Common use of 7Litigation Clause in Contracts

7Litigation. There are no outstanding judgments or orders against or otherwise affecting or related to EFLL, or the business or assets; and there is no action, suit, complaint, proceeding or investigation, judicial, administrative or otherwise, that is pending or, to the best knowledge of the Shareholder, threatened that, that has not been disclosed and if adversely determined, would have a material adverse effect on the validity, binding effect or enforceability of this Agreement or the Collateral Documents.