No Proceedings. There is no litigation, proceeding or investigation pending or, to the knowledge of the Borrower, threatened against the Borrower, before any Governmental Authority # asserting the invalidity of any Borrower Basic Document, # seeking to prevent the consummation of any of the transactions contemplated by the

No Proceedings. There is no litigation, proceeding or investigation pending or, to the best knowledge of the Servicer, threatened against the Servicer, before any Governmental Authority # asserting the invalidity of any Servicer Basic Document, # seeking to prevent the consummation of any of the transactions contemplated by any Servicer Basic Document, # challenging the enforceability of a material portion of the Receivables or # seeking any determination or ruling that could reasonably be expected to have Material Adverse Effect.