There are no outstanding or pending preceding that has been commenced against or involving [[Organization B:Organization]] or any of its assets and, to the knowledge of [[Organization B:Organization]] and the , no matters of the foregoing nature are contemplated or threatened. None of [[Organization B:Organization]] or the have been charged with, and is not threatened with, or under any investigation with respect to, any allegation concerning any violation of any provision of any federal, provincial, local or foreign law, regulation, ordinance, order or administrative ruling, and is not in default with respect to any order, writ, injunction or decree of any Governmental Body.
There areis no outstandingProceeding (whether federal, provincial, local or foreign) pending preceding that has been commencedor, to the knowledge of [[Organization B:Organization]], threatened or appealable against or involving affecting [[Organization B" data-ad-field-type="Organization]] or any of its organization" data-ad-field-json='{"name":"Organizationaffecting [[Organization B","type":"organization","canGuess":{"name":false,"type":false}}'>assets and, toproperties, assets, business or employees. To the knowledge of [[Organization B" data-ad-field-type="Organization]], there is no fact that might result in or form the organization" data-ad-field-json='{"name":"Organization[[Organization B","type":"organization","canGuess":{"name":false,"type":false}}'> and, no matters of the foregoing nature are contemplated or threatened. None of basis for any such Proceeding. [[Organization B" data-ad-field-type="Organization]] is not organization" data-ad-field-json='{"name":"Organizationbasis for any such Proceeding. [[Organization B","type":"organization","canGuess":{"name":false,"type":false}}'> or the have been charged with, andthreatened with,subject to any Orders and has not received any written opinion or undermemorandum or legal advice from their legal counsel to the effect that [[Organization B:Organization]] is exposed, from a legal standpoint, to any investigation with respect to, any allegation concerning any violation of any provision of any federal, provincial, local or foreign law, regulation, ordinance, order or administrative ruling, andliability which would be material to its business. [[Organization B:Organization]] is not engaged in default with respectany legal action to recover monies due it or for damages sustained by any order, writ, injunction or decree of any Governmental Body.them.
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