Common use of Proceedings; Orders Clause in Contracts

Proceedings; Orders. Except as set forth in Part 2.25 of the Seller Disclosure Schedule, there is no pending Proceeding, and to the best of the knowledge of the Seller and the Members no Person has threatened to commence any Proceeding: (i) that involves the Seller or that otherwise relates to or might affect the business of the Seller or any of the Assets (whether or not the Seller is named as a party thereto); or (ii) that challenges, or that may have the effect of preventing, delaying, making illegal or otherwise interfering with, any of the Transactions. Except as set forth in Part 2.25 of the Seller Disclosure Schedule, to the best of the knowledge of the Seller and the Members no event has occurred, and no claim, dispute or other condition or circumstance exists, that might directly or indirectly give rise to or serve as a basis for the commencement of any such Proceeding. Except as set forth in Part 2.25 of the Seller Disclosure Schedule, no Proceeding has ever been commenced by or against the Seller. The Members and the Seller have delivered to the Purchaser accurate and complete copies of all pleadings, correspondence and other written materials (to which any of the Members or the Seller has access and which are not subject to the attorney client privilege or work product doctrine) that relate to the Proceedings identified in Part 2.25 of the Seller Disclosure Schedule. There is no Order to which the Seller, or any of the assets owned or used by the Seller, is subject; and none of the Members or any other Related Party is subject to any Order that relates to the Seller's business or to any of the assets of the Seller. To the best of the knowledge of the Seller and the Members, no employee of the Seller is subject to any Order that may prohibit employee from engaging in or continuing any conduct, activity or practice relating to the business of the Seller. There is no proposed Order that, if issued or otherwise put into effect, (i) may have an adverse effect on the business, condition, assets, liabilities, operations, financial performance or net income of the Seller or on the ability of any Member or the Seller to comply with or perform any covenant or obligation under any of the Transactional Agreements, or (ii) may have the effect of preventing, delaying, making illegal or otherwise interfering with any of the Transactions.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Local Matters Inc.), Asset Purchase Agreement (Local Matters Inc.), Asset Purchase Agreement (Local Matters Inc.)

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Proceedings; Orders. Except as set forth in Part 2.25 of the Seller Target Disclosure Schedule, there is no pending Proceeding, and to the best of the knowledge of the Seller and the Members Shareholders no Person has threatened to commence any Proceeding: (i) that involves the Seller any Target Company or that otherwise relates to or might affect the business of the Seller or any of the Assets Target Company (whether or not the Seller any Target Company is named as a party thereto); or (ii) that challenges, or that may have the effect of preventing, delaying, making illegal or otherwise interfering with, any of the Transactions. Except as set forth in Part 2.25 of the Seller Target Disclosure Schedule, to the best of the knowledge of the Seller and the Members Shareholders no event has occurred, and no claim, dispute or other condition or circumstance exists, that might directly or indirectly give rise to or serve as a basis for the commencement of any such Proceeding. Except as set forth in Part 2.25 of the Seller Target Disclosure Schedule, no Proceeding has ever been commenced by or against the Sellerany Target Company since January 1, 2000. The Members and the Seller Shareholders have delivered or made available to the Purchaser accurate and complete copies of all pleadings, correspondence and other written materials (to which any of the Members Shareholders or any of the Seller Target Companies has access and which are not subject to the attorney client privilege or work product doctrine) that relate to the Proceedings identified in Part 2.25 of the Seller Target Disclosure Schedule. There is no Order to which the Sellerany Target Company, or any of the assets owned or used by the Sellerany Target Company, is subject; and none of the Members Shareholders or any other Related Party is subject to any Order that relates to any of the Seller's Target Companies' business or to any of the assets of the Sellerany Target Company. To the best of the knowledge of the Seller and the MembersShareholders, no employee of the Seller any Target Company is subject to any Order that may prohibit such employee from engaging in or continuing any conduct, activity or practice relating to the business of the Sellerapplicable Target Company. There is no proposed Order that, if issued or otherwise put into effect, (i) may have an adverse effect on the business, condition, assets, liabilities, operations, financial performance or net income of the Seller any Target Company or on the ability of any Member or the Seller Shareholder to comply with or perform any covenant or obligation under any of the Transactional Agreements, or (ii) may have the effect of preventing, delaying, making illegal or otherwise interfering with any of the Transactions.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Local Matters Inc.), Stock Purchase Agreement (Local Matters Inc.), Stock Purchase Agreement (Local Matters Inc.)

Proceedings; Orders. Except as set forth in Part 2.25 2.23 of the Seller Disclosure Schedule, there is no pending Proceeding, and to the best of the knowledge of the Seller and the Members no Person has threatened to commence any Proceeding: (i) that involves the Seller or that otherwise relates to or might affect the business of the Seller or any of the Assets (whether or not the Seller is named as a party thereto); or (ii) that challenges, or that may have the effect of preventing, delaying, making illegal or otherwise interfering with, any of the Transactions. Except as set forth in Part 2.25 2.23 of the Seller Disclosure Schedule, to the best of the knowledge of the Seller and the Members no event has occurred, and no claim, dispute or other condition or circumstance exists, that might directly or indirectly give rise to or serve as a basis for the commencement of any such Proceeding. Except as set forth in Part 2.25 2.23 of the Seller Disclosure Schedule, no Proceeding has ever been commenced by or against the Seller. The Members Shareholders and the Seller have delivered to the Purchaser accurate and complete copies of all pleadings, correspondence and other written materials (to which any of the Members Shareholders or the Seller has access and which are not subject to the attorney client privilege or work product doctrineaccess) that relate to the Proceedings identified in Part 2.25 2.23 of the Seller Disclosure Schedule. There is no Order to which the Seller, or any of the assets owned or used by the Seller, is subject; and none of the Members Shareholders or any other Related Party is subject to any Order that relates to the Seller's ’s business or to any of the assets of the Seller. To the best of the knowledge of the Seller and the MembersShareholders, no employee of the Seller is subject to any Order that may prohibit employee from engaging in or continuing any conduct, activity or practice relating to the business of the Seller. There is no proposed Order that, if issued or otherwise put into effect, (i) may have an adverse effect on the business, condition, assets, liabilities, operations, financial performance or performance, net income or prospects of the Seller or on the ability of any Member Shareholder or the Seller to comply with or perform any covenant or obligation under any of the Transactional Agreements, or (ii) may have the effect of preventing, delaying, making illegal or otherwise interfering with any of the Transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Medical Transcription Billing, Corp)

