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 has been started or is reasonably likely to be started.
Appears in 6 contracts
Samples: Loan Agreement (Teekay Tankers Ltd.), Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.)
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 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 5 contracts
Samples: Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
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 material adverse effect on the business or financial condition of either Group taken as a whole has been started or is reasonably likely to be started.
Appears in 4 contracts
Samples: Facility Agreement (Teekay Corp), Facility Agreement (Teekay Corp), Facility Agreement (Teekay Tankers Ltd.)
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 2 contracts
