Absence of Material Litigation. Borrower is not a party to any litigation or administrative proceeding, nor so far as is known by Borrower is any litigation or administrative proceeding threatened against it, which in either case would, if adversely determined, cause any Material Adverse Change in its properties or the conduct of its business.
Appears in 2 contracts
Samples: Compensation Agreement (Hightimes Holding Corp.), Compensation Agreement (Origo Acquisition Corp)
Absence of Material Litigation. Borrower is not a party to any litigation or administrative proceeding, nor so far as is known by Borrower is any litigation or administrative proceeding threatened against it, which in either case would, if adversely determined, cause any Material Adverse Change material adverse change in its properties or the conduct of its business.
Appears in 2 contracts
Samples: Loan and Security Agreement (Electronic Cigarettes International Group, Ltd.), Loan and Security Agreement (American BioCare, Inc.)
Absence of Material Litigation. The Borrower is not a party to any litigation or administrative proceeding, nor so far as is known by the Borrower is any litigation or administrative proceeding threatened against it, which in either case would, if adversely determined, cause any Material Adverse Change material adverse change in its properties or the conduct of its business.
Appears in 1 contract
Samples: Execution Copy (I/Omagic Corp)
Absence of Material Litigation. Borrower is not a party to any litigation or administrative proceeding, nor so far as is known by Borrower is any litigation or administrative proceeding threatened against it, which in either case wouldcase, is likely to be adversely determined and, if adversely so determined, would cause any Material Adverse Change Change, except as disclosed in its properties or the conduct of its businesswriting to Lender.
Appears in 1 contract
Samples: Credit Agreement (Wisekey International Holding S.A.)
Absence of Material Litigation. The Borrower is not a party to any litigation or administrative proceeding, nor so far as is known by the Borrower is any litigation or administrative proceeding threatened against it, which in either case would, if adversely determined, cause any Material Adverse Change material adverse change in its properties or the conduct of its businessbusiness or create a liability in excess of $500,000.
Appears in 1 contract
Absence of Material Litigation. The Borrower is not a party to any litigation or administrative proceeding, nor so far as is known by the Borrower is any litigation or 17 administrative proceeding threatened against it, which in either case would, if adversely determined, cause any Material Adverse Change material adverse change in its properties or the conduct of its business.
Appears in 1 contract
Samples: Loan and Security Agreement (Centrum Industries Inc)
