Common use of Litigation, Proceedings and Applicable Law Clause in Contracts

Litigation, Proceedings and Applicable Law. There are no Actions, ------------------------------------------ suits, investigations or proceedings, at law or in equity or before or by any governmental authority or instrumentality or before any arbitrator of any kind, pending or, to Seller's knowledge, threatened (a) against Seller which, if determined adversely against Seller, would have a Material Adverse Effect or (b) seeking to delay or enjoin the consummation of the transactions contemplated hereby. To the knowledge of Seller, there are no outstanding orders, decrees or stipulations issued by any federal, state, local or foreign, judicial or administrative authority in any proceeding to which Seller is or was a party relating to the Assets or the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Opti Inc)

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Litigation, Proceedings and Applicable Law. There are no Actionsactions, ------------------------------------------ suits, investigations or proceedings, at law or in equity or before or by any governmental authority or instrumentality or before any arbitrator of any kind, pending or, to Seller's Buyers' knowledge, threatened (a) against Seller Buyers which, if determined adversely against SellerBuyers, would have a Material Adverse Effect materially adversely affect Buyers' ability to operate the Assets or (b) seeking to delay or enjoin the consummation of the transactions contemplated hereby. To the knowledge of Seller, there There are no outstanding orders, decrees or stipulations issued by any federal, state, local or or, to Buyers' knowledge, foreign, judicial or administrative authority in any proceeding to which Seller is Buyers are or was a party relating were parties which would materially adversely affect Buyers' ability to operate the Assets or the BusinessAssets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Qad Inc)

Litigation, Proceedings and Applicable Law. There are no Actions, ------------------------------------------ suits, investigations or proceedings, at law or in equity or before or by any governmental authority or instrumentality or before any arbitrator of any kind, pending or, to such Seller's knowledge, threatened (a) against such Seller which, if determined adversely against such Seller, would have a Material Adverse Effect materially adversely affect the Assets or the Distribution Business or (b) seeking to delay or enjoin the consummation of the transactions contemplated hereby. To the knowledge of Seller, there There are no outstanding orders, decrees or stipulations issued by any federal, state, local or, international or foreign, judicial or administrative authority in any proceeding to which such Seller is or was a party relating to the Assets or the Distribution Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Qad Inc)

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Litigation, Proceedings and Applicable Law. There are no Actions, ------------------------------------------ suits, investigations or proceedings, at law or in equity or before or by any governmental authority or instrumentality or before any arbitrator of any kind, pending or, to Seller's knowledge, threatened (a) against Seller which, if determined adversely against Seller, would have a Material Adverse Effect adversely affect the Assets or the Business or (b) seeking to delay or enjoin the consummation of the transactions contemplated hereby. To the knowledge of Seller, there There are no outstanding orders, decrees or stipulations issued by any federal, state, local local, international or foreign, judicial or administrative authority in any proceeding to which Seller is or was a party relating to the Assets or the Business.

Appears in 1 contract

Samples: Pledge and Security Agreement (Genesis Media Group Inc /De/)

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