Common use of LITIGATION, CLAIMS, INVESTIGATIONS Clause in Contracts

LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted Company, and, if so adversely determined, could (individually or collectively with other Litigation) be a Material Adverse Event. There are no outstanding orders or judgments for the payment of money in excess of $100,000,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against any Restricted Company's assets having a value (individually or collectively) of $100,000,000 or more which is not either (i) stayed on appeal or (ii) being diligently contested in good faith by appropriate proceedings and adequate reserves have been set aside on the books of such Restricted Company in accordance with GAAP. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or threatened by or against any Restricted Company which could be a Material Adverse Event, nor any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company that could be a Material Adverse Event.

Appears in 3 contracts

Samples: Credit Agreement (Worldcom Inc /Ga/), Credit and Term Loan Agreement (Worldcom Inc /Ga/), Credit Agreement (Worldcom Inc /Ga/)

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LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted Company, and, if so adversely determined, could (individually or collectively with other Litigation) be a Material Adverse Event. There are no outstanding orders or judgments for the payment of money in excess of $100,000,000 1,000,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against the assets of any Restricted Company's assets Company having a value (individually or collectively) of $100,000,000 1,000,000 or more which is not either (ia) stayed on appeal or (iib) being diligently contested in good faith by appropriate proceedings and adequate reserves have been set aside on the books of such Restricted Company in accordance with GAAP. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or threatened by or against any Restricted Company relating to the Sygnet Merger, the transactions evidenced by the Loan Papers, or which could be a Material Adverse Event, nor any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company that could be a Material Adverse Event.

Appears in 2 contracts

Samples: Credit Agreement (Dobson Sygnet Communications Co), Credit Agreement (Dobson Communications Corp)

LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company or Guarantor is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted CompanyCompany or any Guarantor, and, if so adversely determined, could (individually or collectively with other Litigation) be a Material Adverse Event. There are no outstanding orders or judgments for the payment of money in excess of $100,000,000 1,000,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against the assets of any Restricted Company's assets Company or Guarantor having a value (individually or collectively) of $100,000,000 1,000,000 or more which is not either (ia) stayed on appeal or (iib) being diligently contested in good faith by appropriate proceedings and adequate reserves have been set aside on the books of such Restricted Company in accordance with GAAP. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or threatened by or against any Restricted Company or Guarantor which could be a Material Adverse Event, nor any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company or any Guarantor that could be a Material Adverse Event.

Appears in 2 contracts

Samples: 364 Day Revolving Credit and Term Loan Agreement (Dobson Communications Corp), Revolving Credit Agreement (Dobson Communications Corp)

LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted Company, and, if so adversely determined, could would (individually or collectively with other Litigation) reasonably be expected to be a Material Adverse Event. There are no outstanding orders or judgments for the payment of money in excess of $100,000,000 25,000,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against the assets of any Restricted Company's assets Company or any Subsidiary thereof having a value (individually or collectively) of $100,000,000 25,000,000 or more which is not either (ia) stayed on appeal or (iib) being diligently contested in good faith by appropriate proceedings and adequate reserves have been set aside on the books of such Restricted Company in accordance with GAAP. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or threatened by or against any Restricted Company which could would reasonably be expected to be a Material Adverse Event, nor any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company that could would reasonably be expected to be a Material Adverse Event.

Appears in 2 contracts

Samples: Credit Agreement (Adelphia Communications Corp), Pledge Agreement (Adelphia Communications Corp)

LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted Company, and, if so adversely determined, could (individually or collectively with other Litigation) be a Material Adverse Event. There are no outstanding orders or judgments for the payment of money in excess of $100,000,000 25,000,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against the assets of any Restricted Company's assets Company having a value (individually or collectively) of $100,000,000 25,000,000 or more which is not either (ia) stayed on appeal appeal, or (iib) being diligently contested in good faith by appropriate proceedings diligently conducted, and adequate against which reserves or other provisions required by GAAP have been set aside on the books of such Restricted Company in accordance with GAAPmade. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or or, to the best knowledge of Borrower, threatened by or against any Restricted Company which is reasonably likely to be determined adversely and, if so adversely determined, could be a Material Adverse Event, nor any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company that could be a Material Adverse Event.

Appears in 1 contract

Samples: Credit Agreement (Centex Corp)

LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted Company, and, if so adversely determined, could (individually or collectively with other Litigation) be a Material Adverse Event. There are no outstanding orders or judgments for the payment of money in excess of $100,000,000 5,000,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against the assets of any Restricted Company's assets Company having a value (individually or collectively) of $100,000,000 5,000,000 or more which is not either (ia) stayed on appeal or (iib) being diligently contested in good faith by appropriate proceedings and adequate reserves have been set aside on the books of such Restricted Company in accordance with GAAP. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or threatened by or against any Restricted Company which could be a Material Adverse Event, nor any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company that could be a Material Adverse Event.

