Common use of Operations in Conformity With Law, etc Clause in Contracts

Operations in Conformity With Law, etc. The operations of the -------------------------------------- Company and its Subsidiaries as now conducted are not in violation of, nor are the Company or its Subsidiaries in default under, any Legal Requirements presently in effect, except for such violations and defaults as do not and will not, in the aggregate, have a Material Adverse Effect. The Company has received no notice of any such violation or default and has no knowledge of any basis on which the operations of the Company or its Subsidiaries, when conducted as currently proposed to be conducted after the Closing Date, would be held so as to violate or to give rise to any such violation or default. The Company and its Subsidiaries have all franchises, licenses, permits or other authority presently necessary for the conduct of their business as now conducted, except for such franchises, licenses, permits or other authority the absence of which would not be reasonably likely to result in a Material Adverse Effect. Based on the facts presently known to the Company, all future expenditures on the part of the Company or its Subsidiaries required to meet the provisions of any presently existing Legal Requirement (including Legal Requirements relating to employment practices or to occupational or health standards or to environmental considerations) will not, in the aggregate, have a Material Adverse Effect.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Physician Health Corp), Securities Purchase Agreement (Physician Health Corp)

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Operations in Conformity With Law, etc. The operations of the -------------------------------------- Company and its Subsidiaries as now conducted are not in violation of, nor are is the Company or its Subsidiaries in default under, any Legal Requirements presently in effect, except for such violations and defaults as do not and will not, in the aggregate, have a Material Adverse Effect. The Company has received no notice of any such violation or default and has no knowledge of any basis on which the operations of the Company or its Subsidiaries, when conducted as currently proposed to be conducted after the Closing Date, would be held so as to violate or to give rise to any such violation or default. The Company and its Subsidiaries have all franchises, licenses, permits or other authority presently necessary for the conduct of their business as now conducted, except for such franchises, licenses, permits or other authority the absence of which would not be reasonably likely to result in a Material Adverse Effect. Based on the facts presently known to the Company, all future expenditures on the part of the Company or its Subsidiaries required to meet the provisions of any presently existing Legal Requirement (including Legal Requirements relating to employment practices or to occupational or health standards or to environmental considerations) will not, in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (O Ray Holdings Inc)

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Operations in Conformity With Law, etc. The operations of the -------------------------------------- Company and its Subsidiaries as now conducted are not in violation of, nor are is the Company or any of its Subsidiaries in default under, any Legal Requirements presently in effect, except for such violations and defaults as do not and will not, in the aggregate, have a Material Adverse Effect. The Company has received no notice of any such violation or default and has no knowledge of any basis on which the operations of the Company or its Subsidiaries, when conducted as currently proposed to be conducted after the Closing Date, would be held so as to violate or to give rise to any such violation or default. The Company and its Subsidiaries have all franchises, licenses, permits or other authority presently necessary for the conduct of their business as now conducted, except for where the failure to obtain such franchises, licenses, permits or other authority the absence of which has not had nor would not be reasonably likely to result in a Material Adverse Effect. Based on the facts presently known to the Company, all future expenditures on the part of the Company or its Subsidiaries required to meet the provisions of any presently existing Legal Requirement (including Legal Requirements relating to employment practices or to occupational or health standards or to environmental considerations) will not, in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Digital Commerce Corp)

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