Common use of Litigation and Other Disputes Clause in Contracts

Litigation and Other Disputes. (a) No proceedings The Company is not, and, to the Vendor's knowledge, no director or officer of the Company (in relation to the Company’s affairs or, if resolved in a manner adverse to such director or officer, could result in a materially adverse effect on the Company’s business) is, engaged in or a party to any dispute, litigation, arbitration, prosecution or other legal proceedings or in any proceedings or hearings before any statutory or governmental body, department, board or agency, nor are any of the foregoing pending or, to the Vendor's knowledge, threatened or expected either against or by the Company, and, to the Vendor's knowledge, there is no fact or circumstance or any other form of written demand in existence that might give rise to the same, or form the basis of any criminal prosecution against the Company.

Litigation and Other Disputes. (a) No proceedings The Company is not, and, to the Vendor's ’s knowledge, no director or officer of the Company (in relation to the Company’s affairs or, if resolved in a manner adverse to such director or officer, could result in a materially adverse effect on the Company’s business) is, engaged in or a party to any dispute, litigation, arbitration, prosecution or other legal proceedings or in any proceedings or hearings before any statutory or governmental body, department, board or agency, nor are any of the foregoing pending or, to the Vendor's ’s knowledge, threatened or expected either against or by the Company, and, to the Vendor's ’s knowledge, there is no fact or circumstance or any other form of written demand in existence that might give rise to the same, or form the basis of any criminal prosecution against the Company.