Example ContractsClausesPending Litigation
Pending Litigation
Pending Litigation contract clause examples

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.

The Guaranteed Amount is in respect of litigation pending in two matters ("the two proceedings") namely:

Section # Litigation. There is no material litigation at law or in equity and no proceedings before any commission or other administrative authority (“Litigation”) pending or to Borrower’s knowledge threatened against or affecting the Property or the Project, except as disclosed to and approved in writing by Lender. There is no material Litigation currently contemplated, threatened, or pending by Borrower against any entity or person which would have a material effect on Lender, this Agreement, the LOC, or the transactions contemplated hereunder. Borrower’s failure to timely disclose to Lender any Litigation that is pending, threatened or contemplated by Borrower as of the date of Borrower’s execution of the LOC Documents shall constitute a material breach of this Agreement and shall justify Lender’s excuse from performance of any terms hereof, including funding of any Advance, until Lender is satisfied that such Litigation has been resolved in Lender’s sole but reasonable discretion.

No Litigation. There is no litigation or governmental proceeding pending or, to the Company’s knowledge, threatened against, or involving the Company or any of its properties, except as may be set forth in the Prospectus;

No Litigation. There shall not exist any action, suit, investigation or litigation, pending in any court or before any arbitrator or Governmental Authority that seeks to enjoin the transactions contemplated hereunder (including [Schedule A] hereto).

no claim or litigation regarding any of the foregoing is pending or, to the knowledge of any Borrower, threatened.

there is no material litigation existing, threatened or pending against the Contractor which may affect its ability to fulfill any of its obligations under this Contract;

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