PENDING MATERIAL PROCEEDINGS Clause Samples
The 'Pending Material Proceedings' clause requires parties to disclose any ongoing legal or regulatory actions that could significantly impact the agreement or the parties' ability to fulfill their obligations. In practice, this means each party must inform the other if they are involved in lawsuits, investigations, or administrative proceedings that are material to the transaction or relationship. By mandating such disclosure, the clause ensures transparency and allows parties to assess potential risks before finalizing the agreement.
PENDING MATERIAL PROCEEDINGS. There shall be no pending Material Proceedings.
PENDING MATERIAL PROCEEDINGS. There shall be no pending proceedings as covered by clauses (i) or (ii) of the definition of Material Proceedings; there shall be no pending proceedings as covered by clauses (iii) and (iv) of the definition of Material Proceedings with respect to which there is a reasonable likelihood that the outcome of such litigation, investigation or other proceeding would be adverse to a Covered Person and there is a reasonable likelihood that any relief or penalty expected to be awarded or imposed as a result of such adverse outcome would have a Material Adverse Effect.
PENDING MATERIAL PROCEEDINGS. There shall be no pending Material Proceedings other than as disclosed in Section 12.8 of the Disclosure Schedule.
PENDING MATERIAL PROCEEDINGS. There shall be no pending proceedings as covered by clauses (i) or (ii) of the definition of Material Proceedings; there shall be no pending proceedings as covered by clauses (iii) and (iv) of the definition of Material Proceedings with respect to which there is a reasonable likelihood that the outcome of such litigation, investigation or other
PENDING MATERIAL PROCEEDINGS. There shall be no pending Material Proceedings, except as set forth on Exhibit 11.
PENDING MATERIAL PROCEEDINGS. There are no pending Material Proceedings involving Borrower.