Common use of No Material Litigation Clause in Contracts

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 5 contracts

Sources: Credit Agreement (Key Energy Group Inc), Credit Agreement (Aftermarket Technology Corp), Revolving Credit Agreement (Aftermarket Technology Corp)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority has been taken or initiated, is pending or, to the knowledge of the Borrower, threatened by or against or affecting the Borrower or any of its Restricted Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected to have have, individually or in the aggregate, a Material Adverse Effect.

Appears in 4 contracts

Sources: Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum Finance Corp)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) that, if reasonably likely to be adversely determined, which could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Sources: Term Loan Agreement (Infocrossing Inc), Term Loan Agreement (Infocrossing Inc), Term Loan Agreement (Midocean Capital Partners Lp)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the BorrowerBorrower or any Guarantor, threatened by or against the Borrower or any of its Subsidiaries Guarantor or against any of its the Borrower's or their respective any Guarantor's properties or revenues (a) with respect which is likely to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected adversely determined and which, if adversely determined, is likely to have a Material Adverse Effectmaterial adverse effect on the business, operations, property or financial or other condition of the Parent and its Subsidiaries, taken as a whole.

Appears in 4 contracts

Sources: Credit Agreement (National Technical Systems Inc /Ca/), Credit Agreement (National Technical Systems Inc /Ca/), Credit Agreement (National Technical Systems Inc /Ca/)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower Parent or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Sources: Credit Agreement (Landstar System Inc), Credit Agreement (Landstar System Inc), Credit Agreement (Landstar System Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the best knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to this Agreement, any of the other Loan Documents or any of the transactions contemplated hereby or thereby except as set forth on Schedule 4.5 or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Sources: Credit Agreement (Scotts Company), Credit Agreement (Scotts Company), Credit Agreement (Scotts Company)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the BorrowerBorrower or any Subsidiary, threatened by or against the Borrower or any of its Subsidiaries Subsidiary or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Sources: Credit Agreement (Big City Radio Inc), Credit Agreement (Big City Radio Inc), Credit Agreement (Big City Radio Inc)

No Material Litigation. No litigationlitigations, investigation investigations or proceeding proceedings of or before any arbitrator or Governmental Authority is are pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to if adversely determined would, individually or in the aggregate, have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Schein Henry Inc), Credit Agreement (Schein Henry Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of Holdings or the Borrower, threatened by or against Holdings, the Borrower or any of its their respective Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or Documents, any of the transactions contemplated hereby or thereby thereby, or the ranking and seniority of their respective obligations thereunder, or (b) which that could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Revolving Credit Agreement (National Coal Corp), Credit Agreement (National Coal Corp)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which could is reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Global Signal Inc), Credit Agreement (Global Signal Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the BorrowerBorrowers, threatened by or against the Borrower or any of its Subsidiaries Loan Party or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could would reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Transwestern Holdings Lp), Credit Agreement (TWP Capital Corp Ii)

No Material Litigation. No litigation, investigation or ---------------------- proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of Holdings or the Borrower, threatened by or against Holdings, the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which that could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to this Agreement, any of the other Loan Documents or any of the transactions contemplated hereby or thereby hereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Kimco Realty Corp), Credit Agreement (Kimco Realty Corp)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any which has a reasonable possibility of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which an adverse determination, and if adversely determined, could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Centennial Technologies Inc), Credit Agreement (Cubist Pharmaceuticals Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) as to which there is a reasonable possibility of an adverse determination and which could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Friendlys Restaurants Franchise Inc), Credit Agreement (Friendly Ice Cream Corp)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of which is in the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which could Borrower's reasonable opinion reasonably be expected like to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Affiliated Managers Group Inc), Credit Agreement (Affiliated Managers Group Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries Subsidiary or against any of its or their respective properties or revenues (a) with respect to this Agreement, the Notes, any of the Application or any other Loan Documents Document or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected to have a Material Adverse Effect. SCHEDULE 4.6 sets forth certain litigation and proceedings presently pending against the Borrower or its Subsidiaries.

Appears in 2 contracts

Sources: Credit Agreement (Outsource International Inc), Credit Agreement (Outsource International Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the best knowledge of the Borrower, threatened by or against the Borrower or any of its Borrower's Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of this Agreement or the Loan Documents Notes or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, operations, property or financial or other condition of Borrower and Borrower's Subsidiaries taken as a whole.

Appears in 2 contracts

Sources: Fifth Restated Revolving Credit Loan, Swingline Loan and Standby Letter of Credit Agreement (M I Schottenstein Homes Inc), Revolving Credit Loan Agreement (M I Schottenstein Homes Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the best knowledge and belief of the each Borrower, threatened by or against the any Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of this Agreement or the other Loan Documents Documents, the Leases, or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected relating to have a Material Adverse Effect.the Properties, or the ownership or the

Appears in 1 contract

Sources: Revolving Credit Agreement (Lexington Corporate Properties Inc)

No Material Litigation. No litigation, investigation or proceeding of ---------------------- or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, or threatened in writing by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Image Entertainment Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of Holdings and, after the effectiveness of the Assumption, the Borrower, threatened by or against Holdings, the Borrower Borrower, Metrocorp, Jewel or any of its their respective Subsidiaries or against any of its their or their respective properties or revenues business (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Security Capital Corp/De/)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of which in the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which Borrower's reasonable opinion could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Affiliated Managers Group Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries Subsidiary or against any of its or their respective properties or revenues (a) with respect to this Agreement, the Notes, any of the Application or any other Loan Documents Document or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected to have a Material Adverse Effect, except with respect to matters described on SCHEDULE 4.6.

