Common use of Actions, Suits, Litigation, or Proceedings Clause in Contracts

Actions, Suits, Litigation, or Proceedings. There are no actions, suits, litigation or proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any Governmental Authority, pending, or, to the best knowledge of Borrower, threatened against or affecting any Loan Party, which, if adversely determined, could materially impair the right of any Loan Party to carry on its business substantially as now conducted or could have a Material Adverse Effect. No Loan Party is under investigation by, or is operating under any restrictions imposed by, any Governmental Authority.

Appears in 9 contracts

Samples: Credit Agreement (Universal Power Group Inc.), Credit Agreement (Copano Energy, L.L.C.), Credit Agreement (Abatix Corp)

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Actions, Suits, Litigation, or Proceedings. There are no actions, suits, litigation or proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any Governmental Authority, pending, or, to the best knowledge of Borrower, threatened against or affecting any Loan Party, which, if adversely determined, could materially impair the right of any Loan Party to carry on its business substantially as now conducted or could reasonably be expected to have a Material Adverse Effect. No To the knowledge of Borrower, no Loan Party has received any written notice from any Governmental Authority that such Loan Party is under investigation by, or is operating under any restrictions imposed by, any Governmental Authority.

Appears in 4 contracts

Samples: Credit Agreement (Tandy Brands Accessories Inc), Credit Agreement (Tandy Brands Accessories Inc), Credit Agreement (Tandy Brands Accessories Inc)

Actions, Suits, Litigation, or Proceedings. There are no actions, suits, litigation or proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any Governmental Authority, pending, or, to the best knowledge of Borrower, threatened against or affecting any Loan Borrower Party, which, if adversely determined, could materially impair the right of any Loan Borrower Party to carry on its business substantially as now conducted or could have a Material Adverse Effect. No Loan Borrower Party is under investigation by, or is operating under any restrictions imposed by, any Governmental Authority.

Appears in 1 contract

Samples: Credit Agreement (Asd Systems Inc)

Actions, Suits, Litigation, or Proceedings. There are no actions, suits, litigation or proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any Governmental Authority, pending, or, to the best knowledge of Borrower, threatened against or affecting any Loan Party, which, if adversely determined, could materially impair the right of any Loan Party to carry on its business substantially as now conducted or could have a Material Adverse Effect. No To Borrower's knowledge, no Loan Party is under investigation by, or is operating under any restrictions imposed by, any Governmental Authority.

Appears in 1 contract

Samples: Credit Agreement (Peerless Manufacturing Co)

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Actions, Suits, Litigation, or Proceedings. There are no actions, suits, litigation or proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any Governmental Authority, pending, or, to the best actual knowledge of BorrowerBorrowers, threatened against or affecting any Loan Party, which, if adversely determined, could materially impair the right of any Loan Party to carry on its business substantially as now conducted or could would have a Material Adverse Effect. No Loan Party is under investigation by, or is operating under any restrictions imposed by, any Governmental Authority.

Appears in 1 contract

Samples: Credit Agreement (Sterling Construction Co Inc)

Actions, Suits, Litigation, or Proceedings. There Except as is disclosed on Annex β€˜C’, there are no actions, suits, litigation or proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any Governmental Authoritygovernmental authority, pending, or, to the best knowledge of BorrowerBorrower and Guarantor, threatened against or affecting any Loan Party, which, if adversely determined, could materially impair the right of any Loan Party to carry on its business substantially as now conducted or could have a Material Adverse Effect. No Loan Party is under investigation by, or is operating under any restrictions imposed by, any Governmental Authoritygovernmental authority.

Appears in 1 contract

Samples: Loan Agreement (SMG Industries Inc.)

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