Common use of Litigation, etc Clause in Contracts

Litigation, etc. No litigation, arbitration, administrative or governmental proceedings are pending or threatened against Grantor, which would, if adversely determined, materially and adversely affect the financial condition or continued operations of Grantor, or the liens and security interests of MLBFS hereunder.

Appears in 14 contracts

Samples: Loan and Security Agreement (Yp Net Inc), Loan and Security Agreement (Derma Sciences Inc), Security Agreement (American Eco Corp)

AutoNDA by SimpleDocs

Litigation, etc. No litigation, arbitration, administrative or governmental proceedings are pending or threatened against Grantor, which would, if adversely determined, materially and adversely affect the financial condition or continued operations of Grantor, or the liens and security interests of MLBFS hereunder.,

Appears in 1 contract

Samples: Lynch Security Agreement (Rent a Wreck of America Inc)

AutoNDA by SimpleDocs

Litigation, etc. No litigation, arbitration, administrative or governmental proceedings are pending or threatened against Grantor, which would, if adversely determined, materially and adversely affect the financial condition or continued operations of Grantor, or the liens and arid security interests of MLBFS hereunder.

Appears in 1 contract

Samples: Merrill Lynch Security Agreement (Rent a Wreck of America Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!