Common use of Product Liability Clause in Contracts

Product Liability. Target has no material liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developed, sold, leased, or delivered by Target.

Appears in 7 contracts

Samples: Stock Purchase Agreement (Caneum Inc), Agreement to Purchase Stock (Caneum Inc), Stock Exchange Agreement (Caneum Inc)

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Product Liability. Target has no material liability Liability (whether known and there is no Basis for any present or unknownfuture action, whether asserted suit, proceeding, hearing, investigation, charge, complaint, claim, or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or demand against any of them giving rise to become dueany Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by Target.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Ultralife Batteries Inc), Stock Purchase Agreement (Ultralife Batteries Inc), Stock Purchase Agreement (Ultralife Batteries Inc)

Product Liability. Target has no material liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by Target.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Cinedigm Digital Cinema Corp.), Stock Purchase Agreement (Renegade Venture Nev Corp), Stock Purchase Agreement (Renegade Venture Nev Corp)

Product Liability. Target has does not have any Liability (and there is no material liability (whether known Basis for any present or unknownfuture action, whether asserted suit, proceeding, hearing, investigation, charge, complaint, claim, or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or demand against it giving rise to become dueany Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by Target.

Appears in 2 contracts

Samples: Business Sale and Membership Interest (Penford Corp), Business Sale and Membership Interest (Penford Corp)

Product Liability. To the Target’s Knowledge, the Target has does not have any Liability (and there is no material liability (whether known Basis for any present or unknownfuture action, whether asserted suit, proceeding, hearing, investigation, charge, complaint, claim, or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or demand against any of them giving rise to become dueany Liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by the Target.

Appears in 2 contracts

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

Product Liability. Target has no material liability (whether known and to the knowledge of Target there is no basis for any present or unknownfuture action, whether asserted suit, proceeding, hearing, investigation, charge, complaint, claim, or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or demand against it giving rise to become dueany liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by TargetTarget ("Product Liability").

Appears in 2 contracts

Samples: Share Purchase Agreement (Tiger Telematics Inc), Share Purchase Agreement (Tiger Telematics Inc)

Product Liability. To the Knowledge of the Stockholders and the Target, the Target has no does not have any material liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by the Target.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Claimsnet Com Inc)

Product Liability. None of Target and its Subsidiaries has no any material ----------------- liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by Targetany of Target and its Subsidiaries.

Appears in 1 contract

Samples: Stock Exchange Agreement (Sequiam Corp)

Product Liability. The Target has no material liability (whether ----------------- known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developed, sold, leased, or licensed and delivered by the Target.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Imall Inc)

Product Liability. The Target has no material liability (does not have any liability, whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) , arising out of any injury to individuals or property as a result of the ownership, possession, possession or use of any product developedmanufactured, sold, leased, leased or delivered by any Target.

Appears in 1 contract

Samples: Stock Purchase Agreement (Industrial Holdings Inc)

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Product Liability. No Target has no any material liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedand/or good manufactured, sold, leased, or delivered by any Target.

Appears in 1 contract

Samples: Purchase Agreement

Product Liability. None of Target and its Subsidiaries has no any material liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by Targetany of Target and its Subsidiaries.

Appears in 1 contract

Samples: Stock Purchase Agreement (Stanadyne Corp)

Product Liability. The Target has no material liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by the Target.

Appears in 1 contract

Samples: Contribution Agreement (TRX Inc/Ga)

Product Liability. To the Knowledge of the Target, the Target has no material liability does not have any Liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by any of the Target.

Appears in 1 contract

Samples: Merger Agreement (Cellu Tissue Holdings, Inc.)

Product Liability. None of the Target and its Subsidiaries has no any material liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product developedmanufactured, sold, leased, or delivered by Targetany of the Target and its Subsidiaries.

Appears in 1 contract

Samples: Share Purchase Agreement (Pivotal Corp)

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