Common use of Litigation and Claims Clause in Contracts

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 37 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (ComSovereign Holding Corp.), Business Loan Agreement (AmpliTech Group, Inc.)

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Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 28 contracts

Samples: Loan Agreement (Charge Enterprises, Inc.), Business Loan Agreement (Autoscope Technologies Corp), Business Loan Agreement (Black Ridge Oil & Gas, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Xxxxxx in writing.

Appears in 23 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Xxxxxx in writing.

Appears in 6 contracts

Samples: Business Loan Agreement (Elevate.Money REIT I, Inc.), Business Loan Agreement (Eaco Corp), Business Loan Agreement (Signature Group Holdings, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Lxxxxx in writing.

Appears in 5 contracts

Samples: Business Loan Agreement (BioLife4D Corp), Business Loan Agreement (Eaco Corp), Business Loan Agreement (Niocorp Developments LTD)

Litigation and Claims. No litigation, claimproceeding, investigationsuit, administrative proceeding action, or similar action (including those for unpaid taxes) claim against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition condition, or operations of the Borrower, or properties, including the Collateral, other than litigation, proceedings, suits, actions, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 4 contracts

Samples: Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp), Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp), Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Lxxxxx in writing.

Appears in 4 contracts

Samples: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (Amrep Corp.), Business Loan Agreement (Reliv International Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or or, to Borrower’s knowledge, threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition has had or properties, could reasonably be expected to have a Material Adverse Effect other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 3 contracts

Samples: Export Loan Agreement (Fuelcell Energy Inc), Export Loan Agreement (Fuelcell Energy Inc), Export Loan Agreement (Fuelcell Energy Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or or, to Borrower’s current and actual knowledge, is threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 2 contracts

Samples: Loan Agreement, Business Loan Agreement (Basin Water, Inc.)

Litigation and Claims. No litigation, claimclaims, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 2 contracts

Samples: Loan Agreement (Chromavision Medical Systems Inc), Loan Agreement (Eckler Industries Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred occurred, which may materially adversely affect Borrower’s financial condition or properties, will more likely than not result in the Borrower not being able to repay Loan in accordance with its amortization schedule other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 2 contracts

Samples: Term Loan Agreement (Dicon Fiberoptics Inc), Dicon Fiberoptics Inc

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 2 contracts

Samples: Business Loan Agreement (Collectors Universe Inc), Business Loan Agreement (Wilhelmina International, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 2 contracts

Samples: Business Loan Agreement (Deja Foods Inc), Business Loan Agreement (Deja Foods Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or or, to the Borrower’s knowledge, threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition has had or properties, could reasonably be expected to have a Material Adverse Effect other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing. Lender acknowledges that certain litigation has been disclosed pursuant to the Domestic Credit Agreement.

Appears in 1 contract

Samples: Fast Trackexport Loan Agreement (Energy Conversion Devices Inc)

Litigation and Claims. No To Borrower’s knowledge, no litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Mammoth Energy Partners LP)

Litigation and Claims. No litigation, . claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Novadigm Inc)

Litigation and Claims. No litigation, claim, investigation, . administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Flotek Industries Inc/Cn/)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower Borrowers, or any of them, is pending or threatenedthreatened in writing, and no other event has occurred which may materially adversely affect Borrower’s Borrowers’ respective financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Sports Field Holdings, Inc.)

Litigation and Claims. No To the best of Borrower’s knowledge, no litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that could reasonably be expected to have been disclosed to and acknowledged by Lender in writinga Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Vertical Capital Income Fund)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.. BUSINESS LOAN AGREEMENT (ASSET BASED)

Appears in 1 contract

Samples: Business Loan Agreement (Electromed, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect effect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Greenwood Hall, Inc.)

Litigation and Claims. No Except for matters being handled or covered by Borrower's insurance provider, no litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Commercial Security Agreement (Dynatronics Corp)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred occurred, which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (Labor Ready Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.. Business Loan Agreement (Continued) Loan No. ___________________

Appears in 1 contract

Samples: Business Loan Agreement (Arts Way Manufacturing Co Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding proceeding, or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, events that have been disclosed to and acknowledged acknowledge by Lender in writing.

Appears in 1 contract

Samples: Construction and Term Loan Agreement

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Xxxxxx in writingor such that would not reasonably be expected to have a material adverse effect on Borrower’s business or financial condition.

Appears in 1 contract

Samples: Business Loan Agreement (LiveOne, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Southwest Water Co)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or or, to the best knowledge of Borrower, threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or propertiesproperties or assets or the TridentHE, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Loan Agreement (Aegis Identity Software, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred occurred, which may materially adversely affect Borrower’s financial condition or propertieswill more likely than not result in Borrower not being able to repay the Loan in accordance with its amortization schedule, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Dicon Fiberoptics Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, claims or other events, if any, that have been disclosed to and acknowledged by Lender in writingthe Disclosure Schedule.

