Claims and Legal Proceedings. There is no claim, products liability action, litigation, proceeding or governmental investigation pending or, to the best of Seller's knowledge, threatened, or any order, injunction or decree outstanding, against Seller. To the best of Seller's knowledge, there is no reasonable basis for future claims, litigations, proceedings or investigations against Seller which, if adversely determined, might have a material adverse effect on any of the Assets, the Business as currently being conducted, or the rights, duties or obligations of the parties set forth in this Agreement.
Appears in 2 contracts
Samples: Security Agreement (Phototron Holdings, Inc.), Asset Purchase Agreement (Phototron Holdings, Inc.)
Claims and Legal Proceedings. There is no claim, products liability action, litigation, proceeding or governmental investigation pending or, to the best of Seller's knowledge, threatened, or any order, injunction or decree outstanding, against SellerSellers. To the best of Seller's knowledge, there is no reasonable basis for future claims, litigations, proceedings or investigations against Seller Sellers which, if adversely determined, might have a material adverse effect on any of the Assets, the Business Company business as currently being conducted, or the rights, duties or obligations of the parties set forth in this Agreement.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Growlife, Inc.), Stock Purchase Agreement (mCig, Inc.)
