Common use of No Pending Litigation or Proceedings Clause in Contracts

No Pending Litigation or Proceedings. No Litigation is pending or, to the knowledge of any Buyer or CCG, threatened against or affecting CCG or any Affiliate of CCG in connection with any of the transactions contemplated by this Agreement or any Other Agreement to which Buyer and CCG is or is to become a party or that would, to CCG's knowledge, have a material adverse effect on CCG's business considered as a whole. There is presently no outstanding judgment, decree or order of any Governmental Body against or affecting CCG or any Affiliate of CCG in connection with the transactions contemplated by this Agreement or any Other Agreement to which any Buyer or CCG is or is to become a party or that would, to CCG's knowledge, have a material adverse effect on CCG's ability to pay the Subordinated Note.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Clearview Cinema Group Inc), Asset Purchase Agreement (Clearview Cinema Group Inc), Asset Purchase Agreement (Clearview Cinema Group Inc)

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No Pending Litigation or Proceedings. No Litigation is pending or, to the knowledge of any Buyer or CCG, threatened against or affecting CCG or any Affiliate of CCG in connection with any of the transactions contemplated by this Agreement or any Other Agreement to which each Buyer and CCG is or is to become a party or that would, to CCG's knowledge, have a material adverse effect on CCG's business considered as a whole. There is presently no outstanding judgment, decree or order of any Governmental Body against or affecting CCG or any Affiliate of CCG in connection with the transactions contemplated by this Agreement or any Other Agreement to which any Buyer or CCG is or is to become a party or that would, to CCG's knowledge, have a material adverse effect on CCG's ability to pay the Subordinated Notebusiness considered as a whole.

Appears in 1 contract

Samples: Asset Purchase Agreement (Clearview Cinema Group Inc)

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