Common use of Litigation and Judgments Clause in Contracts

Litigation and Judgments. Except as disclosed on Schedule 8.5 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal or arbitrator pending, or to the knowledge of Borrower, threatened against or affecting Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Loan Agreement (Penson Worldwide Inc), Loan Agreement (Penson Worldwide Inc)

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Litigation and Judgments. Except as disclosed on Schedule 8.5 7.5 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the Obligations. There are no outstanding judgments against the Borrower or any of its SubsidiariesSubsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Industrial Holdings Inc), Loan Agreement (First Wave Marine Inc)

Litigation and Judgments. Except as disclosed on Schedule 8.5 6.5 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal court, governmental authority, or arbitrator pending, or to the knowledge of any Borrower, threatened against or affecting Borrower any Borrower, Guarantor or any Subsidiary, that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against Borrower any Borrower, Guarantor or any of its SubsidiariesSubsidiary.

Appears in 2 contracts

Samples: Loan Agreement (Horizon Offshore Inc), Loan Agreement (Horizon Offshore Inc)

Litigation and Judgments. Except as disclosed on Schedule 8.5 SCHEDULE 2 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal court, governmental authority, or arbitrator pending, or to the knowledge of Borrower, threatened against or affecting Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of Borrower or any Subsidiary or the ability of Borrower to pay and perform the Obligations. There are no outstanding judgments against Borrower or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Craftmade International Inc)

Litigation and Judgments. Except as disclosed on Schedule 8.5 2 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal court, governmental authority, or arbitrator pending, or to the knowledge of Borrower, threatened against or affecting Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of Borrower or any Subsidiary or the ability of Borrower to pay and perform the Obligations. There are no outstanding judgments against Borrower or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Craftmade International Inc)

Litigation and Judgments. Except as disclosed on Schedule 8.5 7.5 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against the Borrower or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Credit Agreement (First Wave Marine Inc)

Litigation and Judgments. Except as disclosed on Schedule 8.5 SCHEDULE 4.5 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the Obligations. There are no outstanding judgments against the Borrower or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Loan Agreement (Industrial Holdings Inc)

Litigation and Judgments. Except as disclosed on Schedule 8.5 hereto7.5, there is no action, suit, investigation, or proceeding before or by any Tribunal Governmental Authority or arbitrator pending, or to the knowledge of Borrowerthe Borrowers, threatened against or affecting any Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against any Borrower or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Transcoastal Marine Services Inc)

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Litigation and Judgments. Except as disclosed on Schedule 8.5 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, Subsidiary that would, if adversely determined, have a Material Adverse Effect. There On the date hereof, there are no outstanding unsatisfied judgments against the Borrower or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Drypers Corp)

Litigation and Judgments. Except as disclosed on Schedule 8.5 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal Governmental Authority or arbitrator pendingpending (in respect of which process has been served on Borrower or any of its Subsidiaries), or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against the Borrower or any of its SubsidiariesSubsidiary, except as disclosed on Schedule 8.5 hereto.

Appears in 1 contract

Samples: Credit Agreement (Veritas DGC Inc)

Litigation and Judgments. Except as disclosed on Schedule 8.5 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the Obligations. There are no outstanding judgments against the Borrower or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Inc)

Litigation and Judgments. Except as disclosed on Schedule 8.5 hereto, there is no action, suit, investigation, or proceeding before or by any Tribunal Governmental Authority or arbitrator pendingpending (in respect of which process has been served on Borrower or any of its Subsidiaries), or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against the Borrower or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Veritas DGC Inc)

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