Common use of Litigation; Laws and Regulations Clause in Contracts

Litigation; Laws and Regulations. Except as set forth on Section 3.7 of the Disclosure Letter: (a) there are no (i) civil, criminal or administrative actions, suits, claims, hearings, arbitrations or proceedings pending or, to SPLC’s Knowledge, threatened against Pecten, (ii) judgments, orders, decrees or injunctions of any Governmental Authority, whether at law or in equity, against Pecten or (iii) pending or, to SPLC’s Knowledge, threatened investigations by any Governmental Authority against Pecten, except in each case, for those items that would not, individually or in the aggregate, reasonably be expected to have a SPLC Material Adverse Effect. (b) Pecten is not in violation of or in default under any Applicable Law, except as would not, individually or in the aggregate, reasonably be expected to have a SPLC Material Adverse Effect.

Litigation; Laws and Regulations. (a) Except as set forth on Section 3.7 3.7(a) of the Disclosure Letter: (a) , there are no (i) civil, criminal or administrative actions, suits, claims, hearings, arbitrations or proceedings pending or, to SPLC’s Knowledge, threatened against PectenAmberjack, (ii) judgments, orders, decrees or injunctions of any Governmental Authority, whether at law or in equity, against Pecten Amberjack or (iii) pending or, to SPLC’s Knowledge, threatened investigations by any Governmental Authority against PectenAmberjack, except in each case, for those items that would not, individually or in the aggregate, reasonably be expected to have a an SPLC Material Adverse Effect. ; and (b) Pecten Amberjack is not in violation of or in default under any Applicable Law, except as would not, individually or in the aggregate, reasonably be expected to have a an SPLC Material Adverse Effect.

Litigation; Laws and Regulations. (a) Except as set forth on Section 3.7 3.7(a) of the Disclosure Letter: (a) , there are no (i) civil, criminal or administrative actions, suits, claims, hearings, arbitrations or proceedings pending or, to SPLC’s Knowledge, threatened against PectenAmberjack, (ii) judgments, orders, decrees or injunctions of any Governmental Authority, whether at law or in equity, against Pecten Amberjack or (iii) pending or, to SPLC’s Knowledge, threatened investigations by any Governmental Authority against PectenAmberjack, except in each case, for those items that would not, individually or in the aggregate, reasonably be expected to have a an SPLC Material Adverse Effect.; and (b) Pecten Amberjack is not in violation of or in default under any Applicable Law, except as would not, individually or in the aggregate, reasonably be expected to have a an SPLC Material Adverse Effect.