Litigation and Other Claims. Except as described in Schedule 3.11, there are no actions, suits, arbitration proceedings, claims or other proceedings arising out of or related to the Business of the Seller pending or, to the knowledge of Seller, threatened before any foreign, Federal, state, municipal or other court, department, commission, arbitration panel, board, bureau, agency, body or instrumentality against Seller or affecting the Purchased Assets at law or in equity. Seller is not a party to or subject to the provisions of any order, writ, injunction, decree or judgment of any court or foreign, Federal, state, municipal or other governmental or administrative body, department, commission, board, bureau, securities exchange or other agency or instrumentality in connection with the ongoing operations of Seller except as set forth in Schedule 3.11.
Litigation and Other Claims. (A) PENDING AND THREATENED LITIGATION. There are no actions, suits, claims (including products liability claims) or proceedings pending or, to the best knowledge of Transferee, threatened, before any foreign, federal, state, municipal or other governmental court, department, commission, board, bureau, agency, body or instrumentality against Transferee or affecting any of its property or assets at law or in equity, which, if determined adversely to Transferee, net of insurance, would have a material adverse effect on the performance by Transferee of its obligations under or pursuant to this Agreement or Transferee's Closing Documents.
Litigation and Other Claims. 17 3.12 Sufficiency of Purchased Assets ............................... 18 3.13
Litigation and Other Claims. 24 ARTICLE V
Litigation and Other Claims. There are no actions, suits, arbitration proceedings, claims or other proceedings arising out of or related to the Business of the Seller pending or, to the knowledge of Seller, threatened before any foreign, Federal, state, municipal or other court, department, commission, arbitration panel, board, bureau, agency, body or instrumentality against Seller or affecting the Purchased Assets at law or in equity. Seller is not a party to or subject to the provisions of any order, writ, injunction, decree or judgment of any court or foreign, Federal, state, municipal or other governmental or administrative body, department, commission, board, bureau, securities exchange or other agency or instrumentality in connection with the ongoing operations of Seller.
Litigation and Other Claims. Except as described in the Disclosure Document, there are no actions, suits, arbitration proceedings, claims or other proceedings arising out of or related to the business of MTS.
Litigation and Other Claims. 25 3.12 No Material Adverse Change .................................. 25 3.13 Sufficiency of Purchased Assets ............................. 25
Litigation and Other Claims. Except as described in SCHEDULE 3.11, there are no actions, suits, arbitration proceedings, claims or other proceedings arising out of or related to the business of the Seller pending or, to the knowledge of Seller, threatened before any foreign, Federal, state, municipal or other court, department, commission, arbitration panel, board, bureau, agency, body or instrumentality against Seller or affecting the Purchased Assets at law or in equity. Seller is not a party to or subject to the provisions of any order, writ, injunction, decree or judgment of any court or foreign, Federal, state, municipal or other governmental or administrative body, department, commission, board, bureau, securities exchange or other agency or instrumentality in connection with the ongoing operations of Seller except as set forth in SCHEDULE 3.11. PictureTel and Buyer shall share equally in the cash settlement amount paid to PictureTel and MultiLink pursuant to the Settlement Agreement dated November 13, 2000, between Seller, PictureTel, Octave Communications, Inc. and Messrs. Robexx Xxxxx xxx Arthxx Xxxxxxxxx (xxe "Settlement Agreement"). PictureTel has received $100,000 to date pursuant to the Settlement Agreement, of which $50,000 shall be paid to Buyer. All future payments paid to PictureTel or MultiLink pursuant to the Settlement Agreement subsequent to Closing shall be shared equally by PictureTel and Buyer. PictureTel agrees to pay to Buyer half of any such cash received within five days of receipt thereof.
Litigation and Other Claims. Except as disclosed in Exhibit "L" hereto, there are no actions, suits, proceedings, claims (except for normal credits, allowances and discounts), or investigations formally instituted or pending, and to the best of Seller's knowledge, after reasonable inquiry and investigation, none are threatened, against or affecting Fluid, involving any of its properties or other assets, at law or in equity before or by any federal, state, municipal or other governmental court, department, commission, board, bureau, agency or instrumentality, domestic or foreign, or any arbitration panel; nor is Fluid in default under, or to Seller's best knowledge, subject to any order, writ, injunction or decree of any court or federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, or any arbitration panel. There are no actions, suits, or proceedings now pending or, to the best of Seller's knowledge, threatened, which may impair Seller's ability to perform this Agreement. Neither Seller nor Fluid are parties to an agreement in settlement or compromise of any suit or cause of action, instituted or threatened, which may impair Seller's or Fluid's ability to perform this Agreement or which may affect the conduct of the business of Fluid. Fluid has no known liability under any contract or agreement providing for the renegotiation or redetermination of profits or prices with any governmental authority.
Litigation and Other Claims. 13.1 The Company is not engaged in litigation or arbitration, no such proceedings are threatened by or against the Company and, so far as the Warrantors are aware, there are no subsisting circumstances which may give rise to any such proceedings.
