Common use of Financial Condition; Litigation Clause in Contracts

Financial Condition; Litigation. There has been no material adverse change in the net worth, assets, financial condition, or prospective financial position of the Key Person since the Term Sheet Date. No litigation, investigation, or proceeding of or before any arbitrator, court or governmental authority is pending or, to the knowledge of the Key Person, threatened by or against the Key Person or against any of the Key Person’s assets.

Appears in 4 contracts

Samples: Revenue Loan and Security Agreement (INVO Bioscience, Inc.), Revenue Loan and Security Agreement (Sidus Space Inc.), Revenue Loan and Security Agreement (Splash Beverage Group, Inc.)

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