Common use of Restrictions; Burdensome Agreements Clause in Contracts

Restrictions; Burdensome Agreements. Seller is not a party to any contract, commitment or agreement, and neither the Company nor the Seller or any of their respective properties and assets are subject to or bound or affected by, any charter, bylaw or other corporate restriction or any order, judgment, decree, law, statute, ordinance, rule, regulation or other restriction of any kind or character that would prevent Seller from entering into this Agreement or from consummating the sale of the Shares contemplated hereby.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Applied Dna Sciences Inc), Stock Purchase Agreement (Applied Dna Sciences Inc)

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Restrictions; Burdensome Agreements. Seller is not a party to any contract, commitment or agreement, and neither the Company Seller nor the Seller or any of their respective properties and assets Assets are subject to or bound or affected by, by any charter, bylaw bylaw, partnership agreement or other corporate restriction or partnership restriction, or any order, judgment, decree, law, statute, ordinance, rule, regulation or other restriction of any kind or character that character, which would prevent Seller from entering into this Agreement or from consummating the sale of the Shares transactions contemplated herebyby this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Usol Holdings Inc), Asset Purchase Agreement (Usol Holdings Inc)

Restrictions; Burdensome Agreements. Seller is not a party to any contract, contract commitment or agreement, and neither Seller now the Company nor the Seller or any of their respective properties and assets Assets are subject to or bound or affected by, by any charter, bylaw bylaw, partnership agreement or other corporate restriction or partnership restriction, or any other order, judgmentjudgement, decree, law, statute, ordinance, rule, regulation or other restriction of any kind or character that which would prevent Seller from entering into this Agreement or from consummating the sale of the Shares transactions contemplated herebyby this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Competitive Companies Inc), Asset Purchase Agreement (Third Enterprise Service Group Inc)

Restrictions; Burdensome Agreements. Seller is not a party to any contract, commitment or agreement, and neither Seller is not and the Company nor the Seller or any of their respective properties and assets are Property is not subject to or bound or affected by, by any charter, bylaw by-law, certificate or other other, corporate restriction restriction, or any order, judgment, decree, law, statute, ordinance, rule, regulation Laws or other restriction of any kind or character that Environmental Laws which (a) would prevent Seller from entering into this Agreement or from consummating the sale of the Shares transactions contemplated hereby, or (b) to Seller’s best knowledge and belief, may adversely affect the Property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Healthsouth Corp)

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Restrictions; Burdensome Agreements. Seller is not a party to any material contract, commitment or agreement, and neither the Company Seller nor the Seller or any of their respective properties and assets Assets are subject to or bound or affected by, by any charter, bylaw bylaw, partnership agreement or other corporate restriction partnership restriction, or any material order, judgment, decree, law, statute, ordinance, rule, regulation or other restriction of any kind or character that character, which would prevent Seller from entering into this Agreement or from consummating the sale of the Shares transactions contemplated herebyby this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Third Enterprise Service Group Inc)

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