Absence of Proceedings and Actions Sample Clauses


Absence of Proceedings and Actions. There are no actions, suits, or proceedings pending, or, to the knowledge of Borrower after due inquiry, threatened against or affecting Borrower, the Borrower Subsidiaries, or any of their respective properties which, taking into account insurance coverage maintained by Borrower or by the Borrower Subsidiaries, have or could have a material adverse effect on Borrower, the Borrower Subsidiaries, or any of their respective properties.