Common use of DISPUTES AND LITIGATION Clause in Contracts

DISPUTES AND LITIGATION. Except as disclosed in the Disclosure Schedules, there is no suit, claim, action, litigation, or proceeding pending or, to the knowledge of the Parties, threatened against or affecting any of the Parties, respectively, or any of their properties, assets, or business or to which any of the Parties is a party, in any court or before any arbitrator of any kind or before or by any Governmental Entity, which would, if adversely determined, individually or in the aggregate, have a Material Adverse Effect on the Parties, nor is there any judgment, decree, injunction, rule, or order of any Governmental Entity or arbitrator outstanding against any of the Parties, respectively, and having, or which, insofar as reasonably can be foreseen, in the future could have, any such effect. To the knowledge of the Parties, there is no investigation pending or threatened against any of the respective Parties before any foreign, federal, state, municipal, or other governmental department, commission, board, bureau, agency, instrumentality, or other Governmental Entity.

DISPUTES AND LITIGATION. Except as disclosed in the BRIGHT Disclosure SchedulesSchedule, there is no suit, claim, action, litigation, or proceeding pending or, to the knowledge of the PartiesBRIGHT, threatened against or affecting any of the Parties, respectively, BRIGHT or any of their its properties, assets, assets or business or to which any of the Parties BRIGHT is a party, in any court or before any arbitrator of any kind or before or by any Governmental Entity, which would, if adversely determined, individually or in the aggregate, have a Material Adverse Effect on the PartiesBRIGHT, nor is there any judgment, decree, injunction, rule, rule or order of any Governmental Entity or arbitrator outstanding against any of the Parties, respectively, and BRIGHT having, or which, insofar as reasonably can be foreseen, in the future could have, any such effect. To the knowledge of the PartiesBRIGHT, there is no investigation pending or threatened against any of the respective Parties BRIGHT before any foreign, federal, state, municipal, municipal or other governmental department, commission, board, bureau, agency, instrumentality, instrumentality or other Governmental Entity.