Common use of Judgment and Proceedings Clause in Contracts

Judgment and Proceedings. (A) The entry of any judgment or decree or the institution of any litigation, arbitration proceeding, investigation or governmental proceeding against the Borrower and (B) any material adverse development in any previously disclosed litigation, arbitration proceeding, investigation or governmental proceeding.

Appears in 4 contracts

Samples: Loan and Servicing Agreement (SNAP-ON Inc), Loan and Servicing Agreement (Harley Davidson Inc), Loan and Servicing Agreement (Harley Davidson Inc)

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Judgment and Proceedings. (A) The entry of any judgment or decree or the institution of any litigation, arbitration proceeding, investigation proceeding or governmental proceeding against the Borrower and (B) any material adverse development in any previously disclosed litigation, arbitration proceeding, investigation or governmental proceedingFinance LLC.

Appears in 4 contracts

Samples: Receivables Sale Agreement (Colorado Interstate Gas Co), Receivables Sale Agreement (Tennessee Gas Pipeline Co), Receivables Sale Agreement (Southern Natural Gas Co)

Judgment and Proceedings. (Ax) The entry of any judgment or decree or the institution of any litigation, arbitration proceeding, investigation or governmental proceeding against the Borrower Borrower, and (By) any material adverse development in any previously disclosed litigation, arbitration proceeding, investigation or governmental proceeding.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (SNAP-ON Inc), Loan and Servicing Agreement (SNAP-ON Inc)

Judgment and Proceedings. (A) The entry of any judgment or decree against Originator or any of its Subsidiaries; or the institution of any litigation, arbitration proceeding, investigation or governmental proceeding against the Borrower and (B) any material adverse development in any previously disclosed litigation, arbitration proceeding, investigation or governmental proceeding.

Appears in 1 contract

Samples: Receivables Sale Agreement (Hypercom Corp)

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Judgment and Proceedings. (A) The entry of any judgment or decree against the Seller; or (B) the institution of any litigation, arbitration proceeding, investigation proceeding or governmental proceeding against the Borrower and (B) any material adverse development in any previously disclosed litigation, arbitration proceeding, investigation or governmental proceedingSeller.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Agco Corp /De)

Judgment and Proceedings. (A) The entry of any judgment or decree or the institution of any litigation, arbitration proceeding, investigation proceeding or governmental proceeding against the Borrower and (B) any material adverse development in any previously disclosed litigation, arbitration proceeding, investigation or governmental proceedingSeller.

Appears in 1 contract

Samples: Assignment Agreement (Pioneer Standard Electronics Inc)

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