Common use of Litigation, Proceedings, Etc Clause in Contracts

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 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. 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 Resort 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 ResortResorts. Borrower has received no notice from any court, governmental authority or other tribunal alleging that Borrower or the Resort Resorts have violated the Timeshare Act, any of the rules or regulations thereunder, the Declaration or any other applicable lawsApplicable Laws, agreements or arrangements that could have any material effect on the Loan, the Collateral or the Resorts.

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 Resort 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 ResortResorts. Borrower has received no notice from any court, governmental authority or other tribunal alleging that Borrower or the Resort 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.

Litigation, Proceedings, Etc. Except for those matters identified in Schedule 6.7 6.8 hereto, there are no actions, suits, proceedings, orders or injunctions pending or threatened against or affecting either Borrower, the Resort 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 either Borrower or (b) relate to the Loan or which could have a material adverse effect on the Collateral or the ResortResorts. Neither Borrower has received no notice from any court, governmental authority or other tribunal alleging that Borrower or the Resort 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.