Common use of No Pending Action Against Grelan Clause in Contracts

No Pending Action Against Grelan. GRELAN represents and warrants that to its knowledge there is no action or proceeding pending against GRELAN relating to the Venture Products GR, and to its knowledge there is no basis for or threat of any action or proceeding relating to the Venture Products GR, which might result in a material adverse change in the business or financial condition of GRELAN which could adversely affect the rights of BIONUMERIK or KI PHARMA under this Agreement or the development of the Venture Products.