Appears in 1 contract

Samples: Revolving Credit Agreement (Intermedia Communications Inc)

LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted Company, and, if so adversely determined, could (individually or collectively with other Litigation) reasonably be expected to be a Material Adverse Event. There are no outstanding orders or judgments against a Company for the payment of money in excess of $100,000,000 7,500,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against the assets of any Restricted Company's assets Company having a value (individually or collectively) of $100,000,000 7,500,000 or more which is not either (ia) stayed on appeal or (iib) being diligently contested in good faith by appropriate proceedings and adequate reserves have having been set aside on the books of such Restricted Company the Companies in accordance with GAAP. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or threatened by or against any Restricted Company relating to the Consolidation, the transactions evidenced by the Loan Documents, or which could reasonably be expected to be a Material Adverse Event, nor or any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company that could reasonably be expected to be a Material Adverse Event.

Appears in 1 contract

Samples: Credit Agreement (Medical Assurance Inc)

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LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted Company, and, if so adversely determined, could (individually or collectively with other Litigation) be a Material Adverse Event. There are no outstanding orders or judgments for the payment of money in excess of $100,000,000 10,000,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against the assets of any Restricted Company's assets Company having a value (individually or collectively) of $100,000,000 $ 10,000,000 or more which is not either (ia) stayed on appeal appeal, or (iib) being diligently contested in good faith by appropriate proceedings diligently conducted, and adequate against which reserves or other provisions required by GAAP have been set aside on the books of such Restricted Company in accordance with GAAPmade. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or or, to the best knowledge of Borrower, threatened by or against any Restricted Company which could be a Material Adverse Event, nor any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company that could be a Material Adverse Event.

Appears in 1 contract

Samples: Credit Agreement (Centex Development Co Lp)

LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted Company, and, if so adversely determined, could (individually or collectively with other Litigation) be a Material Adverse Event. There are no outstanding orders or judgments for the payment of money in excess of $100,000,000 2,000,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against the assets of any Restricted Company's assets Company having a value (individually or collectively) of $100,000,000 2,000,000 or more which is not either (ia) stayed on appeal or (iib) being diligently contested in good faith by appropriate proceedings and with adequate reserves have having been set aside on the books of such Restricted Company in accordance with GAAP. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or or, to Borrower's knowledge, threatened by or against any Restricted Company (a) relating to the Spinoff, (b) relating to the transactions evidenced by the Loan Documents, or (c) which could reasonably be expected to be a Material Adverse Event, nor any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company that could reasonably be expected to be a Material Adverse Event.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Coorstek Inc)

LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted Company, and, if so adversely determined, could (individually or collectively with other Litigation) reasonably be expected to be a Material Adverse Event. There are no outstanding orders or judgments for the payment of money in excess of $100,000,000 5,000,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against the assets of any Restricted Company's assets Company having a value (individually or collectively) of $100,000,000 5,000,000 or more which is not either (ia) stayed on appeal or (iib) being diligently contested in good faith by appropriate proceedings and adequate reserves have been set aside on the books of such Restricted Company the Companies in accordance with GAAP. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or threatened by or against any Restricted Company relating to the American Merger, the transactions evidenced by the Loan Documents, or which could reasonably be expected to be a Material Adverse Event, nor any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company that could reasonably be expected to be a Material Adverse Event.. Credit Agreement 61

Appears in 1 contract

Samples: Credit Agreement (Dobson Communications Corp)

LITIGATION, CLAIMS, INVESTIGATIONS. No Restricted Company or Guarantor is subject to, or aware of the threat of, any Litigation which is reasonably likely to be determined adversely to any Restricted CompanyCompany or Guarantor, and, if so adversely determined, could (individually or collectively with other Litigation) be a Material Adverse Event. There are no outstanding orders or judgments for the payment of money in excess of $100,000,000 250,000 (individually or collectively) or any warrant of attachment, sequestration, or similar proceeding against the assets of any Restricted Company's assets Company or Guarantor having a value (individually or collectively) of $100,000,000 250,000 or more which is not either (ia) stayed on appeal or (iib) being diligently contested in good faith by appropriate proceedings and adequate reserves have been set aside on the books of such Restricted Company or Guarantor in accordance with GAAP. There are no formal complaints, suits, claims, investigations, or proceedings initiated at or by any Governmental Authority pending or threatened by or against any Restricted Company or Guarantor which could be a Material Adverse Event, nor any judgments, decrees, or orders of any Governmental Authority outstanding against any Restricted Company that could be a Material Adverse Event.

Appears in 1 contract

Samples: Term Loan Agreement (Dobson Communications Corp)

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