Litigation, Proceedings, Etc Sample Clauses

Litigation, Proceedings, Etc. Except for those matters identified in Schedule 6.7 hereto, there are no actions, suits, proceedings, orders or injunctions pending or threatened against or affecting Borrower, the Resorts or the Timeshare Owners’ Association at law or in equity, or before or by any governmental authority or other tribunal, which (a) could have a material adverse effect on Borrower or (b) relate to the Loan or which could have a material effect on the Collateral or the Resorts. Borrower has received no notice from any court, governmental authority or other tribunal alleging that Borrower or the Resorts have violated the Timeshare Act, any of the rules or regulations thereunder, the Declaration or any other Applicable Laws, agreements or arrangements that could have any material effect on the Loan, the Collateral or the Resorts.
AutoNDA by SimpleDocs
Litigation, Proceedings, Etc. To the knowledge of Transferor, there is no lawsuit, proceeding, investigation or complaint before any Governmental Authority, mediator or arbitrator (“Action”) pending or, to the knowledge of the Transferor, contemplated or threatened against the Company or its properties or assets. To the knowledge of Transferor, there is no Action pending or contemplated or threatened against or affecting the Transferor, which relates to or challenges the legality, validity or enforceability of this Agreement or the Project Documents or which (individually or in the aggregate) reasonably could be expected to impair the ability or obligation of the Transferor to perform fully on a timely basis any obligation which it has or will have under this Agreement.
Litigation, Proceedings, Etc. There is no Action pending or, to the knowledge of the Transferee, contemplated or threatened against or affecting the Transferee or its properties or assets, which relates to or challenges the legality, validity or enforceability of this Agreement or which (individually or in the aggregate) reasonably could be expected to impair the ability or obligation of the Transferee to perform fully on a timely basis any obligation which it has or will have under this Agreement.
Litigation, Proceedings, Etc. Except for matters described in the ---------------------------- Disclosure Schedule, (i) there is no pending claim, action, litigation, suit or proceeding against, or investigation of, Seller; (ii) Seller has not received any notice of any claim, action, litigation, suit or proceeding against it or investigation of it, and no such claim, action, suit, proceeding or investigation is pending or, to Seller's or Stockholders'(in their capacity as officers of the Seller) knowledge, threatened against Seller; and (iii) there are no outstanding court, arbitration or agency orders, decrees or stipulations to which Seller is a party or which are directed to Seller.
Litigation, Proceedings, Etc. Except for those matters identified in Schedule 6.7 hereto, there are no actions, suits, proceedings, orders or injunctions pending or threatened against or affecting Borrower, the Collateral, the Resorts or the Timeshare Owners' Associations at law or in equity, or before or by any governmental authority or other tribunal, which (a) could have a material adverse effect on Borrower or (b) relate to the Loan or which could have a material effect on the Collateral or the Resorts. Borrower has received no notice from any court, Governmental Authority or other tribunal alleging that Borrower or the Resorts have violated any Timeshare Act, any of the rules or regulations thereunder, the Declaration or any other Applicable Laws, agreements or arrangements that could have any material effect on the Loan, the Collateral or the Resorts.
Litigation, Proceedings, Etc. There are no actions, suits, proceedings, orders or injunctions pending or threatened against or affecting Borrower, the Resort or the Timeshare Owners' Association at law or in equity, or before or by any governmental authority or other tribunal, which (a) could have a material adverse effect on Borrower or (b) relate to the Loan or which could have a material effect on the Collateral or the Resort. Borrower has received no notice from any court, governmental authority or other tribunal alleging that Borrower or the Resort have violated the Timeshare Act, any of the rules or regulations thereunder, the Declaration or any other applicable laws, agreements or arrangements that could have any material effect on the Loan, the Collateral or the Resorts.
Litigation, Proceedings, Etc. (a) From the date of this Agreement through the Closing Date or termination of this Agreement, Xxxxxx shall notify Avalon promptly of any material actions, proceedings, or investigations that from the date of this Agreement are commenced against Xxxxxx or the Fund. (b) From the date of this Agreement through the Closing Date or termination of this Agreement, Xxxxxx shall notify Avalon, and Avalon shall notify Xxxxxx, promptly of any actions, proceedings, or investigations that are commenced against either of them or the Fund that would have a material adverse effect on any of the Fund, the Assets, the Transactions, or this Agreement or that would delay, restrain, or enjoin the consummation of, or declare unlawful, the Transactions, or cause the Transactions to be rescinded or that would delay, restrain, or enjoin the performance of this Agreement, the Plan of Succession, or the New Contracts.
AutoNDA by SimpleDocs
Litigation, Proceedings, Etc. Seller is not aware of any action, suit, notice of violation or proceeding pending or, to the best knowledge of such Seller, threatened against or affecting such Seller or any of its properties before or by any court, governmental or administrative agency or regulatory authority (Federal, State, county, local or foreign) which relates to or challenges the legality, validity or enforceability of this Agreement.
Litigation, Proceedings, Etc. Except as disclosed to TFC and the Administrative Agent in writing prior to the Closing Date, there are no actions, suits, proceedings, orders or injunctions pending or, to the best of SPV's knowledge, threatened against or affecting SPV, Developer, any Subject Person, any Affiliate of SPV or any Subject Person, any Resort or any Applicable Timeshare Owners' Association, at law or in equity, or before or by any Governmental Authority or other tribunal, which (a) could have a material adverse effect on SPV or any Affiliate of SPV; or (b) relate to the Loan or which could have a material effect on the Collateral or any Resort. Exhibit H hereto describes all currently pending litigation against SPV, Developer and each Subject Person. None of SPV or, to the best of SPV's knowledge after diligent inquiry, Developer or any Subject Person has received notice from any court, Governmental Authority or other tribunal alleging any such Person or any Resort has violated the Timeshare Act, any other applicable statute, ordinance, rule or regulation governing the marketing and sale of Timeshares, any Applicable Underlying Declaration or any other applicable laws, agreements or arrangements that could have any material effect on the Loan, the Collateral or any Resort. SPV shall provide to TFC prompt written notice of any action commenced against any of the foregoing Persons.
Litigation, Proceedings, Etc. Except as set forth in Schedule 6.7 ----------------------------- ------------ attached to this Agreement, there are no actions, suits, proceedings, orders or injunctions pending or threatened against or affecting Borrower or Guarantor, at law or in equity, or before or by any governmental or quasi-governmental authority or agency, which (a) could have a material adverse effect on Borrower or Guarantor or (b) relate to the Loan or any of the Subdivisions or the Lots. Borrower has received no notice from any court or governmental authority alleging that Borrower has violated the Lot Sales Acts or any other applicable laws.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!