Litigation Involving Seller Sample Clauses

Litigation Involving Seller. Except as set forth on SCHEDULE 4.12, there are no actions, suits, claims, governmental investigations or arbitration proceedings pending or, to the best knowledge of Seller, threatened against or affecting Seller or any of its assets or properties with respect to or relating to (i) the Acquired Business; (ii) the ownership or operation of the Purchased Assets or (iii) the transactions contemplated by this Agreement. There are no outstanding orders, decrees or stipulations issued by any federal, state, local or foreign judicial or administrative authority in any proceeding to which Seller is or was a party and which relates to (i) the Acquired Business; (ii) the ownership or operation of the Purchased Assets or (iii) the transactions contemplated by this Agreement.
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Litigation Involving Seller. Except as set forth in Section 4.16 of the Disclosure Schedule, there are no actions, suits, claims, governmental investigations, arbitrations or other legal, administrative or governmental proceedings pending or threatened against or affecting or relating to the Company and, to the Knowledge of Seller, there is no basis for any of the foregoing. There are no outstanding judgments, orders, decrees or stipulations issued by any federal, state, local or foreign judicial or administrative authority in any proceeding to which the Company is or was a party. Section 4.16 of the Disclosure Schedule contains a complete and accurate description of the status of any matter covered thereby, and the Company carries insurance that will adequately cover all costs, expenses and damages of each of the matters described therein.
Litigation Involving Seller. Except as set forth on Schedule 4.12, there are no actions, suits, claims, ------------- governmental investigations or arbitration proceedings pending or, to the best knowledge of Seller, Xxxxx and Xxxxxx, threatened against or affecting Seller or any of its assets or properties with respect to or relating to (i) the Acquired Business; (ii) the ownership or operation of the Purchased Assets or (iii) the transactions contemplated by this Agreement, and, to the best of the knowledge of Seller, Xxxxx, and Xxxxxx, there is no basis for any of the foregoing. There are no outstanding orders, decrees or stipulations issued by any federal, state, local or foreign judicial or administrative authority in any proceeding to which Seller is or was a party and which relates to (i) the Acquired Business; (ii) the ownership or operation of the Purchased Assets or (iii) the transactions contemplated by this Agreement.
Litigation Involving Seller. There are no actions, suits, claims, governmental investigations or arbitration proceedings pending or, to the knowledge of Amedisys, threatened against or affecting Seller or any of the Purchased Assets and, to the knowledge of Amedisys, there is no basis for any of the foregoing. There are no outstanding orders, decrees or stipulations issued by any federal, state, local or foreign judicial or administrative authority in any proceeding to which Seller is or was a party. Schedule 2 contains a complete and accurate description of the status of any matter covered thereby that references this Section 2.15, and Seller carries insurance that will cover the costs, expenses and damages of each of the matters described therein (which insurance coverage shall continue in effect as to such identified matters following the Closing). Seller acknowledges that Buyer is not assuming any liability or responsibility with respect to any matter described in Schedule 2 that references this Section 2.15. No employee or former employee of Seller has made any claim of sexual harassment, discrimination, wrongful termination or any violation of OSHA, and Seller has not received any notice that the EEOC or any state agency has issued a "right to xxx" letter with respect to any employee or former employee of Seller. Neither the U.S. Department Health and Human Service nor any state agency has conducted or has given Seller or Amedisys any notice that it intends to conduct any audit or other review of any Surgery Center's participation in the Medicare or the Medicaid program or any other governmental program and, to the knowledge of Amedisys, no such audit or review would result in any material liability by Seller for any reimbursement, penalty interest with respect to payments received by Seller thereunder. Amedisys does not know of any reason why the Surgery Centers will not or may not be able to continue their respective businesses, as presently conducted, following the Closing.
Litigation Involving Seller. There is no action, suit, proceeding or investigation pending (including, without limitation, any action, suit, proceeding or investigation with respect to any federal, state or local laws, rules or regulations), or to Seller's knowledge, threatened against or detrimentally affecting Seller and no governmental entity has served upon Seller any notice claiming any violation of any statute, ordinance, or regulation or noting the need for any repair or remediation, requesting data or access, requiring testing or other investigation relating to environmental conditions or otherwise.
Litigation Involving Seller. Except as disclosed in Exhibit 5.3, and except as qualified by Section 5.6 below, there is no action, suit, proceeding or investigation pending (including, without limitation, any action, suit, proceeding or investigation with respect to any federal, state or local laws, rules or regulations), or to Seller's knowledge, threatened against or detrimentally affecting Seller, or any of the Purchased Assets which could materially and adversely affect the Business or any of the Purchased Assets and no governmental entity has served upon Seller any notice claiming any violation of any statute, ordinance, or regulation or noting the need for any repair or remediation with respect to the Purchased Assets, requesting data or access, requiring testing or other investigation relating to environmental conditions or requiring any change in the Purchased Assets or in Seller's means or method of conducting the Business.

