Common use of Litigation; Compliance with Laws; etc Clause in Contracts

Litigation; Compliance with Laws; etc. (a) Except as set forth in Schedule 4.06(a) annexed hereto, there are not any actions, suits or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority now pending or, to the knowledge of any Responsible Officer of any Borrower, threatened against or affecting any of the Loan Parties or any of their subsidiaries or the businesses, assets or rights of any of the Loan Parties or any of their subsidiaries (i) which involve any of the Transactions or (ii) as to which there is a reasonable likelihood of an adverse determination and which, if adversely determined, would, individually or in the aggregate, materially impair the ability of any of the Loan Parties or any of their subsidiaries to conduct business substantially as now conducted, or result in a Material Adverse Effect.

Litigation; Compliance with Laws; etc. (a) Except as set forth in Schedule 4.06(a) annexed hereto, there are not any actions, suits or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority now pending or, to the knowledge of any Responsible Officer of any Borrower, threatened against or affecting any of the Loan Parties or any of their subsidiaries or the businesses, assets or rights of any of the Loan Parties or any of their 50 56 subsidiaries (i) which involve any of the Transactions or (ii) as to which it is probable (within the meaning of Statement of Financial Accounting Standards No. 5) that there is a reasonable likelihood of will be an adverse determination and which, if adversely determined, would, individually or in the aggregate, materially impair the ability of any of the Loan Parties or any of their subsidiaries to conduct business substantially as now conducted, or result in a Material Adverse Effect.

Litigation; Compliance with Laws; etc. (a) Except as set forth in Schedule SCHEDULE 4.06(a) annexed hereto, there are not any actions, suits or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority now pending or, to the knowledge of any Responsible Officer of any the Borrower, threatened against or affecting any of the Loan Parties or any of their subsidiaries or the businesses, assets or rights of any of the Loan Parties or any of their subsidiaries (i) which involve any of the Transactions or (ii) as to which there is a reasonable likelihood of an adverse determination and which, if adversely determined, would, individually or in the aggregate, materially impair the ability of any of the Loan Parties or any of their subsidiaries to conduct business substantially as now conducted, or result in a Material Adverse Effect.

Litigation; Compliance with Laws; etc. (a) Except as set forth in Schedule 4.06(a) annexed heretohereto (which shall set forth a brief description thereof and an analysis of the expected disposition thereof), there are not any actions, suits or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority now pending or, to the knowledge of any Responsible Officer of any the Borrower, threatened against or affecting any of the Loan Parties Borrower or any of their its subsidiaries or the businesses, assets or rights of any of the Loan Parties Borrower or any of their its subsidiaries (i) which involve any of the Transactions or (ii) as to which there is a reasonable likelihood of an adverse determination and which, if adversely determined, would, individually or in the aggregate, materially impair the ability of any of the Loan Parties or any of their subsidiaries Borrower to conduct business substantially as now conducted, or would reasonably be expected to result in a Material Adverse Effect.

Litigation; Compliance with Laws; etc. (a) Except as set forth in Schedule 4.06(a4.6(a) annexed hereto, there are not any actions, suits or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority Governmental Authority now pending or, to the knowledge of any Responsible Officer of any the Borrower, threatened against or affecting any of the Loan Parties or any of their subsidiaries Subsidiaries or the businesses, assets or rights of any of the Loan Parties or any of their subsidiaries Subsidiaries (i) which involve any of the Transactions or (ii) as to which there is a reasonable likelihood of an adverse determination and which, if adversely determined, wouldcould, individually or in the aggregate, materially impair the ability of any of the Loan Parties or any of their subsidiaries reasonably be expected to conduct business substantially as now conducted, or result in a Material Adverse Effect.