Common use of Actions, Suits or Proceedings Clause in Contracts

Actions, Suits or Proceedings. There are no actions, suits or proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any governmental commission, board, bureau, or other administrative agency, pending, or, to the best knowledge of the Borrower, threatened against or affecting the Borrower or any of its Subsidiaries or any properties or rights of the Borrower or any of its Subsidiaries, which, if adversely determined, could materially impair the right of the Borrower or any of its Subsidiaries to carry on business substantially as now conducted or could have a Material Adverse Effect upon the financial condition of the Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement (Mission West Properties Inc), Revolving Credit Loan Agreement (Mission West Properties Inc)

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Actions, Suits or Proceedings. There are no actions, suits or ----------------------------- proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any governmental commission, board, bureau, or other administrative agency, pending, or, to the best knowledge of the Borrower, threatened against or affecting the Borrower Borrower, or any of its Subsidiaries or any properties or rights of the Borrower Borrower, or any of its Subsidiaries, which, if adversely determined, could materially impair the right of the Borrower Borrower, or any of its Subsidiaries to carry on business substantially as now conducted or could have a Material Adverse Effect material adverse effect upon the financial condition of the Borrower Borrower, or any of its Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Symmetricom Inc)

Actions, Suits or Proceedings. There are no actions, suits or proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any governmental commission, board, bureau, or other administrative agency, Governmental Authority pending, or, to the best knowledge of the Borrower, threatened against or affecting the Borrower or any of its Subsidiaries or any properties or rights of the Borrower or any of its Subsidiaries, which, if adversely determined, could materially impair the right of the Borrower or any of its Subsidiaries to carry on business substantially as now conducted or could reasonably be expected to have a Material Adverse Effect upon the financial condition of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Ballast Point Brewing & Spirits, Inc.)

Actions, Suits or Proceedings. There are no actions, suits or proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any governmental - 10 - commission, board, bureau, or other administrative agency, pending, or, to the best knowledge of the Borrower, threatened against or affecting the Borrower or any of its the Subsidiaries or any properties or rights of the Borrower Borrower, or any of its the Subsidiaries, which, if adversely determined, could materially impair the right of the Borrower or any of its the Subsidiaries to carry on business substantially as now conducted or could have a Material Adverse Effect material adverse effect upon the financial condition of the Borrower or any of its Subsidiariesand the Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Manatron Inc)

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Actions, Suits or Proceedings. There are no actions, suits or proceedings, at law or in equity, and no proceedings before any arbitrator or by or before any governmental commission, board, bureau, bureau or other administrative agency, pending, or, to the best knowledge of the Borrower, threatened against or affecting the Borrower or any of its the Subsidiaries or any properties or rights of the Borrower or any of its the Subsidiaries, which, if adversely determined, could materially impair the right of the Borrower or any of its the Subsidiaries to carry on business substantially as now conducted or could have a Material Adverse Effect material adverse effect upon the financial condition of the Borrower or any of its the Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Bestway Inc)

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