Common use of Pending Proceedings Clause in Contracts

Pending Proceedings. There are no actions, suits, proceedings or investigations pending or, to the knowledge of any of the Obligors threatened, against any Obligor or any assets of any Obligor, the adverse determination of which would be reasonably expected to have a Material Adverse Effect. No judgments have been entered against any of the Obligors which would result in an Event of Default under Section 7.01.5 of the Credit Agreement.

Appears in 4 contracts

Samples: Credit Agreement (GPB Automotive Portfolio, LP), Credit Agreement (GPB Automotive Portfolio, LP), Credit Agreement (GPB Automotive Portfolio, LP)

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Pending Proceedings. There are no actions, suits, proceedings or investigations pending or, to the knowledge of any of the Obligors threatened, against any Obligor or any assets of any Obligor, the adverse determination of which would which, individually or in the aggregate, could be reasonably expected to have a result in any Material Adverse EffectChange. No judgments have been entered against any of the Obligors which would result in an Event of Default under Section 7.01.5 7.05 of the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Lazydays Holdings, Inc.), Credit Agreement (Lazydays Holdings, Inc.)

Pending Proceedings. There are no actions, suits, proceedings or investigations pending or, to the knowledge of any of the Obligors threatened, against any Obligor or any assets of any Obligor, the adverse determination of which would be reasonably expected to have a Material Adverse Effect, except as set forth in Schedule 3.3 attached hereto. No judgments have been entered against any of the Obligors which would result in an Event of Default under Section 7.01.5 of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (GPB Automotive Portfolio, LP)

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Pending Proceedings. There are no actions, suits, suits or proceedings or investigations pending or, to the knowledge of against any of the Obligors threatened, against any Obligor or any assets of any ObligorObligors, the adverse determination of which would be reasonably expected likely to have a Material Adverse Effect. No judgments have been entered against any of the Obligors which would result in an Event of Default under Section 7.01.5 8.01(k) of the Credit Agreement.

Appears in 1 contract

Samples: Modification Agreement (Lecroy Corp)

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