Common use of Actions; Suits; Proceedings Clause in Contracts

Actions; Suits; Proceedings. There are no actions, suits or proceedings pending or, to Buyer ‘s knowledge, threatened, against or affecting Buyer or any of its properties in or before any court, arbitrator or governmental body that, individually or in the aggregate, would reasonably be expected to have a material adverse effect on the ability of Buyer to perform its obligations under this Agreement or any other Transaction Document or the legality, validity or enforceability of this Agreement or any other Transaction Document.. Buyer is not in default with respect to any order of any court, arbitrator or governmental body binding upon it or any of its properties