No Material Labor Dispute Clause Samples
The "No Material Labor Dispute" clause ensures that, at the time of entering into the agreement, the party (typically an employer or contractor) is not experiencing any significant labor strikes, work stoppages, or other major disputes with its workforce. In practice, this clause requires the party to confirm that there are no ongoing or threatened labor actions that could disrupt business operations or project timelines. Its core function is to provide assurance to the other party that labor-related issues will not interfere with the performance of contractual obligations, thereby reducing the risk of delays or interruptions.
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No Material Labor Dispute. No material labor dispute with the employees of the Company or any of its subsidiaries exists, except as described in or contemplated by the Offering Memorandum, or, to the knowledge of the Company, is imminent; and the Company is not aware of any existing, threatened or imminent labor disturbance by the employees of any of its principal suppliers, manufacturers or contractors that could result in any Material Adverse Effect.
No Material Labor Dispute. No material labor dispute with the employees of the Company, the Parent Guarantor or any of their subsidiaries exists or, to the knowledge of the Company and the Parent Guarantor, is imminent except where such dispute would not result in a Material Adverse Change; and the Company and the Parent Guarantor are not aware of any existing, threatened or imminent labor disturbance by the employees of any of its contractors or subcontractors that would result in a Material Adverse Change.