No Violation; Compliance with Laws. Except as set forth in the Disclosure Memorandum, the Company and the Company Subsidiaries are not in default under or in violation of (a) its Charter Documents or bylaws, or (b) any Order. Except as set forth in the Disclosure Memorandum, the operations of the Company and its predecessors have been conducted in all material respects in compliance with all applicable Laws. (For purposes of this paragraph, any violation of applicable Law that could result in imposition of a fine or other monetary penalty upon the Company shall be deemed to be a Material non-compliance). Neither the Company nor any Company Shareholder has received any notification of any asserted past or present failure by the Company to comply with any applicable Law.
Appears in 3 contracts
Samples: Share Purchase Agreement (Aremissoft Corp /De/), Share Purchase Agreement (Aremissoft Corp /De/), Share Purchase Agreement (Aremissoft Corp /De/)
No Violation; Compliance with Laws. Except as set forth in the Disclosure Memorandum, the Company and the Company Subsidiaries are is not in default under or in violation of (a) its Charter Documents articles of incorporation or bylaws, bylaws or (b) any Orderorder. Except as set forth in the Disclosure Memorandum, the operations of the Company and its predecessors have been conducted in all material respects in compliance with all applicable Laws. (For purposes of this paragraphsection, any violation of applicable Law that could result in imposition of a fine or other monetary penalty upon the Company shall be deemed to be a Material material non-compliance). Neither the Company nor any Company Shareholder has received any notification of any asserted past or present failure by the Company to comply with any applicable Law.
Appears in 1 contract
No Violation; Compliance with Laws. Except as set forth in the Disclosure Memorandum, to the best of its knowledge the Company and the Company Subsidiaries are is not in default under or in violation of (a) its Charter Documents articles of incorporation or bylaws, bylaws or (b) any Orderorder. Except as set forth in the Disclosure Memorandum, the operations of the Company and its predecessors have been conducted in all material respects in compliance with all applicable Laws. (For purposes of this paragraphsection, any violation of applicable Law that could result in imposition of a fine or other monetary penalty upon the Company shall be deemed to be a Material material non-compliance). Neither the Company nor any Company Shareholder has received any notification of any asserted past or present failure by the Company to comply with any applicable Law.
Appears in 1 contract