Common use of No Proceeding Clause in Contracts

No Proceeding. There is no litigation or administrative proceeding before any court, tribunal or governmental body presently pending or, to the knowledge of the Trust Depositor or the Servicer, threatened against the Trust Depositor or the Servicer, as the case may be, with respect to this Agreement, the Pooling Agreement, the Purchase and Sale Agreements, the Underwriting Agreement, the Indenture, any other Transaction Documents to which it is a party, the transactions contemplated hereby or thereby or the issuance of the Notes or Equity Certificate that would have a material adverse effect on the transactions contemplated by, or its ability to perform its obligations under, this Agreement, the Pooling Agreement, the Purchase and Sale Agreements, the Underwriting Agreement, the Indenture or any other Transaction Documents to which it is a party.

No Proceeding. There is no litigation or administrative proceeding before any court, tribunal or governmental body presently pending or, to the knowledge of the Trust Depositor or the Servicer, threatened against the Trust Depositor or the Servicer, as the case may be, with respect to this Agreement, the Pooling Agreement, the Purchase and Sale Agreements, the Underwriting Agreement, the Indenture, any other Transaction Documents to which it is a party, the transactions contemplated hereby or thereby or the issuance of the Notes or Equity Certificate that would have a material adverse effect on the transactions contemplated by, or its ability to perform its obligations under, this Agreement, the Pooling Agreement, the Purchase and Sale Agreements, the Underwriting Agreement, the Indenture or any the other Transaction Documents to which it is a party.