Common use of Liabilities; Litigation Clause in Contracts

Liabilities; Litigation. Except for liabilities incurred in the normal course of business, neither the Company nor any Subsidiary has any material (individually or in the aggregate) liabilities, direct or contingent, except as disclosed or referred to in the most recent financial statements of the Company delivered to the Administrative Agent or as disclosed to the Lenders in Schedule 7.03 hereto. Except as disclosed in Schedule 7.03, to the best of the Company's knowledge and belief, as of the Closing Date, there is no litigation, legal, administrative or arbitral proceeding, investigation or other action of any nature pending or, to the knowledge of the Company threatened against or affecting the Company or any Subsidiary which could reasonably be expected to result in a Material Adverse Effect.

Liabilities; Litigation. Except for liabilities incurred in the normal course of business, neither the Company nor any Subsidiary has any material (individually or in the aggregate) liabilities, direct or contingent, except as disclosed or referred to in the most recent financial statements of the Company delivered to the Administrative Agent or as disclosed to the Lenders in Schedule 7.03 hereto. Except as disclosed in Schedule 7.03, to the best of the Company's knowledge and belief, as of the Closing Date, there is no litigation, legal, administrative or arbitral proceeding, investigation or other action of any nature pending or, to the knowledge of the Company threatened against or affecting the Company or any Subsidiary which could reasonably be expected to result in involves the possibility (other than customary deductibles) of any judgment or liability not fully covered by insurance, and which would have a Material Adverse Effect.