Common use of No Bad Acts Clause in Contracts

No Bad Acts. The Company represents and warrants that, to the best of its knowledge, none of its directors or officers is or has been the subject of, or a defendant in: (i) an enforcement action or prosecution (or settlement in lieu thereof) brought by a governmental authority relating to a violation of securities, fiduciary or criminal laws, or (ii) a civil action (or settlement in lieu thereof) brought by shareholders or investors for violation of duties owed to the shareholders or investors.

Appears in 3 contracts

Samples: Form of Stock Purchase Agreement (La Jolla Pharmaceutical Co), Form of Stock Purchase Agreement (La Jolla Pharmaceutical Co), Form of Stock Purchase Agreement (La Jolla Pharmaceutical Co)

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No Bad Acts. The Company represents and warrants that, to the best of its knowledge, none of its directors or officers is or has been the subject of, or a defendant in: (i) an enforcement action or prosecution (or settlement in lieu thereof) brought by a governmental authority relating to a violation of securities, fiduciary or criminal laws, or (ii) a civil action (or settlement in lieu thereof) brought by shareholders stockholders or investors for violation of duties owed to the shareholders stockholders or investors.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ciber Inc)

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