No Material Proceedings. No action or administrative proceeding of or before any court, arbitral body or agency which is not covered by adequate insurance or which might have a material adverse effect on the business or financial condition of the Group taken as a whole has been started or is reasonably likely to be started.
Appears in 4 contracts
Samples: Secured Term Loan Facility (Teekay Offshore Partners L.P.), Secured Term Loan Facility Agreement (Teekay Offshore Partners L.P.), Loan Agreement (Teekay Shipping Corp)
No Material Proceedings. No action or administrative proceeding of or before any court, arbitral body or agency which is not covered by adequate insurance or which might have a material adverse effect on the business or financial condition of the any Group taken as a whole has been started or is reasonably likely to be started.
Appears in 3 contracts
Samples: Loan Agreement (Teekay Offshore Partners L.P.), Loan Agreement, Loan Agreement (Teekay Corp)
