Common use of Outstanding Actions Clause in Contracts

Outstanding Actions. Isodiol is not engaged in or a party to, or to the knowledge of Isodiol threatened with, any material legal action or other proceeding before any court or administrative agency that would impair or prohibit the transactions contemplated by this Agreement. Isodiol, to the knowledge of Isodiol, has not been charged with, and is not under investigation with regard to, any charge concerning any presently pending material violation of any provision of Federal, State, or other applicable law or administrative regulations in respect of its business.

Outstanding Actions. Isodiol is not engaged in or a party Party to, or to the knowledge of Isodiol threatened with, any material legal action or other proceeding before any court or administrative agency that would impair or prohibit the transactions contemplated by this Agreement. Isodiol, to the knowledge of Isodiol, has not been charged with, and is not under investigation with regard to, any charge concerning any presently pending material violation of any provision of Federal, State, or other applicable law or administrative regulations in respect of its business.