Common use of No Actions, Suits Clause in Contracts

No Actions, Suits. There are no actions, suits or other proceedings (including matters relating to environmental liability) pending or threatened against or affecting any Originator or any of its properties, that (i) have a reasonable likelihood of an adverse outcome and, if adversely determined (individually or in the aggregate), can reasonably be expected to have a material adverse effect on the financial condition of the Parent and its subsidiaries, taken as a whole, or on the collectibility of a material portion of the Receivables or (ii) involve any Transaction Document or any transaction contemplated thereby. No Originator is in default of any contractual obligation or in violation of any order, rule or regulation of any Governmental Authority, which default or violation is reasonably likely to have a material adverse effect upon (i) the financial condition of the Parent and its subsidiaries, taken as a whole or (ii) the collectibility of a material portion of the Receivables.

No Actions, Suits. There Except as disclosed by the Originator in its most recent filings with the SEC under the Securities Exchange Act of 1934, there are no actions, suits or other proceedings (including matters relating to environmental liability) pending or threatened against or affecting any Originator or any of its properties, that (i) have a reasonable likelihood of an adverse outcome and, if adversely determined (individually or in the aggregate), can is reasonably be expected likely to have a material adverse effect on the financial condition of the Parent and its subsidiaries, taken as a whole, Originator or on the collectibility of a material portion of the Receivables or (ii) involve seeks to challenge the validity of Originator's obligations under any Transaction Document to which it is a party or any transaction contemplated thereby. No Originator is not in default of any contractual obligation or in violation of any order, rule or regulation of any Governmental Authority, which default or violation is could reasonably likely be expected to have a material adverse effect upon (i) the financial condition of or the Parent and its subsidiaries, taken as a whole Originator or (ii) the collectibility of a material portion of the Receivables.

No Actions, Suits. There Except as disclosed by Parent in its current reports filed with the SEC under the Securities Exchange Act of 1934, as amended, there are no actions, suits or other proceedings (including matters relating to environmental liability) pending or threatened against or affecting any Originator or any of its properties, that (i) have a reasonable likelihood of an adverse outcome and, if adversely determined (individually or in the aggregate), can is reasonably be expected likely to have a material adverse effect on the financial condition of the Parent and its subsidiaries, taken as a whole, Originator or on the collectibility of a material portion of the Receivables or (ii) involve seeks to challenge the validity of Originator’s obligations under any Transaction Document to which it is a party or any transaction contemplated thereby. No Originator is not in default of any contractual obligation or in violation of any order, rule or regulation of any Governmental Authority, which default or violation is could reasonably likely be expected to have a material adverse effect upon (i) the financial condition of or the Parent and its subsidiaries, taken as a whole Originator or (ii) the collectibility of a material portion of the Receivables.

No Actions, Suits. There are no actions, suits or other proceedings (including matters relating to environmental liability) pending or threatened against or affecting any Originator or any | CH\782994.6|| 030466-0018 of its properties, that (i) have a reasonable likelihood of an adverse outcome and, if adversely determined (individually or in the aggregate), can reasonably be expected is likely to have a material adverse effect on the financial condition of the Parent and its subsidiaries, taken as on a whole, consolidated basis or on the collectibility of a material portion of the Receivables or (ii) involve any Transaction Document or any transaction contemplated thereby. No Originator is in default of any contractual obligation or in violation of any material order, rule or regulation of any Governmental Authority, which default or violation is reasonably likely to have a material adverse effect upon (i) the financial condition of the Parent and its subsidiaries, taken as on a whole consolidated basis or (ii) the collectibility of a material portion of the Receivables.