Common use of Lawsuits; Compliance; Taxes Clause in Contracts

Lawsuits; Compliance; Taxes. There is no material lawsuit, tax claim or adjustment or other dispute pending to the best of the Borrower’s knowledge or threatened against Borrower or the Collateral which may result, either separately or in aggregate, in any material adverse change in the assets, properties, business, profits or condition of the Borrower; nor does Borrower know of any basis for any such action, suit, proceeding or investigation. Borrower is in compliance with all Governmental Requirements and has satisfied, prior to delinquency, all taxes due or payable by Borrower or assessed against the Collateral.

Lawsuits; Compliance; Taxes. There is no material lawsuit, tax claim or adjustment or other dispute pending to the best of the Borrower’s knowledge or threatened against Borrower or the Collateral Collateral, which may result, either separately or in the aggregate, in any material adverse change in the assets, properties, business, profits profits, or condition of the Borrower; , nor does Borrower know of any basis for any such action, suit, proceeding or investigation. Borrower is in compliance with all Governmental Requirements and has satisfied, prior to delinquency, all taxes due or payable by Borrower or assessed against the Collateral.

Lawsuits; Compliance; Taxes. There is no material lawsuit, tax claim or adjustment or other dispute pending to the best of the BorrowerDebtor’s knowledge or threatened against Borrower Debtor or the Collateral Collateral, which may result, either separately or in the aggregate, in any material adverse change in the assets, properties, business, profits profits, or condition of the Borrower; Debtor, nor does Borrower Debtor know of any basis for any such action, suit, proceeding or investigation. Borrower Debtor is in compliance with all Governmental Requirements and has satisfied, prior to delinquency, all taxes due or payable by Borrower Debtor or assessed against the Collateral.