Regulatory and Legal Compliance. Seller is in compliance in all material respects with all Legal Requirements. Seller has not received any notice from any governmental authority or any other Person of any alleged violation or noncompliance. As used herein, the term “Legal Requirements” means, with respect to any Person, all foreign, federal, state and local statutes, laws, ordinances, judgments, decrees, orders, rules, regulations, policies and guidelines applicable to such Person.
Appears in 2 contracts
Samples: Asset Purchase Agreement (BOSTON OMAHA Corp), Asset Purchase Agreement (BOSTON OMAHA Corp)
Regulatory and Legal Compliance. Seller is in compliance in all material respects with all Legal Requirements. Seller has not received any notice from any governmental authority or any other Person of any alleged violation or noncompliance. As used herein, the term “Legal Requirements” means, with respect to any Person, all foreign, federal, state and or local statutes, laws, ordinances, judgments, decrees, orders, orders or governmental rules, regulations, policies and guidelines applicable to such Personit, except where noncompliance would not have a Material Adverse Effect. Seller has not received any written notice from any governmental or regulatory authority or otherwise of any alleged violation or noncompliance.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Sentex Sensing Technology Inc), Asset Purchase Agreement (Metrisa Inc)
Regulatory and Legal Compliance. Seller is in compliance in all material respects with all Legal Requirements. Seller has not received any notice from any governmental authority or any other Person of any alleged violation or noncompliance. As used herein, the term “Legal Requirements” means, with respect to any Person, all foreign, federal, state and or local statutes, laws, ordinances, judgments, decrees, orders, orders or governmental rules, regulations, policies and guidelines applicable to such Personit relating to the Business, except where noncompliance would not have a Material Adverse Effect. Seller has not received any written notice from any governmental or regulatory authority or otherwise of any alleged violation or noncompliance relating to the Business.
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