NO DEFAULTS OR LITIGATION Sample Clauses
NO DEFAULTS OR LITIGATION. 3.1 The Borrower has not committed to any agreement to which it is a party or by which it is bound, a default of which might have a material adverse effect on the business, assets or financial condition of the Borrower save as in the ordinary course of the Borrower’s business.
3.2 The Borrower is not in default in the payment or performance of any of its obligations for borrowed money and no such default is, to the best of the knowledge and belief of the Borrower, anticipated in respect of the Borrower.
3.3 There are no appeals, disputes or other proceedings pending before any court, tribunal, government agency or administrative body, or to the best of the knowledge and belief of the Borrower threatened against or affecting the Borrower which if adversely determined would materially and adversely affect the Borrower, its assets, its ability to perform its obligations under any agreement to which the Borrower is a party or impair the rights of the Borrower.
3.4 The Borrower has complied with all applicable laws and with the requirements of all government authorities having jurisdiction over the Borrower.
3.5 No legal procedure has been started nor have any legal proceedings been initiated or, to the best of the knowledge and belief of the Borrower, threatened, for the bankruptcy, dissolution, liquidation, winding-up, termination of existence or reorganisation of, or for the appointment of a receiver, manager (judicial or otherwise), trustee or similar officer of the Borrower or any or all of its assets, which might have a material adverse effect on the business, assets or financial condition of the Borrower.
NO DEFAULTS OR LITIGATION. 2.2.1 There are no material actions, suits or proceedings pending or overtly threatened against the Grantor, any Co-maker or the Property.
2.2.2 Neither the Grantor nor Co-maker is in default with respect to any material judgment, order, writ, injunction, decree or demand of any court, arbitrator, administrative agency or any governmental or quasi-governmental authority.
NO DEFAULTS OR LITIGATION. Southern Mutual is not in default in any material respect under any Contract to which it is a party. There are no lawsuits, proceedings, claims or governmental investigations pending or, to the Knowledge of Southern Mutual, threatened against Southern Mutual or against the properties or business thereof that might, individually or in the aggregate, have a Southern Mutual Material Adverse Effect and Southern Mutual has no Knowledge of any factual basis for any such lawsuit, proceeding, claim or investigation and there is no action, suit, proceeding or investigation pending, threatened or contemplated that questions the legality, validity or propriety of the transactions contemplated by this Agreement.
NO DEFAULTS OR LITIGATION. Sheboygan Falls is not in default in any material respect under any Contract to which it is a party. There are no lawsuits, proceedings, claims or governmental investigations pending or, to the Knowledge of Sheboygan Falls, threatened against Sheboygan Falls or against the properties or business thereof that might, individually or in the aggregate, have a Sheboygan Falls Adverse Effect and Sheboygan Falls has no Knowledge of any factual basis for any such lawsuit, proceeding, claim or investigation and there is no action, suit, proceeding or investigation pending, threatened or contemplated that questions the legality, validity or propriety of the transactions contemplated by this Agreement.