Common use of Product Liability Clause in Contracts

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury or damage to property as a result of the ownership, possession, or use of any products sold, provided, or delivered by the Seller or its Subsidiaries.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Nexgel, Inc.), Asset Purchase Agreement (Nexgel, Inc.)

AutoNDA by SimpleDocs

Product Liability. To the SellerBuyer’s Knowledgeknowledge, neither the Seller nor its Subsidiaries Buyer does not have any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesBuyer.

Appears in 2 contracts

Samples: Stock for Stock Exchange Agreement (Vincera, Inc.), Stock for Stock Exchange Agreement (Vincera, Inc.)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any Liability The Buyer has no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesBuyer.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Spectra Systems Corp)

Product Liability. To the Seller’s Sellers' Knowledge, neither the Seller nor its Subsidiaries have any Company has no ----------------- Liability (and to the Sellers' Knowledge there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesCompany.

Appears in 1 contract

Samples: Stock Purchase Agreement (Intellisys Group Inc)

Product Liability. To the Seller’s Knowledge, neither the The Seller nor its Subsidiaries have any has no Liability (and there is no Basis ------------------ for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them the Seller giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Benthos Inc)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any Liability has had no liability (and there is no Basis known basis for any present or future action, suitlawsuit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products sold, provided, or delivered by the Seller or its SubsidiariesProduct.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vascular Solutions Inc)

Product Liability. To the Seller’s Knowledge, neither the Neither Seller nor its Subsidiaries have the Business has any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them it giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the sale of the Products, ownership, possession, possession or use of any products sold, provided, of the Acquired Assets or delivered by operation of the Seller or its SubsidiariesBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ap Pharma Inc /De/)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by Seller to the Seller or its SubsidiariesRetail Customers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hillman Companies Inc)

Product Liability. To the Seller’s 's Knowledge, neither the Seller nor its Subsidiaries have any Liability has no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products Purchased Product manufactured, sold, provided, or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cox Technologies Inc)

Product Liability. To the Seller’s Knowledge, neither the The Seller nor its Subsidiaries have any Liability has no liability (and there is no Basis known basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Sale and Purchase Agreement (Labarge Inc)

Product Liability. To the Seller’s Knowledge, neither the The Seller nor its Subsidiaries have any has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alpha Technologies Group Inc)

Product Liability. To The Seller has no liability (and, to the Knowledge of the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them the Seller giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, possession or use of any products sold, provided, Product or service sold or delivered by the Seller or its Subsidiariesin the connection with the Seller’s Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avensys CORP)

Product Liability. To the Seller’s Knowledge, neither the The Seller nor its Subsidiaries have any has no Liability (and there is no Basis for any present or future charge, complaint, action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to persons or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Quixote Corp)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any has no Liability (and there is to Seller's knowledge no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving has been threatened that would give rise to any LiabilityLiability of Seller) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Symphonix Devices Inc)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Arrhythmia Research Technology Inc /De/)

Product Liability. To the Seller’s Sellers’ Knowledge, neither the Seller nor its Subsidiaries Sellers have any Liability no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, possession or use of any products product manufactured, sold, provided, leased or delivered by the Seller or its SubsidiariesSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nature Vision, Inc.)

Product Liability. To the Seller’s 's Knowledge, neither the Seller nor its Subsidiaries Business does not have any material Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, possession or use of any products product manufactured, sold, provided, leased or delivered by the Seller or its SubsidiariesBusiness.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tecumseh Products Co)

Product Liability. To the Seller’s KnowledgeSeller has no liability for, neither the Seller nor its Subsidiaries have any Liability (and to sellers knowledge, after reasonable investigations, where practicable, there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against the Seller which could give rise to, any of them giving rise to any Liability) liability arising out of any injury or damage to property individuals as a result of the ownership, possession, or use of any products product manufactured, sold, provided, or delivered by the Seller or its Subsidiaries.Seller. 4.23

Appears in 1 contract

Samples: Stock Purchase Agreement (Caraco Pharmaceutical Laboratories LTD)

Product Liability. To the Seller’s best of Sellers' Actual Knowledge, neither the Seller nor its Subsidiaries Company does not have any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesCompany.

Appears in 1 contract

Samples: Stock Purchase Agreement (Glacier Corp)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its None of Sellers or any of their Subsidiaries have has any material Liability (and to the Knowledge of Sellers, there is no Basis valid basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving that, if adversely determined, would give rise to any material Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the any Seller or any of its Subsidiaries.

