Common use of LITIGATION, OFFENCES AND COMPLIANCE WITH STATUTES Clause in Contracts

LITIGATION, OFFENCES AND COMPLIANCE WITH STATUTES. 15.1 None of the Group Members nor any person for whose acts or defaults the Group Members may be vicariously liable is claimant, defendant or otherwise a party to any litigation, arbitration or administrative proceedings which are in progress or are threatened or pending by or against or concerning each of the Group Members or any of its assets; none of the Group Members is being prosecuted for any criminal offence and no governmental or official investigation or inquiry concerning the business or officers of the Group Members or any of its assets is in progress or pending and there are no circumstances which are likely to give rise to any such proceedings, investigation or inquiry.

Appears in 2 contracts

Samples: Entire Agreement (China Public Security Technology, Inc.), Share Purchase Agreement (China TMK Battery Systems Inc.)

AutoNDA by SimpleDocs

LITIGATION, OFFENCES AND COMPLIANCE WITH STATUTES. 15.1 14.1 None of the Group Members nor any person for whose acts or defaults the Group Members may be vicariously liable is claimant, defendant or otherwise a party to any litigation, arbitration or administrative proceedings which are in progress or are threatened or pending by or against or concerning each of the Group Members or any of its assets; none of the Group Members is being prosecuted for any criminal offence and no governmental or official investigation or inquiry concerning the business or officers of the Group Members or any of its assets is in progress or pending and there are no circumstances which are likely to give rise to any such proceedings, investigation or inquiry.

Appears in 1 contract

Samples: China Public Security Technology, Inc.

AutoNDA by SimpleDocs

LITIGATION, OFFENCES AND COMPLIANCE WITH STATUTES. 15.1 14.1 None of the Group Members members nor any person for whose acts or defaults the Group Members members may be vicariously liable is claimant, defendant or otherwise a party to any litigation, arbitration or administrative proceedings which are in progress or are threatened or pending by or against or concerning each of the Group Members members or any of its assets; none of the Group Members members is being prosecuted for any criminal offence and no governmental or official investigation or inquiry concerning the business or officers of the Group Members members or any of its assets is in progress or pending and there are no circumstances which are likely to give rise to any such proceedings, investigation or inquiry.

Appears in 1 contract

Samples: Agreement (China Information Security Technology, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.