Common use of Prior Legal Matters Clause in Contracts

Prior Legal Matters. Each Founder has not been (a) subject to voluntary or involuntary petition under any bankruptcy or insolvency law or the appointment of a receiver, fiscal agent or similar officer by a court for his business or property; (b) convicted in a criminal proceeding or named as a subject of a pending criminal proceeding (excluding traffic violations and other minor offenses); (c) subject to any order, judgment, or decree (not subsequently reversed, suspended, or vacated) of any court of competent jurisdiction permanently or temporarily enjoining him from engaging, or otherwise imposing limits or conditions on his engagement in any securities, investment advisory, banking, insurance, or other type of business or acting as an officer or director of a public company; or (d) found by a court of competent jurisdiction in a civil action or by any governmental or regulatory authority to have violated any securities, commodities or unfair trade practices law, which such judgment or finding has not been subsequently reversed, suspended, or vacated.

Prior Legal Matters. Each The Founder has not been (a) subject to voluntary or involuntary petition under any bankruptcy or insolvency law Law or the appointment of a receiver, fiscal agent or similar officer by a court for his business or property; (b) convicted in a criminal proceeding or named as a subject of a pending criminal proceeding (excluding traffic violations and other minor offenses); (c) subject to any order, judgment, or decree (not subsequently reversed, suspended, or vacated) of any court of competent jurisdiction permanently or temporarily enjoining him from engaging, or otherwise imposing limits or conditions on his engagement in any securities, investment advisory, banking, insurance, or other type of business or acting as an officer or director of a public company; or (d) found by a court of competent jurisdiction in a civil action or by any governmental or regulatory authority to have violated any securities, commodities or unfair trade practices lawLaw, which such judgment or finding has not been subsequently reversed, suspended, or vacated.

Prior Legal Matters. Each Founder Such Management Shareholder has not been (ai) subject to voluntary or involuntary petition under any bankruptcy or insolvency law Law or the appointment of a receiver, fiscal agent or similar officer by a court for his business or property; (bii) convicted in a criminal proceeding or named as a subject of a pending criminal proceeding (excluding traffic violations and other minor offenses); (ciii) subject to any order, judgment, or decree (not subsequently reversed, suspended, or vacated) of any court of competent jurisdiction permanently or temporarily enjoining him from engaging, or otherwise imposing limits or conditions on his engagement in any securities, investment advisory, banking, insurance, or other type of business or acting as an officer or director of a public company; or (div) found by a court of competent jurisdiction in a civil action or by any governmental Governmental or regulatory authority Regulatory Authority to have violated any securities, commodities or unfair trade practices lawLaw, which such judgment or finding has not been subsequently reversed, suspended, or vacated.

Prior Legal Matters. Each Founder Such Ordinary Shareholder has not been (ai) subject to voluntary or involuntary petition under any bankruptcy or insolvency law Law or the appointment of a receiver, fiscal agent or similar officer by a court for his business or property; (bii) convicted in a criminal proceeding or named as a subject of a pending criminal proceeding (excluding traffic violations and other minor offenses); (ciii) subject to any order, judgment, or decree Order (not subsequently reversed, suspended, or vacated) of any court of competent jurisdiction permanently or temporarily enjoining him from engaging, or otherwise imposing limits or conditions on his engagement in any securities, investment advisory, banking, insurance, or other type of business or acting as an officer or director of a public company; or (div) found by a court of competent jurisdiction in a civil action or by any governmental or regulatory authority Governmental Authority to have violated any securities, commodities or unfair trade practices lawLaw, which such judgment or finding has not been subsequently reversed, suspended, or vacated.

Prior Legal Matters. Each Such Founder has not been (a) subject to voluntary or involuntary petition under any bankruptcy or insolvency law or the appointment of a receiver, fiscal agent or similar officer by a court for his business or property; (b) convicted in a criminal proceeding or named as a subject of a pending criminal proceeding (excluding traffic violations and other minor offenses); (c) subject to any order, judgment, or decree (not subsequently reversed, suspended, or vacated) of any court of competent jurisdiction permanently or temporarily enjoining him from engaging, or otherwise imposing limits or conditions on his engagement in any securities, investment advisory, banking, insurance, or other type of business or acting as an officer or director of a public company; or (d) found by a court of competent jurisdiction in a civil action or by any governmental or regulatory authority to have violated any securities, commodities or unfair trade practices law, which such judgment or finding has not been subsequently reversed, suspended, or vacated.