Common use of Litigation and Regulatory Action Clause in Contracts

Litigation and Regulatory Action. No litigation or regulatory action shall have been filed or brought against Sellers or the Purchased Asset which forbids or restricts the transactions contemplated hereby.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Ski Lifts Inc), Purchase and Sale Agreement (American Skiing Co)

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Litigation and Regulatory Action. No litigation or regulatory action shall have been filed filed, brought or brought otherwise commenced against Sellers any of Sellers, Buyer or the Purchased Asset Assets which forbids forbids, prohibits or in any way restricts the transactions contemplated hereby, including without limitation the inclusion, incorporation or joinder of Buyer, any of the Sellers or the Purchased Assets in any pending proceedings.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Skiing Co)

Litigation and Regulatory Action. No litigation or regulatory action shall have been filed filed, brought or brought otherwise commenced against Sellers any of Seller or the Subsidiaries, Buyer or the Purchased Asset Assets which forbids forbids, prohibits or in any way restricts the transactions contemplated hereby, including without limitation the inclusion, incorporation or joinder of Buyer, any of the Seller or the Subsidiaries, or the Purchased Assets, in any pending proceedings.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Asc Holdings Inc)

Litigation and Regulatory Action. No litigation or regulatory action shall have been filed filed, brought or brought otherwise commenced against Sellers any of Seller, Purchaser or the Purchased Asset Assets which forbids forbids, prohibits or in any way restricts the transactions contemplated hereby, including without limitation the inclusion, incorporation or joinder of Seller or the Purchased Assets in any pending proceedings.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Skiing Co /Me)

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Litigation and Regulatory Action. No litigation or regulatory action shall have been filed filed, brought or brought otherwise commenced against Sellers any of Seller, Purchaser or the Purchased Asset Assets which forbids forbids, prohibits or in any way restricts the transactions contemplated hereby, including without limitation the inclusion, incorporation or joinder of Purchaser, Seller or the Purchased Assets in any pending proceedings.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Skiing Co /Me)

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