Common use of Legal Proceeding Clause in Contracts

Legal Proceeding. Except as disclosed on Schedule 2 attached hereto, there is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, any Seller, any Guarantor or any of their Affiliates, pending or threatened, which is reasonably likely to be adversely determined and which, if decided adversely, would have a Material Adverse Effect.

Legal Proceeding. Except as disclosed set forth on Schedule 2 III attached hereto, there is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased AssetsSecurities, any Seller, any Guarantor Sellers or any of their its Affiliates, pending or to the knowledge of the Sellers threatened, which is reasonably likely to be adversely determined and which, if decided adversely, would have a reasonable likelihood of having a Material Adverse Effect.

Legal Proceeding. Except as disclosed on Schedule 2 attached hereto12(e), there is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, any Seller, any Guarantor Seller or any of their its Affiliates, pending or or, to the knowledge of any Seller, threatened, which is reasonably likely to be adversely determined and which, if decided adversely, would have a Material Adverse Effect.

Legal Proceeding. Except as disclosed on Schedule 2 3 attached hereto, there is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, any Seller, any Guarantor or any of their Affiliates, pending or threatened, which is reasonably likely to be adversely determined and which, if decided adversely, would have a Material Adverse Effect.

Legal Proceeding. Except as disclosed on Schedule 2 attached hereto, there is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, any Seller, any Guarantor Guarantor, the REO Subsidiary, Servicer or any of their Affiliates, pending or threatened, which is reasonably likely to be adversely determined and which, if decided adversely, would have a Material Adverse Effect.