Appears in 1 contract

Sources: Credit Agreement (Outsource International Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Parent or any Borrower, threatened by or against the Parent, any Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (White Mountains Insurance Group LTD)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries Affiliates or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Urban Shopping Centers Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues operations (a) with respect to any of the Loan Documents Documents, the Acquisition Documentation or any of the transactions contemplated hereby or thereby thereby, or (b) which that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Gentiva Health Services Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Parent or the Borrower, threatened by or against the Parent, the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (White Mountains Insurance Group LTD)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or Holding Companies or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Astor Holdings Ii Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries Loan Party or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected to have a Material Adverse Effectrevenues.

Appears in 1 contract

Sources: Credit Agreement (Seaena Inc.)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the best knowledge of the each Borrower, threatened by or against the Borrower or any of its Subsidiaries Credit Party or against any of its or their respective properties or revenues (a) with respect to any of this Agreement, the Notes or the other Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (LNR Property Corp)

No Material Litigation. No litigation, investigation or ---------------------- proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Infonet Services Corp)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues revenues, (a) on the Closing Date, with respect to any of this Agreement, the Notes or the other Loan Documents or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Univision Communications Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues revenues, (a) with respect which is so pending or threatened at any time on or prior to the date hereof and relates to any of the Loan Documents or the Acquisition or any of the transactions contemplated hereby or thereby or (b) which could would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Day International Group Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the any Borrower, threatened by or against the any Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Credit Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Floor Plan Agreement (Zaring National Corp)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending orpending, to the knowledge of the BorrowerBorrower and the Borrower Principals, threatened by or against the Borrower any of them or any of its Subsidiaries or against any of its or their respective properties or revenues (a) or with respect to any of the Loan Documents Document or any of the transactions contemplated hereby thereby, or thereby or (b) which could reasonably be expected to have a Material Adverse EffectChange.

Appears in 1 contract

Sources: Loan Agreement (Brassie Golf Corp)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues revenues, (a) with respect which is so pending or threatened at any time on or prior to the date hereof and relates to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which could would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Day International Group Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries Subsidiary or against any of its or their the respective properties or revenues (a) with respect to any of the Loan Documents Borrower or any of the transactions contemplated hereby or thereby or (b) Subsidiary which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Aquila Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the such Borrower, threatened by or against the Borrower Holdings or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) except as set forth on Schedule 5.6, which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Homeside Lending Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the any Borrower, threatened by or against the any Borrower or any of its Subsidiaries the other Loan Parties or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, (b) on the Closing Date, with respect to any of the Transaction Documents or (bc) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Cole National Corp /De/)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) except as set forth on Schedule 3.6, which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Revolving Credit Agreement (Homeside Lending Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Mk Resources Co)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the any Borrower, threatened by or against the any Borrower or any of its Subsidiaries the other Loan Parties or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Cole National Group Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents this Agreement or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected to have a Material Adverse Effecthereby.

Appears in 1 contract

Sources: Forbearance and Amendment Agreement (Physician Computer Network Inc /Nj)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the best knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries Subsidiary or against any of its or their respective properties or revenues (a) with respect to any of this Agreement or the Loan Documents Notes or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to -43- 44 have a Material Adverse Effectmaterial adverse effect on the business, operations, property or financial or other condition of Borrower and its Subsidiary taken as a whole.

Appears in 1 contract

Sources: Revolving Credit Loan and Standby Letter of Credit Agreement (M I Schottenstein Homes Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the best knowledge of the Borrower, threatened by or against the Borrower or any of its Subsidiaries Subsidiary or against any of its or their respective properties or revenues (a) with respect to any of this Agreement or the Loan Documents Notes or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, operations, property or financial or other condition of Borrower and its Subsidiary taken as a whole.

Appears in 1 contract

Sources: Restated Revolving Credit Loan, Seasonal Loan and Standby Letter of Credit Agreement (M I Schottenstein Homes Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the best knowledge of the BorrowerBorrower and its Subsidiaries, threatened by or against the Borrower or any of its Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents Documents, or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, operations, property or financial or other condition of Borrower and its Subsidiaries taken as a whole.

Appears in 1 contract

Sources: Revolving Credit Agreement (Thor Industries Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of CERI or the Borrower, threatened by or against the Borrower or any of its Subsidiaries Group Member or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents Documents, the Acquisition Documentation or any of the transactions contemplated hereby or thereby thereby, or (b) which except as set forth on SCHEDULE 4.6, that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Capital Environmental Resource Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Parent Guarantor or the Borrower, threatened by or against the Borrower Borrower, Capital, the Parent Guarantor or any of its the Parent Guarantor's Subsidiaries or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Bridge Loan Agreement (Creditrust Corp)

No Material Litigation. No litigation, investigation or proceeding of ---------------------- or before any arbitrator or Governmental Authority is pending or, to the knowledge of the any Fund or any Borrower, threatened by or against the Borrower any Fund or any of its Subsidiaries Borrower or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Excelsior Tax Exempt Funds Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any court, arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or against any of the properties or revenues of the Borrower which is reasonably likely to have a material adverse effect on the business, operations, property or financial or other condition of the Borrower, taken as a whole or on the ability of the Borrower to perform any of its Subsidiaries obligations under this Agreement or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (b) which could reasonably be expected to have a Material Adverse EffectRevolving Note.

Appears in 1 contract

Sources: Revolving Credit Agreement (Firstplus Financial Group Inc)

No Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the BorrowerBorrower or any Subsidiary, threatened by or against the Borrower or any of its Subsidiaries Subsidiary or against any of its or their respective properties or revenues (a) with respect to any of the 25 Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Big City Radio Inc)

No Material Litigation. No Except as set forth in Schedule II, no litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, or to the knowledge of the Borrower, Borrower threatened by or against the Borrower or any of its Subsidiaries Subsidiary or against any of its or their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby thereby, or (b) which could reasonably be expected to have result in a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (National City Corp)