Common use of Litigation; Regulatory Action Clause in Contracts

Litigation; Regulatory Action. Except as disclosed in the Company SEC Documents filed before the date of this Agreement, no litigation, proceeding, investigation or controversy ("Litigation") before any court, arbitrator, mediator, or Governmental Authority is pending against or involves the Company or any of its Subsidiaries, and, to the Company's knowledge, no such Litigation has been threatened; neither the Company nor any of its Subsidiaries is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, any Governmental Authority charged with the supervision or regulation of broker-dealers, securities underwriting or trading, stock exchanges, commodities exchanges, investment companies, investment advisors or insurance agents and brokers or the supervision or regulation of the Company or any of its Subsidiaries or any of the other businesses they conduct; and neither the Company nor any of its Subsidiaries has been notified in writing by or received any written communication from any such Governmental Authority to the effect that such Governmental Authority is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter or similar submission.

Litigation; Regulatory Action. Except as disclosed in the Company SEC Documents filed before the date of this Agreement, no (i) No litigation, proceeding, investigation claim or controversy ("Litigation") other proceeding before any court, arbitrator, mediator, court or Governmental Authority governmental agency is pending against or involves the Company it or any of its Subsidiaries, Subsidiaries and, to the Company's best of its knowledge, no such Litigation litigation, claim or other proceeding has been threatened; neither the Company . (ii) Neither it nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from, any Governmental Authority federal or state governmental agency or authority charged with the supervision or regulation of broker-dealersfinancial institutions or issuers of securities or engaged in the insurance of deposits (including, securities underwriting or tradingwithout limitation, stock exchangesthe OCC, commodities exchangesthe Federal Reserve Board, investment companies, investment advisors or insurance agents the FDIC and brokers the OTS) or the supervision or regulation of the Company it or any of its Subsidiaries or any of (collectively, the other businesses they conduct; and neither the Company "Regulatory Authorities"). (iii) Neither it nor any of its Subsidiaries has been notified in writing advised by or received any written communication from any such Governmental Regulatory Authority to the effect that such Governmental Regulatory Authority is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.

Litigation; Regulatory Action. Except as disclosed in the Company SEC Documents filed before the date of this Agreement, no (i) No litigation, proceeding, investigation claim or controversy ("Litigation") other proceeding before any court, arbitrator, mediator, court or Governmental Authority governmental agency is pending against or involves the Company it or any of its Subsidiaries, and, to the Company's best of its knowledge, no such Litigation litigation, claim or other proceeding has been threatened; neither the Company . (ii) Neither it nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, any Governmental Authority federal or state court or any federal or state governmental agency or authority charged with the supervision or regulation of broker-dealersfinancial institutions or issuers of securities or engaged in the insurance of deposits (including, securities underwriting or tradingwithout limitation, stock exchangesthe DFI, commodities exchanges, investment companies, investment advisors or insurance agents the FDIC and brokers the Federal Reserve Board) or the supervision or regulation of the Company it or any of its Subsidiaries or any of (collectively, the other businesses they conduct; and neither the Company "Regulatory Authorities"). (iii) Neither it nor any of its Subsidiaries has been notified in writing advised by or received any written communication from any such Governmental Regulatory Authority to the effect that such Governmental Regulatory Authority is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter or similar submission.