Appears in 1 contract

Samples: Business Loan Agreement (CarePayment Technologies, Inc.)

Litigation and Claims. No litigation, claim, investigation, investigation administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, any that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Dynamic Health Products Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, claims or other events, if any, that have been disclosed to and acknowledged by Lender Xxxxxx in writing.

Appears in 1 contract

Samples: Loan Agreement (Isecuretrac Corp)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if If any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Ocean Bio Chem Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by to Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or or, to Borrower's knowledge, threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition has had or properties, could reasonably be expected to have a Material Adverse Effect other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Export Loan Agreement (Fuelcell Energy Inc)

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Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have has been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (At&s Holdings Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Lxxxxx in writing.. BUSINESS LOAN AGREEMENT

Appears in 1 contract

Samples: Business Loan Agreement (Syra Health Corp)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writingon Schedule 1 attached hereto.

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or to its knowledge, threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writingwriting or as disclosed in the SEC Reports.

Appears in 1 contract

Samples: Business Loan Agreement (LiveXLive Media, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Xxxxxx in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Wilhelmina International, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Xxxxxx in writing.. BUSINESS LOAN AGREEMENT (ASSET BASED)

Appears in 1 contract

Samples: Business Loan Agreement (Ocean Bio Chem Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or to other events, if any, that have been disclosed to and acknowledged by Lender Xxxxxx in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Versant Corp)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial Exhibit 10.1 BUSINESS LOAN AGREEMENT condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Xxxxxx in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Premier Financial Bancorp Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower or any of its business, property or rights is pending or or, to Borrower’s Knowledge, threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writingon Schedule 3.6.

Appears in 1 contract

Samples: Term Loan Agreement (Solar Power, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatenedthreatened in writing, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (Better Choice Co Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred occurred, in each case, which may individually or collectively, materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Business Loan Agreement (ERBA Diagnostics, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred threatened which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that could reasonably be expected to have been disclosed to and acknowledged by Lender in writinga Material Adverse Effect.

Appears in 1 contract

Samples: Business Loan Agreement (Zoltek Companies Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Lander in writing.

Appears in 1 contract

Samples: Loan Agreement (Broadview Institute Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have has been disclosed to and acknowledged by Lender Xxxxxx in writing.

Appears in 1 contract

Samples: Business Loan Agreement (At&s Holdings Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged acknowledge by Lender in writing.

Appears in 1 contract

Samples: Loan Agreement (Butler National Corp)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against such Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition has had or properties, could reasonably be expected to have a Material Adverse Effect other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Export Loan Agreement (Usdata Corp)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial Loan No: 99908226 BUSINESS LOAN AGREEMENT (Continued) condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Loan Agreement (Champion Industries Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding proceeding, or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender Lenders in writing.

Appears in 1 contract

Samples: Loan Agreement (Capstone Companies, Inc.)

Litigation and Claims. No litigation, . claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.

Appears in 1 contract

Samples: Loan Agreement (Torotel Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writingwriting pursuant to the notice provisions of this Agreement or in Borrower’s public filings with the Securities and Exchange Commission.

Appears in 1 contract

Samples: Business Loan Agreement (Niku Corp)

Litigation and Claims. No Other than as has been previously disclosed to and approved by Lender in writing, no litigation, claim, investigation, administrative proceeding proceeding, or similar action (including those for unpaid taxes) against Borrower is pending or threatenedthreatened in writing which may have a material effect on Borrower’s financial condition to perform under the Loan, and no other event has occurred which may materially adversely affect have a material adverse effect on Borrower’s financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed ability to and acknowledged by Lender in writingperform under the Loan.

Appears in 1 contract

Samples: Commercial Loan Agreement (Ballantyne Strong, Inc.)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Borrower is pending or (to the best knowledge of Borrower) threatened, and no other event has occurred which may materially adversely affect Borrower’s 's financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by Lender in writing.. (h)

Appears in 1 contract

Samples: Loan Agreement (Phillips R H Inc)

Litigation and Claims. No litigation, claim, investigation, administrative proceeding litigation or similar action claim (including those for unpaid taxes) against Borrower is pending or threatenedthreatened which, if adversely determined, would materially and adversely affect Borrower’s financial condition or properties, and no other event has occurred which may is reasonably likely to materially and adversely affect Borrower’s financial condition or properties, other than litigation, claims, claims or other events, if any, that that, prior to the date of this Agreement, have been disclosed to and acknowledged by Lender Majority Owner in writing.

Appears in 1 contract

Samples: Construction and Term Loan Agreement

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