Common use of Prior Legal Matters Clause in Contracts

Prior Legal Matters. During the previous five (5) years, neither the Founder nor Founder LLC has been (a) subject to voluntary or involuntary petition under the federal bankruptcy laws or any state 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 or it 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 the SEC or the Commodity Futures Trading Commission to have violated any federal or state securities, commodities or unfair trade practices law, which such judgment or finding has not been subsequently reversed, suspended or vacated.

Prior Legal Matters. During None of the previous five (5) years, neither the Founder nor Founder LLC Founding Shareholders and Founders has been (ai) subject to voluntary or involuntary petition under the federal any bankruptcy laws or any state insolvency law Law or the appointment of a receiver, fiscal agent or similar officer by a court for its/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 judgment, or decree (not subsequently reversed, suspended suspended, or vacated) of any court of competent jurisdiction permanently or temporarily enjoining him or it from engaging, or otherwise imposing limits or conditions on his engagement in any securities, investment advisory, banking, insurance 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 the SEC Securities and Exchange Commission or the Commodity Futures Trading Commission to have violated any federal or state securities, commodities or unfair trade practices lawLaw, which such judgment or finding has not been subsequently reversed, suspended suspended, or vacated.

Prior Legal Matters. During the previous five Such Issuer’s Officer has not been: (5) years, neither the Founder nor Founder LLC has been (ai) subject to voluntary or involuntary petition under the federal bankruptcy laws or any state insolvency law or the appointment of a receiver, fiscal agent or similar officer by a court for his or her 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 judgment, or decree (not subsequently reversed, suspended suspended, or vacated) of any court of competent jurisdiction permanently or temporarily enjoining him or it her from engaging, or otherwise imposing limits or conditions on his or her engagement in any securities, investment advisory, banking, insurance 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 the SEC or the Commodity Futures Trading Commission Commission, or any state securities regulatory bodies, to have violated any federal or state securities, commodities or unfair trade practices law, which such judgment or finding has not been subsequently reversed, suspended suspended, or vacated.

Prior Legal Matters. During Except as set forth in Section 3.06 of the previous five (5) yearsDisclosure Schedule, neither the Founder nor Founder LLC Selling Stockholder has not been (a) subject to voluntary or involuntary petition under the federal bankruptcy laws or any state insolvency law or the appointment of a receiver, fiscal agent or similar officer by a court for his her 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 judgment, or decree (not subsequently reversed, suspended suspended, or vacated) of any court of competent jurisdiction permanently or temporarily enjoining him or it her from engaging, or otherwise imposing limits or conditions on his or her engagement in any securities, investment advisory, banking, insurance 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 the SEC or the Commodity Futures Trading Commission to have violated any federal or state securities, commodities or unfair trade practices law, which such judgment or finding has not been subsequently reversed, suspended suspended, or vacated.