Common use of Regulatory and Legal Compliance Clause in Contracts

Regulatory and Legal Compliance. Seller is in compliance with all foreign, federal, state or local statutes, laws, ordinances, judgments, decrees, orders or governmental rules, regulations, policies and guidelines applicable to it, 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)

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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 or and local statutes, laws, ordinances, judgments, decrees, orders or governmental orders, rules, regulations, policies and guidelines applicable to it, 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 noncompliancesuch Person.

Appears in 2 contracts

Samples: Asset Purchase Agreement (BOSTON OMAHA Corp), Asset Purchase Agreement (BOSTON OMAHA Corp)

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Regulatory and Legal Compliance. Seller is in compliance with all foreign, federal, state or local statutes, laws, ordinances, judgments, decrees, orders or governmental rules, regulations, policies and guidelines applicable to itit 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 noncompliancenoncompliance relating to the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Metrisa Inc)

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