Common use of Legal Proceeding Clause in Contracts

Legal Proceeding. Except as otherwise disclosed in the financial statements of NCFC prior to the Effective Date, there is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller, a Guarantor or any of their Affiliates, pending or threatened, which has a reasonable likelihood of having a Material Adverse Effect.

Legal Proceeding. Except as otherwise disclosed in the financial statements of NCFC or NCMC, or the material litigation report, each as provided prior to the Effective Datedate of this Agreement, there is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller, a Guarantor or any of their Affiliates, pending or threatened, which has a reasonable likelihood of having a Material Adverse Effect.

Legal Proceeding. Except as otherwise disclosed in the financial statements of NCFC prior to the Effective DateNCFC, there is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller, a Guarantor or any of their Affiliates, pending or threatened, which has a reasonable likelihood of having a Material Adverse Effect.

Legal Proceeding. Except as otherwise disclosed in the financial statements of NCFC prior to the Effective Dateor NCMC, there is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller, a Guarantor or any of their Affiliates, pending or threatened, which has a reasonable likelihood of having a Material Adverse Effect.

Legal Proceeding. Except as otherwise disclosed in the financial ---------------- statements of NCFC prior to the Effective DateNCFC, there is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller, a Guarantor or any of their Affiliates, pending or threatened, which has a reasonable likelihood of having a Material Adverse Effect.