Common use of Litigation and Disputes Clause in Contracts

Litigation and Disputes. 23.1 Except for actions to recover any debt incurred in the ordinary course of the business owed to the Company where each individual debt and its costs outstanding amounts to less than (pound)1,000: (a) The Company is not nor is any person for whose acts the Company may be liable engaged in any litigation, arbitration, administrative or criminal proceedings, whether as plaintiff, defendant or otherwise; (b) no litigation, arbitration, administrative or criminal proceedings by or against the Company or any person for whose acts the Company may be liable are threatened or expected and, as far as the Shareholders are aware, none are pending; and (c) there are no facts or circumstances likely to give rise to any litigation, arbitration, administrative or criminal proceedings against the Company or any person for whose acts the Company may be liable. 23.2 The Company is not subject to any order or judgement given by any court or governmental or other authority, department, board, body or agency or has not been a party to any undertaking or assurance given to any court or governmental or other authority, department, board, body or agency which is still in force, nor are there any facts or circumstances likely to give rise to the Company becoming subject to such an order or judgement or to be a party to any such undertaking or assurance.

Appears in 2 contracts

Samples: Shareholder Agreement (Smartdisk Corp), Share Purchase Agreement (Smartdisk Corp)

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Litigation and Disputes. 23.1 Except for actions to recover any debt incurred in the ordinary course of the business owed to the any Group Company where each individual debt and its costs outstanding amounts to less than (pound)1,000L50,000: (a) The no Group Company is not nor is any person for whose acts the a Group Company may be liable is engaged in any litigation, arbitration, administrative or criminal proceedings, whether as plaintiff, defendant or otherwise; (b) no litigation, arbitration, administrative or criminal proceedings by or against the any Group Company or any person for whose acts the a Group Company may be liable are threatened or expected and, as far as the Shareholders Warrantors are aware, none are pending; and; (c) there are no facts or circumstances likely to give rise to any litigation, arbitration, administrative or criminal proceedings against the any Group Company or any person for whose acts the a Group Company may be liable. 23.2 The No Group Company is not subject to any order or judgement given by any court or governmental or other authority, department, board, body or agency or has not been a party to any undertaking or assurance given to any court or governmental or other authority, department, board, body or agency which is still in force, nor are there any facts or circumstances likely to give rise to the any Group Company becoming subject to such an order or judgement or to be a party to any such undertaking or assurance.. ASSETS

Appears in 1 contract

Samples: Shareholder Agreement (Activision Inc /Ny)

Litigation and Disputes. 23.1 22.1 Except for actions to recover any debt incurred in the ordinary course of the business owed to the Company where each individual debt and its costs outstanding amounts to less than (pound)1,000£1,000: (a) The neither the Company is not nor is any person for whose acts the Company may be liable is engaged in any litigation, arbitration, administrative or criminal proceedings, whether as plaintiffclaimant, defendant respondent or otherwise; (b) no litigation, arbitration, administrative or criminal proceedings by or against the Company or any person for whose acts the Company it may be liable are threatened or expected and, as far as the Shareholders Warrantors are aware, none are pending; and; (c) so far as the Warrantors are aware, there are no facts or circumstances likely to give rise to any litigation, arbitration, administrative or criminal proceedings against the Company or any person for whose acts the Company it may be liable. 23.2 22.2 The Company is not subject to any order or judgement judgment given by any court or governmental or other authority, department, board, body or agency or and has not been a party to any undertaking or assurance given to any court or governmental or other authority, department, board, body or agency which is still in force, nor so far as the Warrantors are aware are there any facts or circumstances likely to give rise to the Company it becoming subject to such an order or judgement judgment or to be a party to any such undertaking or assurance.

Appears in 1 contract

Samples: Share Purchase Agreement (Activcard Corp)

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Litigation and Disputes. 23.1 Except 8.1 So far as HHI is aware, except for actions to recover any debt incurred in the ordinary course of the business owed to the Company where each individual debt and its costs outstanding amounts to less than (pound)1,000: (a) The Company is not 8.1.1 neither TBE nor is any person for whose acts the Company TBE may be liable is engaged in any litigation, arbitration, administrative or criminal proceedings, whether as plaintiff, defendant or otherwise; (b) 8.1.2 no litigation, arbitration, administrative or criminal proceedings by or against the Company TBE or any person for whose acts the Company it may be liable are threatened or expected and, as far as the Shareholders are aware, and none are pending; and (c) 8.1.3 there are no facts or circumstances likely to give rise to any litigation, arbitration, administrative or criminal proceedings against the Company TBE or any person for whose acts the Company it may be liable. 23.2 The Company 8.2 So far as HHI is aware TBE is not subject to any order or judgement judgment given by any court or governmental or other authority, department, board, body or agency or has not been a party to any undertaking or assurance given to any court or governmental or other authority, department, board, body or agency which is still in force, nor are there any facts or circumstances likely to give rise to the Company it becoming subject to such an order or judgement judgment or to be a party to any such undertaking or assurance.

Appears in 1 contract

Samples: Purchase Agreement (Harmony Holdings Inc)

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