Common use of Product Liability Clause in Contracts

Product Liability. To the Knowledge of Seller, Seller has no liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product sold or delivered by the Business prior to the Closing.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Synalloy Corp), Asset Purchase Agreement (Synalloy Corp), Asset Purchase Agreement (Synalloy Corp)

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Product Liability. To the Knowledge of Seller, Seller has no liability Liability (and there is no basis for any present or future Action or Proceeding against Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession possession, storage, distribution, marketing or use sale of any product sold or delivered by of the Business prior to the ClosingProducts.

Appears in 3 contracts

Samples: Supply Agreement (Fmi Holdings Ltd.), Supply Agreement (Forbes Medi-Tech Inc.), Supply Agreement (Forbes Medi-Tech Inc.)

Product Liability. To the Knowledge of Seller, Seller has no liability Liability (and there is no basis for any present or future Action or Proceeding against Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession possession, storage, distribution or use marketing of any product sold or delivered by of the Business prior to the ClosingProducts.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Hi Tech Pharmacal Co Inc), Asset Purchase Agreement (Hi Tech Pharmacal Co Inc)

Product Liability. To the Knowledge of Seller’s Knowledge, Seller has no liability (and there is no 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 product sold sold, leased or delivered or services rendered by the Business prior to the ClosingSeller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Asure Software Inc), Asset Purchase Agreement (Asure Software Inc)

Product Liability. To the Knowledge of Seller's knowledge, Seller has no does not have any liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product sold products or equipment manufactured, sold, leased or delivered by Seller or with respect to any services rendered by Seller as part of the Business prior to the ClosingBusiness.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Micro Linear Corp /Ca/), Asset Purchase Agreement (Micro Linear Corp /Ca/)

Product Liability. To the Knowledge of Seller, Seller has no does not have any liability of any kind or nature arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold of the Business sold, leased, or delivered by the Business prior to the ClosingSeller.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (C-Cor Inc)

Product Liability. To the Knowledge best of Seller's knowledge, Seller has no liability (and there is no basis for any present or future Claim against Seller or Buyer) arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold goods sold, leased, or delivered by the Business prior Seller. To the best of Seller's knowledge, there are no latent or patent defects in design, with warnings, or otherwise with respect to the Closingsuch goods.

Appears in 1 contract

Samples: Asset Purchase Agreement

Product Liability. To Seller does not have any material Liability (and, to the Knowledge knowledge of Seller, Seller has and Shareholder there is no liability basis for any Action against Seller giving rise to any material Liability) arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold designed, manufactured, sold, leased, or delivered by Seller in connection with the Business prior to the ClosingBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Intevac Inc)

Product Liability. To the Knowledge of Seller, The Seller has no liability Liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product sold manufactured, assembled, marketed, sold, leased or delivered by the Business prior to Seller in connection with the ClosingBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Crown Crafts Inc)

Product Liability. To the Knowledge of Seller’s knowledge, Seller has no liability does not have any Liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product sold or delivered by the Business prior to the ClosingAsset.

Appears in 1 contract

Samples: Asset Purchase Agreement (Adams Golf Inc)

Product Liability. To the Knowledge of SellerSellers, no Seller has no liability any Liability which would have a Material Adverse Effect arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold manufactured, sold, leased, or delivered by the Business prior to the Closingany Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Greenbrier Companies Inc)

Product Liability. To the Knowledge knowledge of the Seller, the Seller has no liability does not have any known Liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product of the Business manufactured, sold or delivered by the Business prior to Seller or the ClosingSeller’s third party manufacturers.