Appears in 1 contract

Samples: Asset Purchase Agreement (Riverstone Networks Inc)

Product Liability. To the Seller’s Knowledge, neither the No Seller nor its Subsidiaries have has any Liability (and there is no ----------------- Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products sold, provided, or delivered by of the Seller or its SubsidiariesAcquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Interpore International /Ca/)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them Seller giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, ownership or use operation of any products sold, provided, the Business or delivered by the Seller or its SubsidiariesPurchased Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Corvel Corp)

Product Liability. To Seller has no liability (and, to the best of Seller’s Knowledge's knowledge, neither the Seller nor its Subsidiaries have any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them Seller giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, possession or use of any products product manufactured, sold, provided, leased or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Schick Technologies Inc)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any Liability has no liability (and there is Seller has no Basis knowledge of any basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them Seller giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, possession or use of any products soldproduct manufactured, provided, sold or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ballistic Recovery Systems Inc)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any has no Liability (and there is no Basis for any present or future charge, complaint, action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them it giving rise to any Liability) arising out of any injury to persons or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by Seller in connection with the Seller or its SubsidiariesBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cardiodynamics International Corp)

AutoNDA by SimpleDocs

Product Liability. To the Seller’s Knowledge, neither Neither the Seller nor its Subsidiaries have the Seller's Business has any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its Subsidiariesthe Seller's Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Liska Biometry Inc)

Product Liability. To The Purchaser has no liability (and, to the SellerPurchaser’s Knowledge, neither the Seller nor its Subsidiaries have any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, Legal Proceeding or demand Order against any of them the Purchaser giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, possession or use of any products sold, provided, product sold or delivered by the Seller Purchaser or its SubsidiariesAffiliates.

Appears in 1 contract

Samples: Stock Purchase Agreement (Science Dynamics Corp)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any Liability has no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them it giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, possession or use of any products product manufactured, sold, provided, leased or delivered or services rendered by the Seller or its SubsidiariesBusiness.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Iquniverse Inc)

Product Liability. To Seller has no liability (and, to the knowledge ----------------- of Seller’s Knowledge, neither the Seller nor its Subsidiaries have any Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them it giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, possession or use of any products product manufactured, sold, provided, leased or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Technology Purchase Agreement (Lasersight Inc /De)

Product Liability. To Sellers have no Liability (and, to the Seller’s best of Sellers' Knowledge, neither the Seller nor its Subsidiaries have any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesSellers.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Del Webb Corp)

Product Liability. To the Seller’s 's Knowledge, neither the Seller nor its Subsidiaries have any it has no Liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, provided, or delivered by the Seller or its Subsidiaries.Seller. 3.23

Appears in 1 contract

Samples: Asset Purchase Agreement (New England Business Service Inc)

Product Liability. To the Seller’s Knowledgeknowledge of the Vendor, neither the Seller nor its Subsidiaries have any Liability Vendor has no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesVendor in the Purchased Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bell Microproducts Inc)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any Liability (and there is Sellers' knowledge it has no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) liabilities arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product or by-product manufactured, sold, providedleased, transported, exchanged, swapped, conveyed or delivered by the Seller or its SubsidiariesSellers' he me Business.

Appears in 1 contract

Samples: Definitive Agreement (Wellstar International, Inc.)

Product Liability. To the Seller’s Knowledge, neither the The Seller nor its Subsidiaries does not have any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Chyron Corp)

Product Liability. To The Buyer does not have any pending, or to the SellerBuyer’s Knowledge, neither the Seller nor its Subsidiaries have any Liability (and there is no Basis for any present threatened, liability arising from or future action, suit, proceeding, hearing, investigation, charge, complaint, claimrelated to personal injury of, or demand against any of them giving rise to any Liability) arising out of any injury property damage or damage to property economic loss to, individuals or property, as the case may be, as a result of the ownership, possession, or use (not including possession or use by employees or contractors of the Buyer) of any products product manufactured, sold, providedleased, consigned or delivered by the Seller or its SubsidiariesBuyer.

Appears in 1 contract

Samples: Merger Agreement (Healthsport, Inc.)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have does not know of any Liability liability (and ----------------- there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, claim or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products soldproduct manufactured, providedsold leased, or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Thinka Weight Loss Corp)

Product Liability. To the Seller’s Knowledge, neither the Seller nor its Subsidiaries have any Liability has no liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Culp Inc)

Product Liability. To the Seller’s Knowledge, neither the Neither Seller nor its Subsidiaries have has any Liability (and there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them such Seller giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by the Seller or its Subsidiarieseither Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Source Information Management Co)

Product Liability. To the Seller’s Knowledge, neither None of the Seller nor and its Subsidiaries have has any Liability liability (and there is no Basis basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them giving rise to any Liabilityliability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products product manufactured, sold, providedleased, or delivered by any of the Seller or and its Subsidiaries.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Spectra Systems Corp)

Product Liability. To the Seller’s Knowledge, neither the The Seller nor its Subsidiaries does not have any Liability (and and, to the Knowledge of the Seller, there is no Basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of them it giving rise to any Liability) arising out of any injury to individuals or damage to property as a result of the ownership, possession, or use of any products sold, provided, product sold or delivered by the Seller or its SubsidiariesSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pinnacle Data Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!