Litigation and Other Claims. Except as described in Schedule 3.11, there are no actions, suits, arbitration proceedings, claims or other proceedings arising out of or related to the Business of the Seller pending or, to the knowledge of Seller, threatened before any foreign, Federal, state, municipal or other court, department, commission, arbitration panel, board, bureau, agency, body or instrumentality against Seller or affecting the Purchased Assets at law or in equity. Seller is not a party to or subject to the provisions of any order, writ, injunction, decree or judgment of any court or foreign, Federal, state, municipal or other governmental or administrative body, department, commission, board, bureau, securities exchange or other agency or instrumentality in connection with the ongoing operations of Seller except as set forth in Schedule 3.11.
Litigation and Other Claims. 25 3.12 No Material Adverse Change .................................. 25 3.13 Sufficiency of Purchased Assets ............................. 25
Litigation and Other Claims. 17 3.12 Sufficiency of Purchased Assets ............................... 18 3.13
Litigation and Other Claims. 24 ARTICLE V
Litigation and Other Claims. There are no actions, suits, arbitration proceedings, claims or other proceedings arising out of or related to the Business of the Seller pending or, to the knowledge of Seller, threatened before any foreign, Federal, state, municipal or other court, department, commission, arbitration panel, board, bureau, agency, body or instrumentality against Seller or affecting the Purchased Assets at law or in equity. Seller is not a party to or subject to the provisions of any order, writ, injunction, decree or judgment of any court or foreign, Federal, state, municipal or other governmental or administrative body, department, commission, board, bureau, securities exchange or other agency or instrumentality in connection with the ongoing operations of Seller.
Litigation and Other Claims. Except as described in the Disclosure Document, there are no actions, suits, arbitration proceedings, claims or other proceedings arising out of or related to the business of MTS.
Litigation and Other Claims. (a) As of the date hereof, except as set forth on Schedule 3.1.14(a), there is no lawsuit, legal action, governmental investigation or other proceeding pending or, to the knowledge of such Seller or the Company, threatened against or affecting the Company, nor is the Company the subject of any judgment, decree or order entered in any lawsuit or other proceeding, that in either case, would be reasonably likely to have a material adverse effect on the Company. Moreover, such Seller and/or the Company is (are) not aware of any facts or circumstances that exist which could result in any such lawsuit, legal action, governmental investigation or other proceeding.
(b) Schedule 3,1.14(b) briefly describes all lawsuits, legal actions, governmental investigations or other proceedings in which the Company and/or Sellers was a party during the three years prior to the date hereof.
Litigation and Other Claims. Except as described in SCHEDULE 3.11, there are no actions, suits, arbitration proceedings, claims or other proceedings arising out of or related to the business of the Seller pending or, to the knowledge of Seller, threatened before any foreign, Federal, state, municipal or other court, department, commission, arbitration panel, board, bureau, agency, body or instrumentality against Seller or affecting the Purchased Assets at law or in equity. Seller is not a party to or subject to the provisions of any order, writ, injunction, decree or judgment of any court or foreign, Federal, state, municipal or other governmental or administrative body, department, commission, board, bureau, securities exchange or other agency or instrumentality in connection with the ongoing operations of Seller except as set forth in SCHEDULE 3.11. PictureTel and Buyer shall share equally in the cash settlement amount paid to PictureTel and MultiLink pursuant to the Settlement Agreement dated November 13, 2000, between Seller, PictureTel, Octave Communications, Inc. and Messrs. Robexx Xxxxx xxx Arthxx Xxxxxxxxx (xxe "Settlement Agreement"). PictureTel has received $100,000 to date pursuant to the Settlement Agreement, of which $50,000 shall be paid to Buyer. All future payments paid to PictureTel or MultiLink pursuant to the Settlement Agreement subsequent to Closing shall be shared equally by PictureTel and Buyer. PictureTel agrees to pay to Buyer half of any such cash received within five days of receipt thereof.
Litigation and Other Claims. (A) PENDING AND THREATENED LITIGATION. There are no actions, suits, claims (including products liability claims) or proceedings pending or, to the best knowledge of Buyer, threatened, before any foreign, federal, state, municipal or other governmental court, department, commission, board, bureau, agency, body or instrumentality against Buyer or affecting any of its property or assets at law or in equity, which, if determined adversely to Buyer, net of insurance, would have a material adverse effect on the performance by Buyer of its obligations under or pursuant to this Agreement or Buyer's Closing Documents.
Litigation and Other Claims. Except as described in Schedule 3.11, there are no actions, suits, arbitration proceedings, claims or other proceedings arising out of or related to the SES Business pending or, to the Knowledge of the Seller, threatened before any foreign, Federal, state, municipal or other court, department, commission, arbitration panel, board, bureau, agency, body or instrumentality against the Seller or affecting the Purchased Assets at law or in equity. Except as set forth in Schedule 3.11, the Seller is not a party to or subject to the provisions of any order, writ, injunction, decree or judgment of any court or foreign, Federal, state, municipal or other governmental or administrative body, department, commission, board, bureau, securities exchange or other agency or instrumentality in connection with the ongoing operations of the Seller.
