Common use of Litigation and Pending Proceedings Clause in Contracts

Litigation and Pending Proceedings. Except as set forth in the Disclosure Schedule: (a) Except for lawsuits involving collection of delinquent accounts, there are no claims, actions, suits, proceedings, mediations, arbitrations or investigations pending and served against MainSource or any of its subsidiaries or, to the knowledge of MainSource, threatened in any court or before any government agency or authority, arbitration panel or otherwise against MainSource or any of its subsidiaries. MainSource does not have knowledge of a basis for any claim, action, suit, proceeding, litigation, arbitration or investigation against MainSource or any of its subsidiaries. (b) Neither MainSource 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, to the knowledge of MainSource, 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, to the knowledge of MainSource, threatened proceeding by any government regulatory agency or authority having jurisdiction over their respective business, assets, capital, properties or operations

Litigation and Pending Proceedings. Except as set forth in the Disclosure Schedule: (a) Except for lawsuits involving collection of delinquent accounts, there There are no material claims, actions, suits, proceedings, mediations, arbitrations arbitrations, or investigations pending and served against MainSource or any of its subsidiaries or, to the knowledge of MainSourceHorizon, threatened in any court or before any government agency or authority, arbitration panel or otherwise against MainSource Horizon or any of its subsidiaries. MainSource does not have Subsidiaries, and to Horizon’s knowledge of a there is no basis for any claim, action, suit, proceeding, litigation, arbitration arbitration, or investigation against MainSource Horizon or any of its subsidiariesSubsidiaries that individually or in the aggregate would reasonably be expected to have a Material Adverse Effect on Horizon. (b) Neither MainSource Horizon nor any of its subsidiaries 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, except in the ordinary course of business regarding customer and fiduciary accounts; (ii) presently charged with or, to the knowledge of MainSource, or under governmental investigation with respect to, any actual or alleged violations of any law, statute, rule, regulation regulation, or ordinanceordinance (other than examinations by banking regulators in the ordinary course of operating a banking business); or (iii) the subject of any pending or, to the knowledge of MainSourceHorizon, threatened proceeding by any government regulatory agency or authority having jurisdiction over their respective business, assets, capital, properties properties, or operations.