Common use of Litigation; Proceedings Clause in Contracts

Litigation; Proceedings. Except as specifically disclosed in the Disclosure Materials, there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any Transaction Document or the Securities or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 12 contracts

Samples: Exchange Agreement (Fonix Corp), Exchange Agreement (Fonix Corp), Exchange Agreement (Fonix Corp)

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Litigation; Proceedings. Except as specifically disclosed in the Disclosure MaterialsMaterials (as hereinafter defined), there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federalFederal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Document Documents or the Securities or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 11 contracts

Samples: Convertible Debenture Purchase Agreement (Innovacom Inc), Convertible Debenture Purchase Agreement (Eurotech LTD), Convertible Debenture Purchase Agreement (Eurotech LTD)

Litigation; Proceedings. Except as specifically disclosed in the Disclosure MaterialsMaterials (as hereinafter defined), there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Document Documents or the Securities or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 8 contracts

Samples: Convertible Debenture Purchase Agreement (Fix Corp International Inc), Convertible Debenture Purchase Agreement (Fix Corp International Inc), Convertible Debenture Purchase Agreement (Fix Corp International Inc)

Litigation; Proceedings. Except as specifically disclosed in the Disclosure MaterialsMaterials (as hereinafter defined), there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federalFederal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Document Documents or the Securities Shares or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Innovative Gaming Corp of America, Innovative Gaming Corp of America

Litigation; Proceedings. Except as specifically disclosed in the Disclosure Materials, Materials (as hereinafter defined) there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federalFederal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Document Documents or the Securities or (ii) could, could individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Usci Inc), Convertible Preferred Stock Purchase Agreement (Usci Inc)

Litigation; Proceedings. Except as specifically disclosed in the ----------------------- Disclosure Materials, there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any Transaction Document or the Securities or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Registration Rights Agreement (Fonix Corp), Registration Rights Agreement (Fonix Corp)

Litigation; Proceedings. Except as specifically disclosed in the Disclosure Materials, there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any Transaction Document or the Securities or (ii) couldwould, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Exchange Agreement (Markland Technologies Inc), Exchange Agreement (NCT Group Inc)

Litigation; Proceedings. Except as specifically disclosed in the Disclosure MaterialsMaterials (as hereinafter defined), there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federalFederal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Document Documents or the Securities or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Network Connection Inc)

Litigation; Proceedings. Except as specifically disclosed in the Disclosure Materials, there is no claim, action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) which if decided adversely to any such Person could (i) adversely affects affect or challenges challenge the legality, validity or enforceability of any Transaction Document or the Securities Shares or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Palatin Technologies Inc)

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Litigation; Proceedings. Except as specifically disclosed in the Disclosure MaterialsMaterials (as defined below), there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against against, or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federalFederal, state, county, local or foreign) which (i) adversely affects to or challenges the legality, validity or enforceability of any of the Transaction Document Documents or the Securities or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (PLC Systems Inc)

Litigation; Proceedings. Except as specifically disclosed in the Disclosure MaterialsMaterials (as defined below), there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against against, or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federalFederal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Document Documents or the Securities or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (PLC Systems Inc)

Litigation; Proceedings. Except as specifically disclosed in the Disclosure Materials, there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any Transaction Document or the Securities Agreement or (ii) couldwould, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 1 contract

Samples: Exchange Agreement (Markland Technologies Inc)

Litigation; Proceedings. Except as specifically disclosed in the Disclosure MaterialsMaterials (as hereinafter defined), there is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries Subsidiary or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Document Documents or the Securities or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase Agreement (Collegiate Pacific Inc)

Litigation; Proceedings. Except as specifically disclosed in the Disclosure MaterialsMaterials (as hereinafter defined), there is no action, suit, written notice of violation, proceeding or investigation pending or, to the best knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) which (i) adversely affects or challenges the legality, validity or enforceability of any Transaction Document this Agreement or the Securities Shares or (ii) could, individually or in the aggregate, have or result in a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Dynatec International Inc)

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