Litigation; Judgments. Except as stated on Schedule 6.7, there are no actions, suits, proceedings or investigations of any kind pending or threatened against or affecting Borrower, Owner, the Guarantors or the Collateral Property before any court, tribunal, administrative agency or board, mediator or arbitrator that, if adversely determined, could, either in any case or in the aggregate, reasonably be expected to, result in a Material Adverse Effect with respect to the financial condition or business of such Person. There are no judgments outstanding against or affecting Borrower, Owner, the Guarantors or the Collateral Property.
Appears in 5 contracts
Samples: Mezzanine Loan Agreement (Preferred Apartment Communities Inc), Mezzanine Loan Agreement (Preferred Apartment Communities Inc), Mezzanine Loan Agreement (Preferred Apartment Communities Inc)
Litigation; Judgments. Except as stated on Schedule 6.7, there are no actions, suits, proceedings or investigations of any kind pending or threatened against or affecting Borrower, OwnerAssignor, the Guarantors or the Collateral Property before any court, tribunal, administrative agency or board, mediator or arbitrator that, if adversely determined, could, either in any case or in the aggregate, reasonably be expected to, result in a Material Adverse Effect with respect to the financial condition or business of such Person. There are no judgments outstanding against or affecting Borrower, OwnerAssignor, the Guarantors or the Collateral Property.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (Preferred Apartment Communities Inc), Mezzanine Loan Agreement (Preferred Apartment Communities Inc)
