No Violation; Compliance with Laws. Company is not in default under or in violation of (a) its articles of incorporation or bylaws, or (b) any Order. The operations of 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 in excess of $500 upon Company shall be deemed to be a material non-compliance). Neither Company nor any Shareholder has received any notification of any asserted past or present failure by Company to comply with any applicable Law.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Imaging Technologies Corp/Ca), Stock Purchase Agreement (Greenland Corp)
No Violation; Compliance with Laws. The Company is not in default under or in violation of (a) its articles of incorporation or bylaws, bylaws or (b) any Order. The operations of the Company and its predecessors have been conducted in all material respects in compliance accordance 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 in excess of $500 upon Company shall be deemed to be a material non-compliance). Neither the Company nor any 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
Samples: Merger Agreement (Dallas Gold & Silver Exchange Inc /Nv/)
No Violation; Compliance with Laws. The Company is not in default under or in violation of (a) its articles or certificate of incorporation organization and operating agreement or bylaws, other charter documents or (b) any Order. 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 in excess of $500 upon the Company shall be deemed to be a material non-compliance). Neither The Company nor any Shareholder has not received any notification of any asserted past or present failure by the Company to comply with any applicable Law.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Suburban Lodges of America Inc)
