Common use of Liabilities, Litigation and Restrictions Clause in Contracts

Liabilities, Litigation and Restrictions. Except as disclosed in the Financial Statements, the Borrower and its Subsidiaries do not have any liabilities, direct or contingent, which may materially and adversely affect it, its business or assets. There is no litigation or other action of any nature pending before any court, governmental instrumentality, regulatory authority or arbitral body or, to the knowledge of the Borrower threatened against or affecting the Borrower or its Subsidiaries which might reasonably be expected to result in any material, adverse change in the Borrower or its Subsidiaries, or the business or assets of either. To the best of the Borrower's knowledge, no unduly burdensome restriction, restraint or hazard exists by contract or Law that would have a Material Adverse Effect.

Liabilities, Litigation and Restrictions. Except as disclosed in the Financial Statements, the Borrower and its Subsidiaries do not have any liabilities, direct or contingent, which may materially and adversely affect it, its business or assets. There is no litigation or other action of any nature pending before any court, governmental instrumentality, regulatory authority or arbitral body or, to the knowledge of the Borrower threatened against or affecting the Borrower or its Subsidiaries which might reasonably be expected to result in any 41 49 material, adverse change in the Borrower or its Subsidiaries, or the business or assets of either. To the best of the Borrower's knowledge, no unduly burdensome restriction, restraint or hazard exists by contract or Law that would have a Material Adverse Effect.

Liabilities, Litigation and Restrictions. Except as disclosed in the Financial Statements, the Borrower and its Subsidiaries do not have any liabilities, direct or contingent, which may materially and adversely affect it, its business or assets. There is no litigation or other action of any nature pending before any court, governmental instrumentality, regulatory authority or arbitral body or, to the actual knowledge of the Borrower threatened against or affecting the Borrower or its Subsidiaries which might reasonably be expected to result in any material, adverse change in the Borrower or its Subsidiaries, or the business or assets of either. To the best of the Borrower's knowledge, no unduly burdensome restriction, restraint or hazard exists by contract or Law that would have a Material Adverse Effectmaterially and adversely affect the Borrower or the pursuit of the business activities conducted by the Borrower.