Common use of Pending or Threatened Claims Clause in Contracts

Pending or Threatened Claims. Neither the Corporation nor any of its subsidiaries is a party to any action, suit or proceeding which could materially affect its business or financial condition, and no such actions, suits or proceedings are contemplated or have been threatened.

Appears in 20 contracts

Samples: Stock Purchase Agreement (North American Oil & Gas Corp.), Stock Purchase Agreement (North American Oil & Gas Corp.), Stock Purchase Agreement (North American Oil & Gas Corp.)

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Pending or Threatened Claims. Neither the Corporation nor any of ---------------------------- its subsidiaries is a party to any action, suit or proceeding which could materially affect its business or financial condition, and no such actions, suits or proceedings are contemplated or have been threatened.

Appears in 1 contract

Samples: Subscription Agreement (Netsource Communications Inc)

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