Common use of Litigation; Regulatory Action Clause in Contracts

Litigation; Regulatory Action. (i) No litigation, claim or other proceeding before any court or governmental agency is pending against it or any of its Subsidiaries and, to the best of its knowledge, no such litigation, claim or other proceeding has been threatened. (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 federal or state governmental agency or authority charged with the supervision or regulation of financial institutions or issuers of securities or engaged in the insurance of deposits (including, without limitation, the OCC, the Federal Reserve Board, the FDIC and the OTS) or the supervision or regulation of it or any of its Subsidiaries (collectively, the "Regulatory Authorities"). (iii) Neither it nor any of its Subsidiaries has been advised by any Regulatory Authority that such 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. (i) No Except as disclosed in the Company SEC Documents filed before the date of this Agreement, no litigation, claim proceeding, investigation or other proceeding controversy ("Litigation") before any court court, arbitrator, mediator, or governmental agency Governmental Authority is pending against it or involves the Company or any of its Subsidiaries Subsidiaries, and, to the best of its Company's knowledge, no such litigation, claim or other proceeding Litigation has been threatened. (ii) Neither it ; neither the Company 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 federal or state governmental agency or authority Governmental Authority charged with the supervision or regulation of financial institutions broker-dealers, securities underwriting or issuers of securities trading, stock exchanges, commodities exchanges, investment companies, investment advisors or engaged in the insurance of deposits (including, without limitation, the OCC, the Federal Reserve Board, the FDIC agents and the OTS) brokers or the supervision or regulation of it the Company or any of its Subsidiaries (collectively, or any of the "Regulatory Authorities"). (iii) Neither it other businesses they conduct; and neither the Company nor any of its Subsidiaries has been advised notified in writing by or received any Regulatory written communication from any such Governmental Authority to the effect that such Regulatory 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, supervisory letter or similar submission.

Litigation; Regulatory Action. (i) No litigation, claim or other proceeding before any court or governmental agency is pending against it or any of its Subsidiaries Subsidiaries, and, to the best of its knowledge, no such litigation, claim or other proceeding has been threatened. (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 federal or extraordinary supervisory letter from, state court or any federal or state governmental agency or authority charged with the supervision or regulation of financial institutions or issuers of securities or engaged in the insurance of deposits (including, without limitation, the OCC, the Federal Reserve BoardDFI, the FDIC and the OTSFederal Reserve Board) or the supervision or regulation of it or any of its Subsidiaries (collectively, the "Regulatory Authorities"). (iii) Neither it nor any of its Subsidiaries has been advised by any Regulatory Authority that such 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.