Judgments or Litigation Clause Samples
The "Judgments or Litigation" clause defines the parties' obligations and rights in the event of legal proceedings or court judgments related to the agreement. Typically, this clause outlines how each party must notify the other of any lawsuits, claims, or judgments, and may specify responsibilities for handling or responding to such legal actions. It can also address who bears liability for damages or costs resulting from litigation. The core function of this clause is to ensure transparency and allocate responsibility in the event of legal disputes, thereby protecting both parties from unforeseen legal risks.
Judgments or Litigation. Except as set forth on Schedule 6.9, there is no material (a) judgment, order, writ or decree outstanding against Borrower or (b) pending or, to the best of Borrower’s knowledge, threatened litigation, contested claim, governmental, administrative or regulatory investigation, arbitration, or governmental audit (for taxes or otherwise) or proceeding by or against Borrower. No judgment, order, writ, decree, pending or threatened litigation, contested claim, investigation, arbitration and governmental proceeding pertaining to Borrower (individually or in the aggregate) could reasonably be expected to have a Material Adverse Effect.
Judgments or Litigation. There is no material (a) judgment, order, writ or decree outstanding against Borrower or (b) pending or, to the best of Borrower’s knowledge, threatened litigation, contested claim, governmental, administrative or regulatory investigation, arbitration, or governmental audit (for taxes or otherwise) or proceeding by or against Borrower. No judgment, order, writ, decree, pending or threatened litigation, contested claim, investigation, arbitration and governmental proceeding pertaining to Borrower (individually or in the aggregate) could reasonably be expected to have a Material Adverse Effect.
Judgments or Litigation. Seller has no knowledge of any outstanding judgments against Seller that would in any manner affect the consummation of this transaction or constitute any cloud upon the title to the water rights. Seller has no knowledge of any pending litigation, proceedings, or investigations, or any threats of litigation, proceedings or investigations, which might result in any cloud upon the title to the water rights, or any other material change in the value of the water rights.
Judgments or Litigation. Except as set forth on the Disclosure Schedule, as of the date hereof there is no (a) judgment, order, writ or decree outstanding against Borrower or (b) pending or, to the best of Borrower’s knowledge, threatened litigation, contested claim, governmental, administrative or regulatory investigation, arbitration, or governmental audit (for taxes or otherwise) or proceeding by or against Borrower. No judgment, order, writ, decree, pending or threatened litigation, contested claim, investigation, arbitration and governmental proceeding pertaining to Borrower (individually or in the aggregate) could reasonably be expected to have a Material Adverse Effect.
Judgments or Litigation. Except as set forth on Schedule 7.9, there is no (a) judgment, order, writ or decree outstanding against any Borrower or (b) pending or, to the best of any Borrower's knowledge, threatened litigation, contested claim, governmental, administrative or regulatory investigation, arbitration, or governmental audit (for taxes or otherwise) or proceeding by or against any Borrower. Except as specifically set forth and identified on Schedule 7.9, no such matter (individually or in the aggregate) could reasonably be expected to have a Material Adverse Effect.
Judgments or Litigation. There are no outstanding judgments against Seller that would in any manner affect the consummation of this transaction or constitute any cloud or lien on the title for these Assets. There is/are no pending litigation, proceedings, or investigations, or any threats of same, which might result in a cloud or lien upon the title of the aforementioned Assets or any material change in the value of the Assets.
Judgments or Litigation. Except as set forth on Schedule 4.6, no judgments, orders, writs or decrees are outstanding against the Company or any of the Subsidiaries nor is there now pending or, to the best of the Company's knowledge, threatened any litigation, protest, challenge, action, contested claim, investigation, arbitration, or governmental proceeding (i) by or against the Company or any of the Subsidiaries in which there is a reasonable possibility of an adverse decision which (taking into account insurance coverage) could reasonably be expected to have a Material Adverse Effect or (ii) whether or not the Company or any Subsidiary is a party thereto, seeking any determination or ruling that might materially affect adversely the rights of the Company under the LPD-17 Contract.
Judgments or Litigation. No judgements outstanding