Appears in 1 contract

Samples: Business Transfer Agreement (Akorn Inc)

Product Liability. To the Knowledge of Seller's Knowledge, Seller has no liability Liability arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold Telephony Products manufactured, sold, leased, or delivered by the Business prior to the ClosingSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cidco Inc)

Product Liability. To the Knowledge of the Seller, Seller it has no liability Liability arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold manufactured, sold, leased, or delivered by the Business prior to the ClosingSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sabratek Corp)

Product Liability. To the Knowledge best of Seller's knowledge, Seller has no material liability arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold manufactured, sold, leased, or delivered by the Business prior to the Closing.Seller;

Appears in 1 contract

Samples: Acquisition Agreement (Global Election Systems Inc)

Product Liability. To With respect to the Business, Seller has no Liability (and, to the Best Knowledge of Seller, Seller has there is no liability basis for any present or future Proceedings 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 product manufactured, sold or delivered by the Business Seller prior to the Closingdate hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Green Mountain Coffee Inc)

Product Liability. To the Knowledge of Seller, The Seller has no liability Liability arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold it manufactured, sold, leased, or delivered by the Business prior to the Closingdelivered.

Appears in 1 contract

Samples: Asset Purchase Agreement (McWhorter Technologies Inc /De/)

Product Liability. To the Knowledge of Seller, Seller has no liability Liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product sold sold, leased or delivered by by, or any service provided by, Seller (or any Person for which Seller is responsible) in connection with the Business prior to the ClosingBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Axsys Technologies Inc)

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Product Liability. To the Knowledge of Seller, Seller has no liability material Liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product manufactured, sold or delivered by the Business prior to the ClosingSeller (or any Person for which Seller may be responsible).

Appears in 1 contract

Samples: Asset Purchase Agreement (Heron Lake BioEnergy, LLC)

Product Liability. To In connection with its Business, the Knowledge of Seller, Seller has no liability Liability (and there is no Basis for any present or future Proceeding against Seller giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product manufactured or sold or delivered by the Business prior to the ClosingSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (KMG Chemicals Inc)

Product Liability. To the Knowledge of Seller, Seller has no liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product sold or delivered by the Business prior to the Closing.. 5.13

Appears in 1 contract

Samples: Asset Purchase Agreement Asset Purchase Agreement

Product Liability. To the Knowledge of Seller, The Seller has no liability Liability arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold manufactured, processed, sold, or delivered by the Business prior to the ClosingSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Benson Hill, Inc.)

Product Liability. To the Knowledge of Seller, Seller has no does not have any liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product sold manufactured, sold, leased or delivered by Seller in connection with the Business prior to the ClosingBusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Arris Group Inc)

Product Liability. To Seller’s or Guarantor’s Knowledge, the Knowledge of Seller, Seller has no liability arising out of any injury to individuals persons or property as a result of the ownership, possession or use of any product sold produced, sold, installed or delivered by the Business prior to Seller. The Seller has the Closingproduct liability insurance policies listed in SCHEDULE 5.12.

Appears in 1 contract

Samples: Asset Purchase Agreement (United Guardian Inc)

Product Liability. To the Knowledge of Seller, The Seller has no liability Liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product sold manufactured, displayed, transmitted, sold, leased, licensed or delivered by the Business prior Seller related to the ClosingAcquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Interactive Magic Inc /Nc/)

Product Liability. To the Knowledge of Seller, Seller has does not have any Liability (and believes that there is no liability Basis for any present or future Proceeding against any of them giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold manufactured, sold, leased, or delivered by the Business prior to the Closingany of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sco Group Inc)

Product Liability. To Seller's Knowledge, the Knowledge of Seller, Seller has no liability does not have any Liability arising out of any injury to individuals or damage to property as a result of the ownership, possession possession, or use of any product sold manufactured, sold, leased, or delivered by the Business prior to the Closing.Seller. 3.20

Appears in 1 contract

Samples: Asset Purchase Agreement (Belden Inc)

Product Liability. To the Knowledge of Seller, Seller has no liability material Liability arising out of any injury to individuals or property as a result of the ownership, possession or use of any product sold manufactured, sold, leased or delivered by the Business prior to the ClosingSeller (or any Person for which Seller may be responsible).

Appears in 1 contract

Samples: Asset Purchase Agreement (Advanced BioEnergy, LLC)

Product Liability. To the Knowledge of Seller, Seller has no liability material Liability arising out of any injury to individuals or property as a result of the ownership, possession possession, or use of any product sold of the Business that was manufactured, sold, leased, or delivered by the Business prior to the ClosingSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Viasat Inc)

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