Common use of LITIGATION AND LIENS Clause in Contracts

LITIGATION AND LIENS. To the best of the Company's knowledge, no litigation or proceeding is pending which would, if successful, have a Material adverse impact on the financial condition of the Company and the Consolidated Subsidiaries taken as a whole, which is not already reflected in the Company's Financial Reports delivered to the Lenders prior to the date of this Agreement. The Internal Revenue Service has not alleged any Material default by the Company in the payment of any tax or threatened to make any Material assessment in respect thereof which would have or reasonably could have a Material adverse impact on the financial condition of the Company and the Consolidated Subsidiaries, taken as a whole.

Appears in 4 contracts

Samples: 364 Day Revolving Credit Agreement (Sherwin Williams Co), Five Year Revolving Credit Agreement (Sherwin Williams Co), Five Year Revolving Credit Agreement (Sherwin Williams Co)

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LITIGATION AND LIENS. To the best of the Company's knowledge, no litigation or proceeding is pending which would, if successful, have a Material adverse impact on the financial condition of the Company and the Consolidated Subsidiaries taken as a whole, which is not already reflected in the Company's Financial Reports delivered to the Lenders Banks prior to the date of this Agreement. The Internal Revenue Service has not alleged any Material default by the Company in the payment of any tax or threatened to make any Material assessment in respect thereof which would have or reasonably could have a Material adverse impact on the financial condition of the Company and the Consolidated Subsidiaries, taken as a whole.

Appears in 2 contracts

Samples: Five Year Revolving Credit Agreement (Sherwin Williams Co), 364 Day Revolving Credit Agreement (Sherwin Williams Co)

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