Common use of Pending Litigation or Proceedings Clause in Contracts

Pending Litigation or Proceedings. There are no judgements outstanding or actions, suits or proceedings pending or, to the Borrower’s knowledge, threatened against or affecting Borrower, at law or in equity or before or by any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that would have a material adverse effect on Borrower’s ongoing business prospects or Borrower’s ability to enter into this Agreement or the performance by Borrower of its obligations hereunder.

Appears in 27 contracts

Samples: Secured Loan Agreement (Tanzanian Gold Corp), Secured Loan Agreement (Tanzanian Gold Corp), Secured Loan Agreement (Tanzanian Gold Corp)

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Pending Litigation or Proceedings. There are no judgements judgments outstanding or actions, suits or proceedings pending or, to the Borrower’s 's knowledge, threatened against or affecting BorrowerBorrower or its Affiliates, at law or in equity or before or by any federal, provincial, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that which if adversely determined would reasonably be expected to have a material adverse effect on Borrower’s ongoing business prospects or Borrower’s ability to enter into this Agreement or the performance by Borrower of its obligations hereunderMaterial Adverse Effect.

Appears in 1 contract

Samples: Credit and Security Agreement (Gse Systems Inc)

Pending Litigation or Proceedings. There are no judgements judgments outstanding or actions, suits or proceedings pending or, to the Borrower’s knowledge, threatened against or affecting Borrower, at law or in equity or before or by any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that would have a material adverse effect on Borrower’s ongoing business prospects or Borrower’s ability to enter into this Agreement or the performance by Borrower of its obligations hereunder.

Appears in 1 contract

Samples: Secured Gold Loan Agreement (Tanzanian Gold Corp)

Pending Litigation or Proceedings. There are no judgements judgments outstanding or actions, suits or proceedings pending or, to the Borrower’s 's knowledge, threatened against or affecting BorrowerBorrower or its Affiliates, at law or in equity or before or by any federal, provincial, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that would have a material adverse effect on Borrower’s ongoing business prospects or Borrower’s ability to enter into this Agreement or the performance by Borrower of its obligations hereunder.

Appears in 1 contract

Samples: Credit and Security Agreement (Gse Systems Inc)

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Pending Litigation or Proceedings. There are no judgements judgments outstanding or actions, suits or proceedings pending or, to the Borrower’s knowledge, threatened against or affecting BorrowerBorrower or its Affiliates, at law or in equity or before or by any federal, provincial, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, foreign that would have a material adverse effect on Borrower’s ongoing business prospects or Borrower’s ability to enter into this Agreement or the performance by Borrower of its obligations hereunderMaterial Adverse Effect.

Appears in 1 contract

Samples: Demand Line of Credit Agreement (Artesian Resources Corp)

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