Common use of Litigation; Labor Matters; Compliance with Laws Clause in Contracts

Litigation; Labor Matters; Compliance with Laws. There is no suit, action or proceeding or investigation pending or, to the knowledge of VAPARIA, threatened against or affecting VAPARIA or any basis for any such suit, action, proceeding or investigation that, individually or in the aggregate, could reasonably be expected to have a material adverse effect with respect to VAPARIA or prevent, hinder or materially delay the ability of VAPARIA to consummate the transactions contemplated by this Agreement, nor is there any judgment, decree, injunction, rule or order of any governmental entity or arbitrator outstanding against VAPARIA having, or which, insofar as reasonably could be foreseen by VAPARIA, in the future could have, any such effect. VAPARIA is not a party to, or bound by, any collective bargaining agreement, contract or other agreement or understanding with a labor union or labor organization, nor is it the subject of any proceeding asserting that it has committed an unfair labor practice or seeking to compel it to bargain with any labor organization as to wages or conditions of employment nor is there any strike, work stoppage or other labor dispute involving it pending or, to its knowledge, threatened, any of which could have a material adverse effect with respect to VAPARIA. The conduct of the business of VAPARIA complies with all statutes, laws, regulations, ordinances, rules, judgments, orders, decrees or arbitration awards applicable thereto.

Appears in 2 contracts

Samples: Share Exchange Agreement and Plan of Reorganization (OICco ACQUISITION IV, INC.), Share Exchange Agreement and Plan of Reorganization (OICco ACQUISITION IV, INC.)

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Litigation; Labor Matters; Compliance with Laws. There is no suit, action or proceeding or investigation pending or, to the knowledge of VAPARIAOICco, threatened against or affecting VAPARIA OICco or any basis for any such suit, action, proceeding or investigation that, individually or in the aggregate, could reasonably be expected to have a material adverse effect with respect to VAPARIA OICco or prevent, hinder or materially delay the ability of VAPARIA OICco to consummate the transactions contemplated by this Agreement, nor is there any judgment, decree, injunction, rule or order of any governmental entity Governmental Entity or arbitrator outstanding against VAPARIA OICco having, or which, insofar as reasonably could be foreseen by VAPARIAOICco, in the future could have, any such effect. VAPARIA OICco is not a party to, or bound by, any collective bargaining agreement, contract or other agreement or understanding with a labor union or labor organization, nor is it the subject of any proceeding asserting that it has committed an unfair labor practice or seeking to compel it to bargain with any labor organization as to wages or conditions of employment nor is there any strike, work stoppage or other labor dispute involving it pending or, to its knowledge, threatened, any of which could have a material adverse effect with respect to VAPARIAOICco. The conduct of the business of VAPARIA OICco complies with all statutes, laws, regulations, ordinances, rules, judgments, orders, decrees or arbitration awards applicable thereto.

Appears in 2 contracts

Samples: Share Exchange Agreement and Plan of Reorganization (OICco ACQUISITION IV, INC.), Share Exchange Agreement and Plan of Reorganization (OICco ACQUISITION IV, INC.)

Litigation; Labor Matters; Compliance with Laws. There is no suit, action or proceeding or investigation pending or, to the knowledge of VAPARIAActiveWorlds, threatened against or affecting VAPARIA ActiveWorlds or any basis for any such suit, action, proceeding or investigation that, individually or in the aggregate, could reasonably be expected to have a material adverse effect Material Adverse Effect with respect to VAPARIA ActiveWorlds or prevent, hinder or materially delay the ability of VAPARIA ActiveWorlds to consummate the transactions contemplated by this Agreement, nor is there any judgment, decree, injunction, rule or order of any governmental entity Person or arbitrator the Operating Documents outstanding against VAPARIA ActiveWorlds having, or which, insofar as reasonably could be foreseen by VAPARIAActiveWorlds, in the future could have, any such effect. VAPARIA ActiveWorlds is not a party to, or bound by, any collective bargaining agreement, contract or other agreement or understanding with a labor union or labor organization, nor is it the subject of any proceeding asserting that it has committed an unfair labor practice or seeking to compel it to bargain with any labor organization as to wages or conditions of employment nor is there any strike, work stoppage or other labor dispute involving it pending or, to its knowledge, threatened, any of which could have a material adverse effect with respect to VAPARIAActiveWorlds. The conduct of the business of VAPARIA ActiveWorlds complies with all statutes, laws, regulations, ordinances, rules, judgments, orders, decrees or arbitration awards applicable thereto.

Appears in 1 contract

Samples: Agreement and Plan of Reverse Acquisition (Activeworlds Corp)

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Litigation; Labor Matters; Compliance with Laws. (a) There is no suit, action or proceeding or investigation pending or, to the knowledge of VAPARIAthe Company, threatened against or affecting VAPARIA the Company or any basis for any such suit, action, proceeding or investigation that, individually or in the aggregate, could reasonably be expected to have a material adverse effect with respect to VAPARIA the Company or prevent, hinder or materially delay the ability of VAPARIA the Company to consummate the transactions contemplated by this Agreement, nor is there any judgment, decree, injunction, rule or order of any governmental entity Governmental Entity or arbitrator outstanding against VAPARIA the Company having, or which, insofar as reasonably could be foreseen by VAPARIAthe Company, in the future could have, any such effect. VAPARIA (b) The Company is not a party to, or bound by, any collective bargaining agreement, contract or other agreement or understanding with a labor union or labor organization, nor is it the subject of any proceeding asserting that it has committed an unfair labor practice or seeking to compel it to bargain with any labor organization as to wages or conditions of employment nor is there any strike, work stoppage or other labor dispute involving it pending or, to its knowledge, threatened, any of which could have a material adverse effect with respect to VAPARIAthe Company. (c) The conduct of the business of VAPARIA the Company complies in all material respects with all statutes, laws, regulations, ordinances, rules, judgments, orders, decrees or arbitration awards applicable thereto.. 3.1.7

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tintic Gold Mining CO)

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