably be expected to have a Material Adverse Effect on Canadian Arrow.
Appears in 2 contracts
Samples: Arrangement Agreement, Arrangement Agreement
Litigation and Compliance. (a) There are no material actions, suits, claims, grievances, complaints or proceedings, whether in equity or at law or, any Governmental investigations pending or, to the knowledge of Canadian Arrow pending or Tartisan, threatened:
(i) against or affecting Canadian Arrow Tartisan or with respect to or affecting any asset or property owned, leased or used by Canadian ArrowTartisan; or
(ii) which question or challenge the validity of this Agreement or the Arrangement or any action taken or to be taken pursuant to this Agreement or the Arrangement; , nor is Canadian Arrow Tartisan aware of any basis for any such action, suit, claim, proceeding, grievance, complaint or investigation.
(b) Canadian Arrow Tartisan has conducted and is conducting its business in compliance with, and is not in default or violation under, and has not received notice asserting the existence of any default or violation under, any Law applicable to its business or operations, except for non-compliance, defaults and violations which would not, in the aggregate, have a Material Adverse Effect on Canadian ArrowTartisan.
(c) Neither Canadian ArrowTartisan, nor any asset of Canadian Arrow Tartisan is subject to any judgment, order or decree entered in any lawsuit or proceeding which has had, or which is reasonably likely to have, a Material Adverse Effect on Canadian Arrow Tartisan or which is reasonably likely to prevent Canadian Arrow Tartisan from performing its obligations under this Agreement.
(d) Canadian Arrow Tartisan has duly filed or made all reports and returns required to be filed by it with any Government and has obtained all permits, licenses, consents, approvals, certificates, registrations and authorizations (whether Governmental, regulatory or otherwise) which are required in connection with its business and operations, except where the failure to do so has not had and would not reasonably be expected to have a Material Adverse Effect on Canadian ArrowTartisan.
Appears in 2 contracts
Samples: Arrangement Agreement, Arrangement Agreement
Litigation and Compliance. (a) There are no actions, suits, claims, grievances, complaints claims or proceedings, whether in equity or at law or, any Governmental investigations pending or, to the knowledge of Canadian Arrow pending or Harvest, threatened:
(i) against or affecting Harvest, Canadian Arrow Fxxxx or US Fxxxx or with respect to or affecting any asset or property owned, leased or used by Harvest, Canadian ArrowFxxxx or US Fxxxx; or
(ii) which question or challenge the validity of this Agreement Agreement, or the Arrangement Business Combination or any action taken or to be taken pursuant to this Agreement Agreement, or the ArrangementBusiness Combination; except for actions, suits, claims or proceedings which would not, in the aggregate, have a Material Adverse Effect on Harvest nor is Canadian Arrow Harvest aware of any basis for any such action, suit, claim, proceeding, grievance, complaint proceeding or investigationinvestigation .
(b) Canadian Arrow Other than in respect of laws of the United States Federal government relating to cannabis and its derivatives, Harvest has conducted and is conducting its business in compliance with, and is not in default or violation under, and has not received notice asserting the existence of any default or violation under, any Law applicable to its business or operations, except for non-compliance, defaults and violations which would not, in the aggregate, have a Material Adverse Effect on Canadian ArrowHarvest.
(c) Neither Canadian ArrowHarvest, nor any asset of Canadian Arrow Harvest is subject to any judgment, order or decree entered in any lawsuit or proceeding which has had, or which is reasonably likely to have, a Material Adverse Effect on Canadian Arrow Harvest or which is reasonably likely to prevent Canadian Arrow Harvest from performing its obligations under this Agreement.
(d) Canadian Arrow Harvest has duly filed or made all reports and returns required to be filed by it with any Government and has obtained all permits, licenses, consents, approvals, certificates, registrations and authorizations (whether Governmental, regulatory or otherwise) which are required in connection with its business and operations, except where the failure to do so has not had and would not reasonably be expected to have a Material Adverse Effect on Canadian ArrowHarvest.
Appears in 1 contract
Samples: Business Combination Agreement (Harvest Health & Recreation Inc.)