Common use of Legal Proceedings and Compliance with Law Clause in Contracts

Legal Proceedings and Compliance with Law. Except as set forth in Exhibit 5.19, there is no legal, administrative, arbitration or other proceeding or governmental investigation pending or, to the Best Knowledge of the Company, threatened (including those relating to the health, safety, employment of labor, or protection of the environment) pertaining to the Company which might result in the aggregate in money damages payable by the Company in excess of insurance coverage or which might result in a permanent injunction against the Company. Except as set forth in Exhibit 5.19, the Company has substantially complied with, and is not in default in any respect under any laws, ordinances, requirements, regulations, or orders applicable to the Business, the violation of which might materially and adversely affect it. Except as set forth in such Exhibit, the Company is not a party to any agreement or instrument, nor is it subject to any charter or other corporate restriction or any judgment, order, writ, injunction, decree, rule, regulation, code or ordinance which materially and adversely affects the Business or the Assets.

Appears in 4 contracts

Samples: Asset Purchase and Sale Agreement (Golden West Brewing Company, Inc.), Asset Purchase and Sale Agreement (Global Casinos Inc), Asset Purchase and Sale Agreement (Golden West Brewing Company, Inc.)

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Legal Proceedings and Compliance with Law. Except as set forth in Exhibit 5.196.12, there is no legal, administrative, arbitration or other proceeding or governmental investigation pending or, to the Best Knowledge of the Company, threatened (including those relating to the health, safety, employment of labor, or protection of the environment) pertaining to the Company which might result in the aggregate in money damages payable by the Company in excess of insurance coverage or which might result in a permanent injunction against the Company. Except as set forth in Exhibit 5.196.12, the Company has substantially complied with, and is not in default in any respect under any laws, ordinances, requirements, regulations, or orders applicable to the Business, the violation of which might materially and adversely affect it. Except as set forth in such Exhibit, the Company is not a party to any agreement or instrument, nor is it subject to any charter or other corporate restriction or any judgment, order, writ, injunction, decree, rule, regulation, code or ordinance which materially and adversely affects the Business or the Assets.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Global Casinos Inc)

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