Common use of Product Liabilities Clause in Contracts

Product Liabilities. Seller has not had nor does Seller have any Liability (and, to Seller’s Knowledge, there is no reasonable basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim or demand against it giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession or use of any of the Purchased Assets developed, tested, distributed, manufactured, sold or delivered by Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Cardium Therapeutics, Inc.)

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Product Liabilities. Seller has not had nor does Seller have any Liability liability (and, to Seller’s KnowledgeSellers' knowledge, there is no reasonable basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim or demand against it giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession or use of any of the Purchased Assets developed, tested, distributed, manufactured, sold or delivered by SellerAssets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Essex Corporation)

Product Liabilities. Except as disclosed in Schedule 4.23, Seller has not had nor and does Seller not have any Liability liability (and, to the best of Seller’s Knowledge, there is no reasonable basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim or demand against it giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession or use of any of the Purchased Assets developed, tested, distributed, manufactured, sold or delivered by SellerProducts .

Appears in 1 contract

Samples: Purchase and Settlement Agreement (Elixir Gaming Technologies, Inc.)

Product Liabilities. Seller has not had had, nor to Seller’s Knowledge does Seller have have, any Liability (and, to Seller’s Sellers’ Knowledge, there is no reasonable basis for any present or future action, suit, proceeding, hearing, investigationProceeding, charge, complaint, claim or demand against it giving rise to any Liability) arising out of any injury to individuals any Person or property as a result of the ownership, possession or use of any of the Purchased Assets developed, tested, distributed, manufactured, sold or delivered by SellerSeller Products.

Appears in 1 contract

Samples: Asset Purchase Agreement (Therma Wave Inc)

Product Liabilities. Seller has not had nor does Seller have any Liability (and, to Seller’s Knowledge, there is no reasonable basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim or demand against it giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession or use of any of the Purchased Assets developed, tested, distributed, manufactured, sold or delivered by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cardium Therapeutics, Inc.)

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Product Liabilities. Seller has not had nor does Seller have any Liability liability (and, to Parent’s and Seller’s Knowledge, there is no reasonable basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim or demand against it giving rise to any Liabilityliability) arising out of any injury to individuals or property as a result of the ownership, possession or use of any of the Purchased Assets developed, tested, distributed, manufactured, sold or delivered by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Smith Micro Software Inc)

Product Liabilities. Seller has not had nor does Seller have any Liability material liability (and, to Seller’s Knowledge, there is no reasonable basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim or demand against it giving rise to any Liabilitymaterial liability) arising out of any injury to individuals or property as a result of the ownership, possession or use of any of the Purchased Assets developed, tested, distributed, products related to the Business manufactured, sold or delivered by Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tollgrade Communications Inc \Pa\)

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