Common use of Material Proceedings Clause in Contracts

Material Proceedings. No action, suit, proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries or any of its or their properties is pending or, to the knowledge of the Company, threatened, that could reasonably be expected to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Subscription Agreement (FusionTech, Inc.), Subscription Agreement (Nova Lifestyle, Inc.), Regulation S Subscription Agreement (Nova Lifestyle, Inc.)

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Material Proceedings. No action, suit, proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries or any of its or their properties is pending or, to the knowledge of the Company, threatened, that could reasonably be expected to have a material adverse effect to the business, operations or financial condition of the Company (a “Material Adverse Effect.”)

Appears in 3 contracts

Samples: Subscription Agreement (IASO BioMed, Inc.), Subscription Agreement (Clean Energy Technologies, Inc.), Subscription Agreement (Clean Energy Technologies, Inc.)

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