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Common use of No Legal Suits Clause in Contracts

No Legal Suits. There are no legal actions, suits, or proceedings pending or, to the knowledge of the Borrower, threatened against the Borrower before any court or administrative agency, which, if determined adversely to the Borrower, would have a material adverse effect on the financial condition or business of the Borrower.

Appears in 13 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

No Legal Suits. There are no legal actions, suitssuits or proceedings pending, or proceedings pending or, to the knowledge of the any Borrower, threatened against the any Borrower or otherwise relating to any of its business properties before any court or administrative agency, which, if determined adversely to the Borrower, would have a material adverse effect on the financial condition or business of the any Borrower.

Appears in 3 contracts

Samples: Term Promissory Note (Pioneer Railcorp), Loan Agreement (Pioneer Railcorp), Loan Agreement (Pioneer Railcorp)

No Legal Suits. There are no legal actions, suits, or proceedings pending or, to the knowledge of the Borrower, threatened against the Borrower before any court or administrative agency, which, agency which if determined adversely to the Borrower, would have a material adverse effect on the financial condition or business of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Adcare Health Systems Inc)

No Legal Suits. There are no legal actions, suits, or proceedings pending orpending, or to the knowledge of the Borrower, threatened against the Borrower before any court or administrative agency, agency which, if determined adversely to the Borrower, would have a material adverse effect on the financial condition or business of the Borrower.

Appears in 1 contract

Samples: Credit Facility Agreement (Gas Transmission Northwest Corp)