Common use of Legal Action Against Seller Clause in Contracts

Legal Action Against Seller. There are no judgments, orders or decrees of any kind against Seller unpaid or unsatisfied of record or any legal action, suit, investigation, complaint or other legal or administrative proceeding pending, threatened or reasonably anticipated which could be filed before any court or administrative agency which has, or is likely to have, any material adverse effect on the ability of Seller to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Loan Purchase Agreement (Suffolk Bancorp)

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Legal Action Against Seller. There are no judgments, orders orders, or decrees of any kind against Seller relating to, concerning or affecting the Property, which are unpaid or unsatisfied of record or record, nor to Seller’s knowledge any legal action, suit, investigation, complaint suit or other legal or administrative proceeding pending, threatened or reasonably anticipated which could be filed pending before any court or administrative agency which hasrelating to, concerning or affecting the Property, nor is likely Seller aware of any threatened legal action, suit or other legal or administrative proceeding relating to have, any material adverse effect on the ability of Seller to perform its obligations under this AgreementProperty.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Wells Real Estate Fund Xiv Lp)

Legal Action Against Seller. There are no judgments, orders orders, or decrees of any kind against Seller unpaid or unsatisfied of record or record, nor, to the best of Seller’s knowledge, is there any legal action, suit, investigation, complaint suit or other legal or administrative proceeding pending, threatened or reasonably anticipated which could be filed pending before any court or administrative agency relating to the Property which has, or is likely to have, any material adverse effect on would materially adversely affect the ability of Seller to perform Property for its obligations under this Agreementpresent use.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (PBSJ Corp /Fl/)

Legal Action Against Seller. There are is no judgmentsaction, orders suit or decrees of any kind proceeding pending or, to Seller’s knowledge, threatened against Seller unpaid or unsatisfied of record or any legal action, suit, investigation, complaint or other legal or administrative proceeding pending, threatened or reasonably anticipated which could be filed before in any court or administrative by or before any other governmental agency or instrumentality which has, would prohibit its entering into this Agreement or is likely to have, performing any material adverse effect on the ability of Seller to perform its obligations under or pursuant to this Agreement.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (SLM Corp)

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Legal Action Against Seller. There are no judgments, orders orders, or decrees of any kind against any entity constituting a Seller unpaid or unsatisfied of record or record, nor any legal action, suit, investigation, complaint suit or other legal or administrative proceeding pending, threatened agency action relating to the Property which would adversely affect the Property for its present use or reasonably anticipated which could be filed before any court or administrative agency which has, or is likely to have, any material adverse effect on the affect Seller's ability of Seller to perform its obligations under this Agreement, nor is Seller aware of any threatened legal action, suit or other legal or administrative proceeding relating to the Property, or any state of facts which might result in any such action, suit or other proceeding.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Cali Realty Corp /New/)

Legal Action Against Seller. There To the best of Seller's actual knowledge without independent investigation or inquiry, there are no judgments, orders orders, or decrees of any kind against Seller unpaid or unsatisfied of record or record, nor any legal action, suit, investigation, complaint suit or other legal or administrative proceeding pending, threatened or reasonably anticipated which could be filed pending before any court or administrative agency relating to the Property which has, would adversely affect the Property for its present use or is likely to have, any material adverse effect on adversely affect the ability performance by Seller of Seller to perform its obligations under this Agreementand agreements hereunder.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Mid Atlantic Medical Services Inc)

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