Common use of Legal Restraints/Litigation Clause in Contracts

Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any Company, any Guarantor, any subsidiary of any Company or any of their assets, which, in the opinion of the Agent, if adversely determined, could have a Material Adverse Effect.

Appears in 3 contracts

Samples: Financing Agreement (G Iii Apparel Group LTD /De/), Financing Agreement (G Iii Apparel Group LTD /De/), Financing Agreement (G Iii Apparel Group LTD /De/)

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Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any the Company, any Guarantor, any subsidiary of any the Company or any of their assets, which, in the opinion of the AgentCIT, if adversely determined, could have a Material Adverse Effect.

Appears in 2 contracts

Samples: Financing Agreement (Pizza Inn Inc /Mo/), Financing Agreement (Barry R G Corp /Oh/)

Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any Company, any Guarantor, any subsidiary Subsidiary of any Company or any of their assets, which, in the opinion of the Agent, if adversely determined, could can reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Financing Agreement (Under Armour, Inc.), Financing Agreement (Under Armour, Inc.)

Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any Company, any Guarantor, any subsidiary of any Company Credit Party or any of their its assets, which, in the opinion of the Agent, is reasonably likely to be adversely determined and, if adversely determined, could would have a Material Adverse Effect.

Appears in 1 contract

Samples: Financing Agreement (Horsehead Holding Corp)

Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any the Company, any Guarantor, any subsidiary of any Company the Originators or any of their assets, which, in the opinion of the Agent, if adversely determined, could is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Financing Agreement (Werner Holding Co Inc /Pa/)

Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any Company, any Guarantor, any subsidiary of any Company or any of their assets, which, in the opinion of the Agent, if adversely determined, could would be reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Financing Agreement (MTM Technologies, Inc.)

Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any the Company, any Guarantor, any subsidiary of any the Company or any of their assets, which, in the opinion of the AgentCIT, if adversely determined, could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Financing Agreement (Ascendia Brands, Inc.)

Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any Company, any Guarantor, any subsidiary of any Company or any of their assets, which, in the opinion of the Agent, if adversely determined, could have a Material Adverse Effect.

Appears in 1 contract

Samples: Financing Agreement (Aegis Communications Group Inc)

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Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any CompanyBorrower, any Guarantor, the Operator, any subsidiary of any Company Borrower or any of their assets, which, in the opinion of the Agent, if adversely determined, could would have a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc)

Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any the Company, any Guarantor, any subsidiary of any Company or any of their assets, which, in the opinion of the AgentCIT, if adversely determined, could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Financing Agreement (Rentech Inc /Co/)

Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any Company, any Guarantor, any subsidiary of any Company or any of their assets, which, in the good faith opinion of the AgentCIT, if adversely determined, could have a Material Adverse Effect.

Appears in 1 contract

Samples: Financing Agreement (Crown Crafts Inc)

Legal Restraints/Litigation. As of the Closing Date, there shall be no (x) injunction, writ or restraining order restraining or prohibiting the consummation of the financing arrangements contemplated under this Financing Agreement, or (y) suit, action, investigation or proceeding (judicial or administrative) pending against any Company, any Guarantor, any subsidiary of any Company or any of their assets, which, in the good faith opinion of the AgentCIT, if adversely determined, could have a Material Adverse Effect.. (N)

Appears in 1 contract

Samples: www.sec.gov

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