Common use of Litigation and Other Controversies Clause in Contracts

Litigation and Other Controversies. There is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company to perform its obligations under, this Agreement or any other Loan Document or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any Subsidiary.

Appears in 13 contracts

Samples: Credit Agreement (Maf Bancorp Inc), Credit Agreement (Maf Bancorp Inc), Credit Agreement (Maf Bancorp Inc)

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Litigation and Other Controversies. There is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company is reasonably likely to perform its obligations under, this Agreement or any other Loan Document or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any Subsidiaryhave a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Home Dialysis of Columbus Inc), Credit Agreement (Harrington West Financial Group Inc/Ca), Credit Agreement (Everest One Ipa Inc)

Litigation and Other Controversies. There is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company to perform its obligations under, this Agreement or any other Loan Document or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any Subsidiarya Materially Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Newport Corp), Revolving Credit Agreement (Newport Corp), Revolving Credit Agreement (Newport Corp)

Litigation and Other Controversies. There is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company to perform its obligations under, this Agreement or any other Loan Document or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any Subsidiaryand its Subsidiaries, taken as a whole.

Appears in 3 contracts

Samples: Credit Agreement (Oil-Dri Corp of America), Credit Agreement (Oil Dri Corporation of America), Loan Agreement (Oil Dri Corporation of America)

Litigation and Other Controversies. There is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary of its Subsidiaries which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company to perform its obligations under, this Agreement or any other Loan Document or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any Subsidiaryand its Subsidiaries taken as a whole.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Morton Industrial Group Inc), Note and Warrant Purchase Agreement (Morton Industrial Group Inc)

Litigation and Other Controversies. There is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company to perform its obligations under, this Agreement or any of the other Loan Document Documents or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (JPS Packaging Co)

Litigation and Other Controversies. There is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company to perform its obligations under, this Agreement or any of the other Loan Document Documents or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any SubsidiaryMaterial Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Kaneb Services LLC)

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Litigation and Other Controversies. There is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company to perform its obligations under, this Agreement or any other Loan Document or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Woodhead Industries Inc)

Litigation and Other Controversies. There Except as disclosed on Schedule 6.9 hereof, there is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company either Borrower to perform its obligations under, this Agreement or any other Loan Document or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any Subsidiarythe Company and its Subsidiaries taken as a whole .

Appears in 1 contract

Samples: Credit Agreement (Midwest Banc Holdings Inc)

Litigation and Other Controversies. There is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company to perform its obligations under, this Agreement or any other Loan Document or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any Subsidiaryand its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Champion Financial Corp /Md/)

Litigation and Other Controversies. There is no litigation or governmental proceeding or labor controversy pending, nor to the knowledge of the Company threatened, against the Company or any Subsidiary which if adversely determined would (a) impair the validity or enforceability of, or impair the ability of the Company to perform its obligations under, this Agreement or any other Loan Document or (b) result in any material adverse change in the financial condition, Properties, business or operations of the Company or any Subsidiary.,

Appears in 1 contract

Samples: Credit Agreement (Oil-Dri Corp of America)

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