Common use of Lawsuits Clause in Contracts

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower which, if lost, would impair the Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 60 contracts

Sources: Credit Agreement, Loan Agreement (Energy Resources 12, L.P.), Loan Agreement (Mechanical Technology Inc)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower which, if lost, would impair the Borrower's ’s financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 32 contracts

Sources: Loan Agreement, Loan Agreement (Wayfair Inc.), Loan Agreement (Energy Resources 12, L.P.)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower Borrower, which, if lost, would impair the Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 25 contracts

Sources: Business Loan Agreement (Dura Pharmaceuticals Inc/Ca), Business Loan Agreement (Eloyalty Corp), Business Loan Agreement (E Tek Dynamics Inc)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the any Borrower which, if lost, would impair the such Borrower's ’s financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 7 contracts

Sources: Loan Agreement (Resources Connection Inc), Loan Agreement (Iaso Pharma Inc), Loan Agreement (Air T Inc)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower which, if lost, would impair the Borrower's ’s financial condition or ability to repay the loanLoan, except as have been disclosed in writing to the BankLender.

Appears in 7 contracts

Sources: Loan Agreement, Loan Agreement (Odyssey Marine Exploration Inc), Loan Agreement (Odyssey Marine Exploration Inc)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower Borrowers or any one of them which, if lost, would impair the Borrowers' or any Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 3 contracts

Sources: Business Loan Agreement (Grill Concepts Inc), Business Loan Agreement (Ashworth Inc), Business Loan Agreement (California Water Service Group)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower Borrower, which, if lost, would materially impair the Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 3 contracts

Sources: Business Loan Agreement (Powerwave Technologies Inc), Business Loan Agreement (Ba Merchant Services Inc), Credit Agreement (Special Devices Inc /De)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower Borrower, which, if lost, would impair the Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the BankBank prior to the date of this Agreement.

Appears in 3 contracts

Sources: Business Loan Agreement (Ventana Medical Systems Inc), Business Loan Agreement (Garcia Ernest C Ii), Business Loan Agreement (Sunrise Preschools Inc/De/)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or or, to the best of Borrower's knowledge, threatened against the Borrower which, if lost, would impair the Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the BankLine of Credit.

Appears in 2 contracts

Sources: Loan Agreement (Boston Capital Real Estate Investment Trust Inc), Loan Agreement (Boston Capital Real Estate Investment Trust Inc)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower Borrower, which, if lost, would impair the Borrower's financial condition or ability to repay the loan, in each case in any material respect, except as have been disclosed in writing to the Bank.

Appears in 2 contracts

Sources: Business Loan Agreement (Variflex Inc), Business Loan Agreement (Variflex Inc)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower or any guarantor which, if lost, would impair the Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 2 contracts

Sources: Business Loan Agreement (Coffee People Inc), Business Loan Agreement (Flir Systems Inc)

Lawsuits. There is no lawsuit, tax arbitration, claim or other dispute pending or threatened against the Borrower which, if lost, would impair the Borrower's financial condition or ability to repay the loanLoan, except as have has been previously disclosed in writing to the Bank.

Appears in 2 contracts

Sources: Unsecured Line of Credit Loan Agreement (Bre Properties Inc /Md/), Unsecured Line of Credit Loan Agreement (Bre Properties Inc /Md/)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the any Borrower which, if lost, would materially impair the such Borrower's consolidated financial condition or ability to repay the loan, except as have been disclosed in writing to the BankLender.

Appears in 1 contract

Sources: Business Loan Agreement (Crop Growers Corp)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower Borrower, which, if lost, would impair the Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the BankLoan.

Appears in 1 contract

Sources: Business Loan Agreement (Mobility Electronics Inc)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower or any of its Significant Subsidiaries which, if lost, would impair the Borrower's financial condition or ability to repay the loancould have a Material Adverse Effect, except as have been disclosed in writing to the Bank.

Appears in 1 contract

Sources: Business Loan Agreement (Quidel Corp /De/)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or or, to the Borrower's knowledge, threatened against the Borrower Borrower, which, if lost, would materially impair the Borrower's financial condition or ability to repay the loancredit facilities extended under this Agreement, except as have been disclosed in writing to the BankBank prior to the date of this Agreement.

Appears in 1 contract

Sources: Business Loan Agreement (Cerprobe Corp)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened threatens against the Borrower which, if lost, would impair have a material adverse effect on the Borrower's financial condition or ability to repay the loanthis credit, except as have been disclosed in writing to the Bank.

Appears in 1 contract

Sources: Business Loan Agreement (Longs Drug Stores Corp)

Lawsuits. There is no lawsuit, tax arbitration, claim or other dispute pending or threatened against the Borrower which, if lost, would impair the Borrower's financial condition or ability to repay advances made, and other amounts due, under the loanLoan Documents, except as have has been previously disclosed in writing to the Bank.

Appears in 1 contract

Sources: Unsecured Line of Credit Loan Agreement (Bre Properties Inc /Md/)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower which, if lost, would impair the Borrower's financial condition or ability to repay the loan, except as have has been disclosed in writing to the BankBank prior to the date of this Agreement.

Appears in 1 contract

Sources: Automobile Flooring and Security Agreement (United Auto Group Inc)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower or any of its subsidaries, which, if lost, would impair the Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 1 contract

Sources: Business Loan Agreement (Oyo Geospace Corp)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower any Borrower, which, if lost, would impair the Borrowers' or any Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.Bank prior to the date of this Agreement

Appears in 1 contract

Sources: Business Loan Agreement (Jda Software Group Inc)

Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against the Borrower Borrower, which, if lost, would impair the Borrowerborrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 1 contract

Sources: Business Loan Agreement (American Eco Corp)

Lawsuits. There To the best of the Borrower's knowledge, there is no lawsuit, tax claim or other dispute pending or threatened against the Borrower Borrower, which, if lost, would impair the Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 1 contract

Sources: Business Loan Agreement (Sport Chalet Inc)

Lawsuits. There To the best of the Borrower's knowledge, there is no lawsuit, tax claim or other dispute pending or threatened against the Borrower which, if lost, would impair the Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.

Appears in 1 contract

Sources: Business Loan Agreement (Sport Chalet Inc)

Lawsuits. There is no lawsuit, tax arbitration, claim or other dispute pending or threatened against the Borrower which, if lost, would materially impair the Borrower's financial condition or ability to repay the loanLoan, except as have has been previously disclosed in writing to the Bank.

Appears in 1 contract

Sources: Secured Line of Credit Loan Agreement (Franklin Select Realty Trust)