Common use of Legal Restraints/Litigation Clause in Contracts

Legal Restraints/Litigation. On the Closing Date, except as set forth on Schedule 6.06 hereto, there shall be no (1) litigation, investigation or proceeding (judicial or administrative) pending or, to the knowledge of the Borrower, threatened, against the Borrower or its Subsidiaries, or their assets, by any agency, division or department of any county, city, state or federal government arising out of the transactions contemplated by the Loan Documents, (2) injunction, writ or restraining order restraining or prohibiting the transactions contemplated pursuant to the transactions contemplated by the Loan Documents, or (3) suit, action, investigation or proceeding (judicial or administrative) pending or, to the knowledge of the Borrower, threatened against the Borrower or its Subsidiaries, or its assets, which could have a Material Adverse Effect.

Legal Restraints/Litigation. On the Closing Date, except as set forth on Schedule 6.06 hereto, there shall be no (1) litigation, investigation or proceeding (judicial or administrative) pending or, to the knowledge of any of the BorrowerBorrowers, threatened, against any of the Borrower Borrowers or its their Subsidiaries, or their assets, by any agency, division or department of any county, city, state or federal government arising out of the transactions contemplated by the Loan Documents, (2) injunction, writ or restraining order restraining or prohibiting the transactions contemplated pursuant to the transactions contemplated by the Loan Documents, or (3) suit, action, investigation or proceeding (judicial or administrative) pending or, to the knowledge of any of the BorrowerBorrowers, threatened against any of the Borrower Borrowers or its their Subsidiaries, or its assets, which could have a Material Adverse Effect.

Legal Restraints/Litigation. On the Closing Date, except as set forth on Schedule 6.06 hereto, there shall be no (1) litigation, investigation or proceeding (judicial or administrative) pending or, to the knowledge of the Borrower, Borrower or threatened, against the Borrower or its Subsidiaries, or their assets, by any agency, division or department of any county, city, state or federal government arising out of the transactions contemplated by the Loan Documents, (2) injunction, writ or restraining order restraining or prohibiting the transactions contemplated pursuant to the transactions contemplated by the Loan Documents, or (3) suit, action, investigation or proceeding (judicial or administrative) pending or, to the knowledge of the Borrower, threatened against the Borrower or its Subsidiaries, or its assets, which could have a Material Adverse Effect.

Legal Restraints/Litigation. On the Closing Date, except as set forth on Schedule 6.06 hereto, there shall be no (1) litigation, investigation or proceeding (judicial or administrative) pending or, to the knowledge of the Borrower, each Borrower or threatened, against the a Borrower or its Subsidiaries, or their assets, by any agency, division or department of any county, city, state or federal government arising out of the transactions contemplated by the Loan Documents, (2) injunction, writ or restraining order restraining or prohibiting the transactions contemplated pursuant to the transactions contemplated by the Loan Documents, or (3) suit, action, investigation or proceeding (judicial or administrative) pending or, to the knowledge of the a Borrower, threatened against the such Borrower or its Subsidiaries, or its their assets, which which, could have a Material Adverse Effect.