No Default or Litigation Sample Clauses

No Default or Litigation. Except as set forth in Schedule 3.4:
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No Default or Litigation. (i) The business of the Company and the Company Subsidiaries is being conducted in compliance with, and the Company has made (or has caused to be made) all material filings required by, the laws, orders, regulations, policies and guidelines of all applicable governmental entities (including, without limitation, applicable laws, orders and regulations relating to labor relations or environmental protection);
No Default or Litigation. To the knowledge of Medron, Wortley, or King, Medron is not in violation of or in default under any law, rule, regulation or ordinance, or any order of any court or federal, state, provincial, municipal or other governmental department, commission, board, bureau, agency or instrumentality which could have a material adverse impact on the assets or the business of Medron. To the knowledge of Medron, Wortley or King, there are no private or public lawsuits, proceedings, claims, unsatisfied judgments, penalties or awards or governmental investigations or eminent domain or condemnation proceedings pending or threatened against Medron or its assets or its business, and there is no basis for any as yet unasserted claims or actions except as described on Schedule 7(g). Final Agreement-Angio-Medron 5 May 1, 2006
No Default or Litigation. To its knowledge, Seller is not, and on the Closing Date shall not be, in default under any of the material terms or provisions of any Assumed Contract. Except as provided in Schedule 4.1.8 hereto, to Seller's knowledge no action has occurred, or on the Closing Date shall have occurred, relating to the conduct of the Restaurants that would have a material adverse impact upon the post Closing operation of the Restaurants. Except as provided in Schedule 4.1.8 hereto, to Seller's knowledge there is no action pending against Seller relating to the conduct of the Restaurants that could have a material adverse effect upon the operation of the Restaurants.
No Default or Litigation. Except as set forth in Schedule 2.17, neither of the Companies is in default in any material respect under any agreement, lease or other document to which it is a party. Except as set forth and described in Schedules 2.15 and 2.17, there are no lawsuits, proceedings, claims or governmental investigations pending or, to the Knowledge of the Seller, threatened against either of the Companies or against the properties or business thereof that might, individually or in the aggregate, have a Company Adverse Effect on either of the Companies and the Seller knows of no factual basis for any such lawsuit, proceeding, claim or investigation and there is no action, suit, proceeding or investigation pending, threatened or contemplated that questions the legality, validity or propriety of the transactions contemplated by this Agreement.
No Default or Litigation. To its knowledge, Seller is not, and on the Closing Date shall not be, in default under any of the material terms or provisions of any Assumed Contract. Except as provided in Schedule 4.1.8 hereto, to Seller's knowledge no action has occurred, or on the Closing Date shall have occurred, relating to the conduct of the Restaurants that would have a material adverse impact upon the post
No Default or Litigation. SIS is not in default in any material respect under any agreement, lease or other document to which it is a party. There are no lawsuits, proceedings, claims or governmental investigations pending or, to the knowledge of SIS and each Shareholder, threatened against SIS or against the properties or business thereof which might, individually or in the aggregate, have an SIS Adverse Effect and neither SIS nor any Shareholder knows of any factual basis for any such lawsuit, proceeding, claim or investigation. There is no action, suit, proceeding or investigation pending or, to the knowledge of SIS and each Shareholder, threatened or contemplated which questions the legality, validity or propriety of the transactions contemplated by this Agreement.
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Related to No Default or Litigation

  • Notice of Default or Litigation Promptly after an Authorized Officer of the Borrower or any of the Subsidiaries obtains knowledge thereof, notice of (i) the occurrence of any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto and (ii) any litigation or governmental proceeding pending against the Borrower or any of the Subsidiaries that could reasonably be expected to be determined adversely and, if so determined, to result in a Material Adverse Effect.

  • No Default or Violation Neither the Company nor any Subsidiary (i) is in default under or in violation of (and no event has occurred which has not been waived which, with notice or lapse of time or both, would result in a default by the Company or any Subsidiary under), nor has the Company or any Subsidiary received notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound, (ii) is in violation of any order of any court, arbitrator or governmental body, or (iii) is in violation of any statute, rule or regulation of any governmental authority, in each case of clauses (i), (ii) or (iii) above, except as could not individually or in the aggregate, have or result in a Material Adverse Effect.

  • No Default or Event of Default has occurred and is continuing as of the date hereof or after giving effect to the Loans to be made on the date hereof. [Borrower only]

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

  • No Proceeding or Litigation No suit, action, investigation, inquiry or other proceeding by any Authority or other person or entity will have been instituted or threatened which delays or questions the validity or legality of the transactions contemplated hereby or which, if successfully asserted, would, in the reasonable judgment of Parent, individually or in the aggregate, otherwise have a Material Adverse Effect on the Company's business, financial condition, prospects, assets or operations or prevent or delay the consummation of the transactions contemplated by this Agreement.

  • No Restraint or Litigation No action, suit, investigation or proceeding shall have been instituted or threatened to restrain or prohibit or otherwise challenge the legality or validity of the transactions contemplated hereby.

  • No Proceedings or Litigation No action, suit or proceeding before any arbitrator or any governmental authority shall have been commenced, and no investigation by any governmental authority shall have been threatened, against the Company or any Subsidiary, or any of the officers, directors or affiliates of the Company or any Subsidiary seeking to restrain, prevent or change the transactions contemplated by this Agreement, or seeking damages in connection with such transactions.

  • Notice of Default; Litigation Promptly after an Authorized Officer of the Borrower or any of the Restricted Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto and (ii) any litigation or governmental proceeding pending against the Borrower or any of the Subsidiaries that would reasonably be expected to be determined adversely and, if so determined, to result in a Material Adverse Effect.

  • No Default or Consents Neither the execution and delivery of this Agreement nor the carrying out of the transactions contemplated hereby will:

  • No Governmental Proceeding or Litigation No suit, action, investigation, inquiry or other proceeding by any governmental body or other person or legal or administrative proceeding shall have been instituted or threatened which questions the validity or legality of the transactions contemplated hereby.

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