No Adverse Litigation. The Seller is not a party to any pending litigation which seeks to enjoin or restrict the Seller’s ability to sell or transfer the Shares, nor is any such litigation threatened against the Seller. Furthermore, there is no litigation pending or threatened against the Seller which, if decided adversely to the Seller, could adversely affect the Seller’s ability to consummate the transactions contemplated herein.
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Samples: Loan Agreement and Secured Promissory Note (Cellteck Inc.), Loan Agreement and Secured Promissory Note (Cellteck Inc.), Loan Agreement and Secured Promissory Note (Cellteck Inc.)
No Adverse Litigation. The Seller is not a party to any pending litigation which seeks to enjoin or restrict the Seller’s ability to sell or transfer the SharesCompany Shares hereunder, nor is any such litigation threatened against the Seller. Furthermore, there is no litigation pending or threatened against the Seller which, if decided adversely to the Seller, could adversely affect the Seller’s ability to consummate the transactions contemplated hereinherein or the Purchaser’s ownership of the Company shares.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Nutracea), Stock Purchase Agreement (Proelite, Inc.)
No Adverse Litigation. The Seller is not a party to any pending litigation litigation, which seeks to enjoin or restrict the Seller’s ability to sell or transfer the SharesCompany Shares hereunder, nor is any such litigation threatened against the Seller. Furthermore, there is no litigation pending or threatened against the Seller Seller, which, if decided adversely to the Seller, could adversely affect the Seller’s ability to consummate the transactions contemplated hereinherein or the Purchaser’s ownership of the Company shares.
Appears in 2 contracts
Samples: Stock Purchase Agreement (GPS Industries, Inc.), Stock Purchase Agreement (GPS Industries, Inc.)
No Adverse Litigation. The Seller is not a party to any pending litigation which seeks to enjoin or restrict the Seller’s ability to sell or transfer the SharesCompany Shares hereunder, nor is any such litigation threatened against the Seller. Furthermore, there is no litigation pending or threatened against the Seller Seller, which, if decided adversely to the Seller, could would adversely affect the Seller’s ability to consummate the transactions contemplated hereinherein or the Purchaser’s ownership of the Company Shares.
Appears in 2 contracts
Samples: Purchase Agreement (Encore Brands, Inc.), Purchase Agreement (Encore Brands, Inc.)
No Adverse Litigation. The Seller is not a party to any pending litigation or any governmental or administrative proceeding which seeks to enjoin or restrict the Seller’s ability to sell or transfer the SharesShares hereunder, nor is any such litigation or proceeding threatened against the Seller. Furthermore, there is no litigation or governmental or administrative proceeding pending or threatened against the Seller which, if decided adversely to the Seller, could which will adversely affect the Seller’s ability to consummate the transactions contemplated hereinherein or the Purchaser’s ownership of the Shares.
Appears in 1 contract
Samples: Stock Purchase Agreement (Nutracea)
No Adverse Litigation. The Seller is not a party to any pending litigation which seeks to enjoin or restrict the Seller’s ability to sell or transfer the Sharesshares of common stock of the Seller hereunder, nor nor, to the knowledge of Seller, is any such litigation threatened against the Seller. Furthermore, there is no litigation pending or threatened or, to the knowledge of Seller threatened, against the Seller Seller, which, if decided adversely to the Seller, could adversely affect would prevent the Seller’s ability Seller from being able to consummate the transactions contemplated herein.
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No Adverse Litigation. The Such Seller is not a party to any pending litigation which seeks to enjoin or restrict the such Seller’s 's ability to sell or transfer the Shareshis Allstate Shares hereunder, nor is any such litigation threatened against the such Seller. Furthermore, there is no litigation pending or threatened against the such Seller which, if decided adversely to the such Seller, could adversely affect the such Seller’s 's ability to consummate the transactions contemplated herein.
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No Adverse Litigation. The Such Seller is not a party to any pending --------------------- litigation which seeks to enjoin or restrict the such Seller’s 's ability to sell or transfer the Shareshis Allstate Shares hereunder, nor is any such litigation threatened against the such Seller. Furthermore, there is no litigation pending or threatened against the such Seller which, if decided adversely to the such Seller, could adversely affect the such Seller’s 's ability to consummate the transactions contemplated herein.
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