Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of any Obligor, threatened against or affecting such Obligor that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against any Obligor.
Appears in 5 contracts
Samples: Loan and Security Agreement (Legacy Housing Corp), Loan and Security Agreement (Legacy Housing Corp), Loan and Security Agreement (Blue Dolphin Energy Co)
Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of any ObligorDebtor, threatened against or affecting such any Obligor that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against any Obligor.
Appears in 2 contracts
Samples: Loan and Security Agreement (Avatar Systems Inc), Loan and Security Agreement (Flint Telecom Group Inc.)
Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of any ObligorDebtor, threatened in writing against or affecting such any Obligor that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against any Obligor.
Appears in 1 contract
Samples: Loan Agreement (Onstream Media CORP)
