Common use of Legal Action Against MC Clause in Contracts

Legal Action Against MC. There is no claim, action, suit, proceeding or investigation pending or, to the best of MC's knowledge, threatened against MC or against any of its principal officers, directors or key employees, which, either in any one instance or in the aggregate, may result in any adverse change in the business, operations, financial condition, properties or assets of MC, or in any impairment of the right or ability of MC to carry on its business substantially as now conducted through its existing management group, or in any material liability on the part of MC, or which would draw into question the validity of this Agreement or any of the other instruments, documents or agreements entered into by MC in connection with this Agreement, or of any action taken or to be taken in connection with the obligations of MC contemplated therein, or which would be likely to impair the ability of MC to perform the terms of this Agreement.