Common use of Litigation and Pending Proceedings Clause in Contracts

Litigation and Pending Proceedings. (a) Except for lawsuits involving collection of delinquent accounts and other matters involving Horizon or its Subsidiaries in the ordinary course of its business, there are no claims, actions, suits, proceedings, mediations, arbitrations or investigations pending and served against Horizon or any of its Subsidiaries or threatened in any court or before any government agency or authority, arbitration panel or otherwise against Horizon or any of its Subsidiaries which, if determined adversely to Horizon or any of its Subsidiaries, would have a Material Adverse Effect on Horizon. (b) Neither Horizon nor any of its Subsidiaries is: (i) subject to any outstanding judgment, order, writ, injunction or decree of any court, arbitration panel or governmental agency or authority; (ii) presently charged with or under governmental investigation with respect to, any actual or alleged violations of any law, statute, rule, regulation or ordinance; or (iii) the subject of any pending or threatened proceeding by any government regulatory agency or authority having jurisdiction over their respective business, assets, capital, properties or operations.

Appears in 2 contracts

Samples: Merger Agreement (Horizon Bancorp /In/), Merger Agreement (Horizon Bancorp /In/)

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Litigation and Pending Proceedings. (a) Except for lawsuits involving collection of delinquent accounts and other matters involving Horizon NWIN or its Subsidiaries in the ordinary course of its business, there are no claims, actions, suits, proceedings, mediations, arbitrations arbitrations, or investigations pending and served or, to the knowledge of NWIN, threatened against Horizon NWIN or any of its Subsidiaries or threatened in any court or before any government agency or authority, arbitration panel panel, or otherwise against Horizon or any of its Subsidiaries which, if determined adversely to Horizon NWIN or any of its Subsidiaries, would have a Material Adverse Effect on HorizonNWIN. (b) Neither Horizon NWIN nor any of its Subsidiaries is: (i) subject to any outstanding judgment, order, writ, injunction injunction, or decree of any court, arbitration panel panel, or governmental agency or authority; (ii) presently charged with or under governmental investigation with respect to, any actual or alleged violations of any lawLaw, statute, rule, regulation regulation, or ordinance; or (iii) the subject of any pending or threatened proceeding by any government regulatory agency or authority having jurisdiction over their respective business, assets, capital, properties properties, or operations.

Appears in 1 contract

Samples: Merger Agreement (Northwest Indiana Bancorp)

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Litigation and Pending Proceedings. (a) Except for (i) lawsuits described in the First Personal Disclosure Schedule, and (ii) lawsuits involving collection of delinquent accounts and other matters involving Horizon or its Subsidiaries in the ordinary course of its businessaccounts, there are no claims, actions, suits, proceedings, mediations, arbitrations arbitrations, or investigations pending and served or, to the knowledge of First Personal, threatened against Horizon First Personal or any of its Subsidiaries or threatened in any court or before any government agency or authority, arbitration panel panel, or otherwise against Horizon or any of its Subsidiaries which, if determined adversely to Horizon against First Personal or any of its Subsidiaries, would have a Material Adverse Effect on HorizonFirst Personal. (b) Neither Horizon First Personal nor any of its Subsidiaries is: (i) subject to any outstanding judgment, order, writ, injunction injunction, or decree of any court, arbitration panel panel, or governmental agency or authority; (ii) presently charged with or under governmental investigation with respect to, to any actual or alleged violations of any lawLaw, statute, rule, regulation regulation, or ordinance; or (iii) the subject of any pending or threatened proceeding by any government regulatory agency or authority having jurisdiction over their respective business, assets, capital, properties properties, or operations.

Appears in 1 contract

Samples: Merger Agreement (Northwest Indiana Bancorp)

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