Legal Actions and Orders. There are no Legal Actions pending or, to the Knowledge of the Target, threatened: (i) alleging any infringement, misappropriation or violation of the Intellectual Property of any Person by the Target, (ii) challenging the validity, enforceability or ownership of any Target-Owned IP or the Target’s rights with respect to any Target IP, in each case except for such Legal Actions that would not reasonably be expected to have, individually or in the aggregate, a Target Material Adverse Effect. The Target is not subject to any outstanding Order that restricts or impairs the use of any Target IP, except where compliance with such Order would not reasonably be expected to have, individually or in the aggregate, a Target Material Adverse Effect.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Clearlake Capital Partners Ii Lp), Agreement and Plan of Merger (Veramark Technologies Inc), Agreement and Plan of Merger (Veramark Technologies Inc)
Legal Actions and Orders. There are no Legal Actions pending or, to To the Knowledge of the Target, there are no Legal Actions pending or threatened: (i) alleging any infringement, misappropriation or violation of the Intellectual Property of any Person by the Target, Target or any of its Subsidiaries; (ii) challenging the validity, enforceability or ownership of any Target-Owned IP or the Target’s Target or any of its Subsidiaries’ rights with respect to any Target IP, in each case except for such Legal Actions that would not reasonably be expected to have, individually or in the aggregate, a Target Material Adverse Effect. The Target is and its Subsidiaries are not subject to any outstanding Order that restricts or impairs the use of any Target IP, except where compliance with such Order would not reasonably be expected to have, individually or in the aggregate, a Target Material Adverse Effect.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Vaporin, Inc.), Agreement and Plan of Merger (Vapor Corp.)
