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Pending Litigation
Pending Litigation contract clause examples
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Litigation. There is neither pending nor, to Yongzhou JIT’s knowledge, threatened any legal or governmental action, suit, investigation, proceeding or claim, to which any YJIT Party is or may be named as a party by or before any court, governmental or regulatory authority or by any third party that is reasonably likely to have a Yongzhou JIT Material Adverse Effect. Yongzhou JIT is not a party or subject to the provisions of any material injunction, judgment, decree, or order of any court, regulatory body, administrative agency or other governmental body. As used in this Agreement, “YJIT Material Adverse Effect” means any material adverse change in, or material adverse effect on, the business, financial condition or operations of Yongzhou JIT, which would prevent Yongzhou JIT from operating in substantially the same manner as presently.

Litigation. There is neither pending nor, to JRSIS’s knowledge, threatened any legal or governmental action, suit, investigation, proceeding or claim, to which any of the JRSIS Parties are or may be named as a party by or before any court, governmental or regulatory authority or by any third party that is reasonably likely to have an “JRSIS Material Adverse Effect”. The JRSIS Parties are not a party or subject to the provisions of any material injunction, judgment, decree, or order of any court, regulatory body, administrative agency or other governmental body.

Litigation. shall give prompt notice to of any litigation or governmental proceedings pending or threatened in writing against or any Party, or with respect to the Property, which could reasonably be expected to materially adversely affect the condition (financial or otherwise) or business of or any Party, or the Property.

Litigation. There is no action, suit, claim, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending against or, to the knowledge of FDOC, threatened against FDOC. FDOC is not subject to any order, writ, judgment, injunction, decree or award of any court or any governmental authority.

Litigation. Except as described on [Schedule 3.15], there is no # Action of any nature pending or, to the Knowledge of the Company, threatened, nor, to the Knowledge of the Company, is there any reasonable basis for any Action to be made, or # Order pending now or rendered by a Governmental Authority since the Company’s inception, in either case of clauses (a) or (b), by or against the Company, any of its current or former directors, officers or equity holders (provided, that any litigation involving the directors, officers or equity holders of the Company must be related to the Company’s business or assets or the Purchased Shares), the Company’s business or assets or the Purchased Shares. Since the Company’s inception, the Company’s current or former officers, senior management or directors have not been charged with, indicted for, arrested for, or convicted of any felony or any crime involving fraud.

Litigation. There is no Action pending or, to the Knowledge of the Buyer Parties, threatened, nor any Order of any Governmental Authority is outstanding, against or involving Parent, Buyer, or any of their respective officers, directors, stockholders, properties, assets or businesses, whether at law or in equity, before or by any Governmental Authority, which would reasonably be expected to have a Buyer Party Material Adverse Effect.

Litigation. Except as described on [Schedule 4.01(f)], there is no pending or threatened action or proceeding affecting Borrower or any of the other transaction contemplated hereby before any court, governmental agency or arbitrator, which reasonably would be expected to have a Material Adverse Effect. As of the Closing Date there are no outstanding judgments against Borrower.

Litigation. There is no action, suit, inquiry, notice of violation, proceeding or investigation pending or, to the knowledge of the Company, threatened against or affecting the Company, any Subsidiary or any of their respective properties before or by any court, arbitrator, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) (collectively, an “Action”) which # adversely affects or challenges the legality, validity or enforceability of any of the Transaction Documents or the Securities or # could, if there were an unfavorable decision, have or reasonably be expected to result in a Material Adverse Effect. Neither the Company nor any Subsidiary, nor any director or officer thereof, is or has been the subject of any Action involving a claim of violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty. There has not been, and to the knowledge of the Company, there is not pending or contemplated, any investigation by the Commission involving the Company or any current or former director or officer of the Company. The Commission has not issued any stop order or other order suspending the effectiveness of any registration statement filed by the Company or any Subsidiary under the Exchange Act or the Securities Act.

Litigation. There are no pending or, or to the knowledge of Seller, threatened actions or proceedings against Seller before any court, administrative agency or tribunal which, if determined adversely to Seller, would prohibit or materially adversely affect the ability of Seller to perform its obligations under this Agreement or the Seller Agreements;

Litigation. Except as disclosed on [Schedule 6.2(c)]. there are no actions, suits, arbitrations, mediations, investigations or similar proceedings pending, or to Farmee’s knowledge, threatened, before any Governmental Entity with respect to Farmee, nor are there any presently outstanding judgments, decrees, injunctions, orders or awards applicable to Farmee, in each case that could adversely affect the ability of Farmee to consummate the transactions contemplated hereby or the obligations attributable to the Farmee Interest under the Contract.

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