Common use of Proceedings and Orders Clause in Contracts

Proceedings and Orders. (a) There is no Proceeding pending or, or to Seller’s Knowledge, threatened against or affecting Seller, any of Seller’s properties, assets (including the Purchased Assets), operations or businesses (including the Business), or Seller’s rights relating thereto. To Seller’s Knowledge, no event has occurred, and no condition or circumstance exists, that might directly or indirectly give rise to or serve as a basis for the commencement of any such Proceeding. Seller has delivered to Purchaser true, accurate and complete copies of all pleadings, correspondence and other documents relating to any such Proceeding. No insurance company has asserted in writing that any such Proceeding is not covered by the applicable policy related thereto. (b) Neither Seller, its officers, directors, agents or employees, nor any of Seller’s properties, assets (including the Purchased Assets), operations or businesses (including the Business), nor Seller’s rights relating to any of the foregoing, is subject to any Order or any proposed Order.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Odimo INC), Asset Purchase Agreement (Odimo INC)

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Proceedings and Orders. (a) There Except as set forth on the Seller Disclosure Schedule, there is no Proceeding pending or, or to the Knowledge of Seller’s Knowledge, threatened against or affecting Seller, any of Seller’s ' s properties, assets (including the Purchased Assets), operations or businesses (including the Business), or Seller’s ' s rights relating thereto. To Seller’s ' s Knowledge, no event has occurred, and no condition or circumstance exists, that might directly or indirectly give rise to or serve as a basis for the commencement of any such Proceeding. Seller has delivered to Purchaser true, accurate and complete copies of all pleadings, correspondence and other documents relating to any such Proceeding. No insurance company has asserted in writing that any such Proceeding is not covered by the applicable policy related thereto. (b) Neither Except as set forth in the Seller Disclosure Schedule, neither Seller, its officers, directors, agents or employees, nor any of Seller’s ' s properties, assets (including the Purchased Assets), operations or businesses (including the Business), nor Seller’s ' s rights relating to any of the foregoing, is subject to any Order or any proposed Order.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pc Mall Inc)

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Proceedings and Orders. (a) There Except as set forth on Schedule 4.21, there is no Proceeding pending or, or to Seller’s Knowledge, threatened against or affecting Seller, any of Seller’s properties, assets (including the Purchased Assets), operations or businesses (including the WOW Business), or Seller’s rights relating thereto. To Seller’s Knowledge, no event has occurred, and no condition or circumstance exists, that might directly or indirectly give rise to or serve as a basis for the commencement of any such Proceeding. Seller has delivered to Purchaser true, accurate and complete copies of all pleadings, correspondence and other documents relating to any such Proceeding. No insurance company has asserted in writing that any such Proceeding is not covered by the applicable policy related thereto. (b) Neither Seller, its officers, directors, agents or employees, nor any of Seller’s properties, assets (including the Purchased Assets), operations or businesses (including the WOW Business), nor Seller’s rights relating to any of the foregoing, is subject to any Order or any proposed Order.

Appears in 1 contract

Samples: Asset Purchase Agreement (Odimo INC)

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