Common use of Litigation; Orders Clause in Contracts

Litigation; Orders. Except as set forth in Schedule 3.6, there is no Legal Proceeding relating to Emergent or any of its Subsidiaries or, to Emergent’s knowledge, threatened against or involving Emergent, any of its Subsidiaries, any of their respective properties, or any of their respective officers, directors, employees or former employees (in their capacities as such) and, to Emergent’s knowledge, there are no existing facts or circumstances that would reasonably be expected to result in such a proceeding. Neither Emergent nor any of its Subsidiaries is subject to any outstanding Order that has not been fully performed or satisfied or that prohibits or restricts the consummation of the Transactions.

Appears in 15 contracts

Samples: Master Transaction Agreement (Emergent Capital, Inc.), Master Transaction Agreement (Emergent Capital, Inc.), Master Transaction Agreement (Emergent Capital, Inc.)

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