Common use of Legal Proceeding Clause in Contracts

Legal Proceeding. There is no action, suit, proceeding, inquiry or investigation, at law or in equity, or before or by any court, public board or body pending or, to a Borrower Party’s knowledge, threatened against or affecting any Borrower Party (or, to Borrower’s knowledge, any basis therefor) wherein an unfavorable decision, ruling or finding would adversely affect the validity of the Collateral or the validity or enforceability of this Agreement, the Facility Documents or any agreement or instrument to which a Borrower Party is a party and which is used or contemplated for use in the consummation of the transactions contemplated hereby, would adversely affect the proceedings of a Borrower Party in connection herewith, or would or could materially and adversely affect any Borrower Party’s ability to carry out its obligations hereunder.

Legal Proceeding. There is no action, suit, proceeding, inquiry or investigation, at law or in equity, or before or by any court, public board or body pending or, to a Borrower Party’s knowledge, threatened against or affecting any Borrower Party (or, to a Borrower’s knowledge, any basis therefor) wherein an unfavorable decision, ruling or finding would adversely affect the validity of the Collateral or the validity or enforceability of this Agreement, the Facility Documents or any agreement or instrument to which a Borrower Party is a party and which is used or contemplated for use in the consummation of the transactions contemplated hereby, would adversely affect the proceedings of a Borrower Party in connection herewith, or would or could materially and adversely affect any Borrower Party’s ability to carry out its obligations hereunder.

Legal Proceeding. There is no action, suit, proceeding, inquiry or investigation, at law or in equity, or before or by any court, public board or body pending or, to a Borrower PartySeller’s knowledge or Guarantor’s knowledge, threatened against or affecting any Borrower Party Seller or Guarantor (or, to BorrowerSeller’s knowledge, or Guarantor’s knowledge any basis therefor) wherein an unfavorable decision, ruling or finding would adversely affect the validity of the Collateral or the validity or enforceability of this Agreement, the Facility Program Documents or any agreement or instrument to which a Borrower Party Seller is a party and which is used or contemplated for use in the consummation of the transactions contemplated hereby, would materially and adversely affect the proceedings of a Borrower Party Seller in connection herewith, herewith or would or could materially and adversely affect any Borrower PartySeller’s ability or Guarantor’s ability to carry out its obligations hereunder.

Legal Proceeding. There is no action, suit, proceeding, inquiry or investigation, at law or in equity, or before or by any court, public board or body pending or, to a Borrower PartySeller’s knowledge or Guarantor’s knowledge, threatened against or affecting any Borrower Party Seller or Guarantor (or, to BorrowerSeller’s knowledge or Guarantor’s knowledge, any basis therefor) wherein an unfavorable decision, ruling or finding would adversely affect the validity of the Collateral or the validity or enforceability of this Agreement, the Facility Program Documents or any agreement or instrument to which a Borrower Party Seller is a party and which is used or contemplated for use in the consummation of the transactions contemplated hereby, would adversely affect the proceedings of a Borrower Party Seller in connection herewith, herewith or would or could materially and adversely affect any Borrower PartySeller’s ability or Guarantor’s ability to carry out its obligations hereunder.