Related to Litigation Involving Seller

  • Third Party Proceedings The Company shall indemnify Indemnitee if Indemnitee is or was a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Company) by reason of the fact that Indemnitee is or was a director, officer, employee or agent of the Company, or any subsidiary of the Company, by reason of any action or inaction on the part of Indemnitee while an officer or director or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) actually and reasonably incurred by Indemnitee in connection with such action, suit or proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, or, with respect to any criminal action or proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful.

  • Litigation There is no action, suit, inquiry, notice of violation, proceeding or investigation pending or, to the knowledge of the Company, threatened against or affecting the Company, any Subsidiary or any of their respective properties before or by any court, arbitrator, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) (collectively, an “Action”) which (i) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Documents or the Securities or (ii) could, if there were an unfavorable decision, have or reasonably be expected to result in a Material Adverse Effect. Neither the Company nor any Subsidiary, nor any director or officer thereof, is or has been the subject of any Action involving a claim of violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty. There has not been, and to the knowledge of the Company, there is not pending or contemplated, any investigation by the Commission involving the Company or any current or former director or officer of the Company. The Commission has not issued any stop order or other order suspending the effectiveness of any registration statement filed by the Company or any Subsidiary under the Exchange Act or the Securities Act.

  • Losses in Excess of the Stated Threshold In the event that the sum of the Cumulative Loss Amount under this Single Family Shared-Loss Agreement and the Stated Loss Amount under the Commercial Shared-Loss Agreement meets or exceeds the Stated Threshold, the loss/recovery sharing percentages set forth herein shall change from 80/20 to 95/5 and thereafter the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to ninety-five percent (95%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate. If the Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds ninety-five percent (95%) of that amount.

  • Creditor or Forfeiture Proceedings Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing the loan. This includes a garnishment of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute.

  • Stockholder Litigation The Company shall give Parent the opportunity to participate in the defense or settlement of any stockholder litigation against the Company and/or its directors relating to the transactions contemplated by this Agreement, and no such settlement shall be agreed to without Parent’s prior written consent.

  • Infringement Proceedings Each Party agrees to promptly notify the other Party of any unauthorized use of the other Party's Marks of which it has actual knowledge. Each Party will have the sole right and discretion to bring proceedings alleging infringement of its Marks or unfair competition related thereto; provided, however, that each Party agrees to provide the other Party with its reasonable cooperation and assistance with respect to any such infringement proceedings.

  • Shareholder Litigation The Company shall give Parent the opportunity to participate in the defense or settlement of any shareholder litigation against the Company and/or its directors relating to the transactions contemplated by this Agreement, and no such settlement shall be agreed to without Parent’s prior written consent.

  • Related Litigation The party that delivers the Arbitration Notice to the other party shall have the option to also commence concurrent legal proceedings with any state or federal court sitting in Salt Lake County, Utah (“Litigation Proceedings”), subject to the following: (a) the complaint in the Litigation Proceedings is to be substantially similar to the claims set forth in the Arbitration Notice, provided that an additional cause of action to compel arbitration will also be included therein, (b) so long as the other party files an answer to the complaint in the Litigation Proceedings and an answer to the Arbitration Notice, the Litigation Proceedings will be stayed pending an Arbitration Award (or Appeal Panel Award (defined below), as applicable) hereunder, (c) if the other party fails to file an answer in the Litigation Proceedings or an answer in the Arbitration proceedings, then the party initiating Arbitration shall be entitled to a default judgment consistent with the relief requested, to be entered in the Litigation Proceedings, and (d) any legal or procedural issue arising under the Arbitration Act that requires a decision of a court of competent jurisdiction may be determined in the Litigation Proceedings. Any award of the arbitrator (or of the Appeal Panel (defined below)) may be entered in such Litigation Proceedings pursuant to the Arbitration Act.

  • Litigation Costs If any legal action or other proceeding is brought for the enforcement of this Agreement or to remedy its breach, the prevailing party in such action or proceeding shall be entitled to recover its actual attorney's fees and other costs incurred in the action or proceeding, in addition to such other relief to which it may be entitled.

  • Litigation, etc The Fund shall give prompt notice in writing to the Purchaser of any litigation, administrative proceeding or business development which is reasonably expected to materially adversely affect its business, properties or affairs or to impair the ability of the Fund to perform its obligations as set forth hereunder or under any of the other Related Documents. All information, reports and other papers, documentation and data with respect to the Fund furnished to the Purchaser pursuant to this Section 6.9 shall be, at the time the same are so furnished, complete and correct in all material respects and, when considered with all other material delivered to the Purchaser under this Agreement or made available pursuant to the Due Diligence Request, will not contain untrue statements of material facts or omit to state material facts necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading.

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