Common use of Obligations; Authorizations Clause in Contracts

Obligations; Authorizations. Each of the Sellers is not (i) in violation of any judgment, order, injunction, award or decree which is binding on him, her or it, or any of his, her or its assets, properties, operations or business which violation, by itself or in conjunction with any other such violation, would materially and adversely affect the consummation of the transaction contemplated hereby; or (ii) in violation of any law or regulation or any other requirement of any governmental body, court or arbitrator relating to him, her or it, or to his, her or its assets, operations or businesses which violation, by itself or in conjunction with other violations of any other law, regulation or other requirement, would materially adversely affect the consummation of the transaction contemplated hereby.

Appears in 3 contracts

Samples: Share Purchase and Sale Agreement (Alchemical Capital Corp.), Share Purchase and Sale Agreement (Dragon's Lair Holdings, Inc.), Stock Purchase and Sale Agreement (Southern Sauce Company, Inc.)

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Obligations; Authorizations. Each None of the Sellers is not (i) ---------------------------- in violation of any judgment, order, injunction, award or decree which is binding on him, her or it, or any of his, her or its assets, properties, operations or business which violation, by itself or in conjunction with any other such violation, would materially and adversely affect the consummation of the transaction contemplated hereby; or (ii) in violation of any law or regulation or any other requirement of any governmental body, court or arbitrator relating to him, her or it, or to his, her or its assets, operations or businesses which violation, by itself or in conjunction with other violations of any other law, regulation or other requirement, would materially adversely affect the consummation of the transaction contemplated hereby.

Appears in 2 contracts

Samples: Stock Purchase Agreement (DentalServ.com), Stock Purchase Agreement (International Imaging Systems Inc)

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