Common use of Litigation; Judgments Clause in Contracts

Litigation; Judgments. On the Closing Date, there shall have been no actions, suits, proceedings or investigations pending (i) with respect to any Transaction Document or the transactions contemplated thereby or (ii) against any Borrower and which the Agent or the Majority Lenders shall determine could reasonably be expected to have a Material Adverse Effect. Additionally, there shall not have existed any judgment, order, injunction or other restraint issued or filed or a hearing seeking injunctive relief or other restraint pending or notified prohibiting or imposing materially adverse conditions upon the consummation of the transactions contemplated by the Transaction Documents and otherwise referred to herein or therein.

Litigation; Judgments. On the Closing Date, there shall have been be no actions, suits, proceedings or investigations pending or threatened in any court or before any arbitrator (i) with respect to this Agreement or any other Transaction Document or the transactions contemplated hereby or thereby or (ii) against any Borrower and which the Agent or the Majority Lenders shall determine could reasonably be expected to have a Material Adverse Effect. Additionally, there shall not have existed exist any judgment, order, injunction or other restraint issued or filed or a hearing seeking injunctive relief or other restraint pending or notified prohibiting or imposing materially adverse conditions upon the consummation of the transactions contemplated by the Transaction Documents and otherwise referred to herein or therein.