Proceedings; Orders. Except as set forth in Part 2.25 2.23 of the Seller Disclosure Schedule, there is no pending Proceeding, and to the best of the knowledge of the Seller and the Members no Person has threatened to commence any Proceeding: (i) that involves the Seller Sellers or the General Partners or that otherwise relates to or might affect the business of the Seller Sellers or any of the Assets (whether or not the Seller is Sellers are named as a party thereto); or (ii) that challenges, or that may have the effect of preventing, delaying, making illegal or otherwise interfering with, any of the Transactions. Except as set forth in Part 2.25 2.23 of the Seller Disclosure Schedule, to the best of the knowledge of the Seller and the Members no event has occurred, and no claim, dispute or other condition or circumstance exists, that might directly or indirectly give rise to or serve as a basis for the commencement of any such Proceeding. Except as set forth in Part 2.25 2.23 of the Seller Disclosure Schedule, no Proceeding has ever been commenced by or against the SellerSellers. The Members General Partners and the Seller Sellers have delivered to the Purchaser accurate and complete copies of all pleadings, correspondence and other written materials (to which any of the Members General Partners or the Seller has access and which are not subject to the attorney client privilege or work product doctrineSellers have access) that relate to the Proceedings identified in Part 2.25 2.23 of the Seller Disclosure Schedule. There is no Order to which the SellerSellers, or any of the assets owned or used by the SellerSellers, is subject; and none of the Members General Partners or any other Related Party is subject to any Order that relates to the Seller's Sellers' business or to any of the assets of the SellerSellers. To the best of the knowledge of the Seller Sellers and the MembersGeneral Partners, no employee of the Seller Sellers is subject to any Order that may prohibit such employee from engaging in or continuing any conduct, activity or practice relating to the business of the SellerSellers. There is no proposed Order that, if issued or otherwise put into effect, (i) may have an adverse effect on the business, condition, assets, liabilities, operations, financial performance or performance, net income or prospects of the Seller Sellers or on the ability of any Member General Partner or the Seller Sellers to comply with or perform any covenant or obligation under any of the Transactional Agreements, or (ii) may have the effect of preventing, delaying, making illegal or otherwise interfering with any of the Transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ditech Corp)

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Proceedings; Orders. Except as set forth in Part 2.25 2.22 of the Seller Disclosure Schedule, there is no pending Proceeding, and and, to the best of the knowledge of the Seller and the Members Sellers’ Knowledge, no Person has threatened to commence any Proceeding: (i) that involves the Seller Sellers or that otherwise relates to or might affect the business of the Seller Sellers or any of the Assets (whether or not the a Seller is named as a party thereto); or (ii) that challenges, or that may have the effect of preventing, delaying, making illegal or otherwise interfering with, any of the Transactions. Except as set forth in Part 2.25 2.22 of the Seller Disclosure Schedule, to the best of the knowledge of the Seller and the Members no event has occurred, and no claim, dispute or other condition or circumstance exists, that might directly or indirectly give rise to or serve as a basis for the commencement of any such Proceeding. Except as set forth in Part 2.25 2.22 of the Seller Disclosure Schedule, no Proceeding has ever been commenced by or against the a Seller. The Parent, Members and the Seller Sellers have delivered to the Purchaser accurate and complete copies of all pleadings, correspondence and other written materials (to which any of the Parent, Members or the Seller has access and which are not subject to the attorney client privilege or work product doctrineSellers have access) that relate to the Proceedings identified in Part 2.25 2.22 of the Seller Disclosure Schedule. There is no Order to which the SellerSellers, or any of the assets owned or used by the SellerSellers, is subject; and none of the Members Members, the Parent, or any other Related Party is subject to any Order that relates to the Seller's Sellers’ business or to any of the assets of the SellerSellers. To the best of the knowledge of the Seller and the MembersSellers’ Knowledge, no employee of the Seller Sellers is subject to any Order that may prohibit employee from engaging in or continuing any conduct, activity or practice relating to the business of the SellerSellers. There To Sellers’ Knowledge, there is no proposed Order that, if issued or otherwise put into effect, (i) may have an adverse effect on the business, condition, assets, liabilities, operations, financial performance or performance, net income or prospects of the Seller Sellers or on the ability of the Parent, any Member or the Seller Sellers to comply with or perform any covenant or obligation under any of the Transactional Agreements, or (ii) may have the effect of preventing, delaying, making illegal or otherwise interfering with any of the Transactions.

Appears in 1 contract

Samples: Asset Purchase Agreement

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