Litigation; Observance of Laws. Litigation. Except as set forth on Schedule 4(d), there is no litigation, at law or in equity, or any proceeding before any Governmental Body or any arbitration pending or, to the Seller’s Knowledge, threatened against or relating to the Seller, which involves or is likely to involve any material risk of any judgment or liability not fully covered by insurance, which, if adversely decided, would have a Material Adverse Effect on the Business or the Seller, or which seeks to enjoin the consummation of, or questions the validity of, any of the transactions contemplated hereby, or which questions the validity or enforceability or impairs the ability of Seller to perform its obligations under this Agreement or any of the other Transaction Documents, and no Order of any Governmental Body has been issued against or binds Seller which has, or could have, a Material Adverse Effect on Seller’s ability to consummate the transactions contemplated hereby.
Litigation; Observance of Laws. Litigation. There is no litigation, at law or in equity, or any proceeding before any Governmental Body or any arbitration pending against or relating to the Purchaser, which involves or is likely to involve any material risk of any judgment or liability not fully covered by insurance, which, if adversely decided, would materially adversely effect the Purchaser, or which seeks to enjoin the consummation of, or questions the validity of, any of the transactions contemplated hereby, or which questions the validity or enforceability or impairs the ability of the Purchaser to perform its obligations under this Agreement or any of the other Transaction Documents, and no Order of any Governmental Body or arbitrator has been issued against or binds the Purchaser which has or could have an adverse effect on the Purchaser’s ability to consummate the transactions contemplated hereby. Governmental Order Violations. The Purchaser is not in violation of or Default with respect to any Order of any arbitrator or Governmental Body where such violation or Default is likely to have an adverse effect on the Purchaser’s ability to consummate the transactions contemplated hereby.
Litigation; Observance of Laws. (i) There is no litigation, at law or in equity, or any proceeding before any Governmental Body or any arbitration pending or, to the Sellers' or Stockholder's Knowledge, threatened against or relating to the Sellers, which is likely to involve any material risk of any judgment or liability not fully covered by insurance, which, if adversely decided, would have a Material Adverse Effect on the Sellers or any of them, or which seeks to enjoin the consummation of, or questions the validity of, any of the transactions contemplated hereby, or which would question the validity or enforceability or impair the validity or enforceability of or the ability of Sellers, the Stockholder or Mr. Folz to perform xxx xr his obligations under this Agreement or any agreement contemplated hereby or which would question the validity or enforceability or impair the ability of Sellers, the Stockholder or Mr. Folz to perform its or hix xxxxxxtive obligations under any instrument, document or agreement contemplated hereby, and no Order of any Governmental Body or arbitrator has been issued against or binds Sellers, the Stockholder or Mr. Folz which has, or could xxxx, a Material Adverse Effect on the Sellers, the Stockholder's or Mr. Folz's abilitx xx xxxxxxxxxx xxx xxansactions contemplated hereby. To the Sellers' or Stockholder's Knowledge, no basis exists for the commencement of any such litigation, proceeding or arbitration. Schedule 4(d)(i) lists all pending legal actions, suits proceedings and claims, including any brought by the Sellers against a third party.
Litigation; Observance of Laws. (i) There is no litigation, at law or in equity, or any proceeding before any Governmental Body or any arbitration pending or, to the Sellers' Knowledge, threatened against or relating to the Sellers with respect to the Acquired Assets or the Technology, other than as set forth on Schedule 4(d)(i). To the Sellers' Knowledge, no basis exists for the commencement of any such litigation, proceeding or arbitration. Schedule 4(d)(i) also lists all pending legal actions, suits proceedings and claims brought by the Sellers against a third party relating to the Acquired Assets or the Technology.
Litigation; Observance of Laws
