Common use of No Pending Litigation Clause in Contracts

No Pending Litigation. No litigation, tax claim, proceeding, or dispute is pending or, to the Buyer’s knowledge, threatened against or affecting the Buyer or its property, the adverse determination of which might affect the Buyer’s financial condition or operations or impair the Buyer’s ability to perform its obligations under this Agreement or under any other instrument or agreement required by this Agreement.

Appears in 6 contracts

Samples: Profit Interest Agreement (Macau Resources Group LTD), Profit Interest Agreement (Macau Resources Group LTD), Profit Interest Agreement (Asia Entertainment & Resources Ltd.)

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No Pending Litigation. No litigation, tax claim, proceeding, or dispute is pending or, to the BuyerSeller’s knowledge, threatened against or affecting the Buyer Seller or its property, the adverse determination determination. of which might affect the BuyerSeller’s financial condition or operations or impair the BuyerSeller’s ability to perform its obligations under this Agreement or under any other instrument or agreement required by this Agreement.

Appears in 6 contracts

Samples: Profit Interest Agreement (Macau Resources Group LTD), Profit Interest Agreement (Macau Resources Group LTD), Profit Interest Agreement (Asia Entertainment & Resources Ltd.)

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