Example ContractsClausesPending Litigation
Pending Litigation
Pending Litigation contract clause examples

Litigation. Any and all differences, controversies, claims or disputes of any nature whatsoever arising out of or relating to this Agreement, including the interpretation, application, execution, breach, termination or invalidity thereof (each, a “Dispute”), if not resolved through negotiations or voluntary mediation, must be resolved through litigation.

Litigation. Except as set forth on [Schedule 3.1(j)], 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. Except as set forth in [Schedule 3.1(j)], 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. As soon as possible, and in any event within ten Business Days of the Master Servicer’s knowledge thereof, the Master Servicer shall give the Administrative Agent and Funding Agents notice of # any litigation, investigation or proceedings against the SPV which may exist at any time, and # any material adverse development in any such previously disclosed litigation. No notices, waivers or communications in respect of the matters disclosed pursuant to the preceding sentence shall be required except that the Master Servicer shall give the Administrative Agent and each [[Organization B:Organization]] prompt notice of any final court decisions, at the trial level or on appeal, whether favorable or adverse, and if any judgments are rendered against the Master Servicer in respect of such matters, the amount and terms of such judgment and provisions which the Master Servicer has made to pay such judgments.

Litigation. Except as otherwise disclosed in the Preliminary Offering Memorandum, or except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, # there are no legal or governmental actions, suits, investigations or proceedings before or by any federal, provincial or state court, commission, regulatory body, administrative agency or other governmental body, domestic or foreign, pending or, to the knowledge of Holdings and the Borrower, threatened to which Holdings or any of its Subsidiaries is or may be a party or of which property owned or leased by Holdings or any of its Subsidiaries is or may be the subject, or related to environmental or discrimination matters, # no material labor disturbance by the employees of Holdings or any of its Subsidiaries exists or, to the knowledge of Holdings and the Borrower, is imminent or being threatened and # neither Holdings nor any of its Subsidiaries is a party or subject to the provisions of any material injunction, judgment, decree or order of any court, governmental agency or other regulatory body, domestic or foreign.

There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Loan Parties after due and diligent investigation, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any [[Loan Party:Organization]] or any Subsidiary or against any of their properties or revenues that # purport to affect or pertain to this Agreement or any other Loan Document or any of the transactions contemplated hereby, or # either individually or in the aggregate would reasonably be expected to have a Material Adverse Effect.

Litigation. There exists no action, suit, investigation, or proceeding pending or threatened, in writing, in any court or before any arbitrator or governmental authority that could reasonably be expected to have a Material Adverse Effect.

A satisfactory review by Bank of any pending litigation relating to Borrower.

A summary of the current property insurance policy and premiums, any pending insurance claims and pending litigation (including, without limitation, all eviction and auction actions), if any;

Litigation. No litigation seeking to enjoin the transactions contemplated by this Agreement or to obtain damages on account hereof shall be pending or, to INTERLOK’S knowledge, be threatened.

No Litigation. No preliminary or permanent injunction or other order shall have been issued by any Governmental Entity, nor any statute, rule, regulation, decree or executive order promulgated or enacted by any Governmental Entity, that # declares this Agreement invalid or unenforceable in any material respect, # prevents or significantly delays the consummation of the transactions contemplated hereby, or # imposes or will impose restrictions on Patriot, the Bank or any of their Affiliates to sell, to hold separate or otherwise dispose of any material assets, or to materially alter the conduct or operations, or to materially restrict, or otherwise change in any material respect, the assets or business of Patriot, the Bank, or any of their Affiliates (including without limitation from and after the Effective Time); and # no action or proceeding before any Governmental Entity shall have been instituted by any Governmental Entity, or by any other Person (other than an Affiliate of the Bank), which # seeks to prevent or delay the consummation of the transactions contemplated by this Agreement, # challenges the validity or enforceability of this Agreement, # seeks to impose restrictions on Patriot, the Bank or any of their Affiliates to sell, to hold separate or otherwise dispose of any material assets, or to materially alter the conduct or operations, or to materially restrict, or otherwise change in any material respect, the assets or business of Patriot, the Bank or any of their Affiliates (including without limitation from and after the Effective Time).

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