Common use of Absence of Litigation; Compliance with Laws Clause in Contracts

Absence of Litigation; Compliance with Laws. (a) No Proceeding is pending or, to the knowledge of the GE Entities, threatened that seeks to, or would reasonably be expected to, materially impair or delay the ability of the GE Entities to consummate the transactions contemplated by, or to perform their respective obligations under, this Agreement and the Ancillary Agreements.