Common use of Litigation and Default Clause in Contracts

Litigation and Default. (i) The Contributor has not been served with notice of any material legal proceeding against the Contributor related to the Business or the Manager; and (ii) to the Knowledge of the Contributor, no material legal proceeding has been threatened against the Contributor related to the Business or the Manager, nor, to the Knowledge of the Contributor, is there any claim or grounds for any claim that might result in any legal proceeding against the Contributor related to the Business or the Manager.

Litigation and Default. (i) The Such Contributor has not been served with notice of any material legal proceeding against the such Contributor related to the Business or the Manager; and (ii) to the Knowledge of the such Contributor, no material legal proceeding has been threatened against the such Contributor related to the Business or the Manager, nor, to the Knowledge of the such Contributor, is there any claim or grounds for any claim that might result in any legal proceeding against the such Contributor related to the Business or the Manager.