Common use of Litigation; Adverse Effects Clause in Contracts

Litigation; Adverse Effects. (i) There is no action, suit, proceeding, governmental investigation or arbitration, at law or in equity, by or before any Governmental Authority, pending or, to best of Borrower's knowledge, threatened against the REIT or any Property of the REIT, which will (A) result in a Material Adverse Effect on the REIT, (B) materially and adversely affect the ability of any party to any of the Loan Documents to perform its obligations thereunder, or (C) materially and adversely affect the ability of the REIT to perform its obligations as contemplated in the Loan Documents.

Appears in 3 contracts

Samples: Term Loan Agreement (Arden Realty Limited Partnership), Revolving Credit Agreement (Arden Realty Inc), Credit Agreement (Arden Realty Inc)

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Litigation; Adverse Effects. (ia) There is no action, suit, proceeding, governmental investigation or arbitration, at law or in equity, by or before or by any Governmental Authority, pending or, to best of Borrower's knowledge, threatened against the REIT or any Property of the REIT, which will (Ai) result in a Material Adverse Effect on the REIT, (Bii) materially and adversely affect the ability of any party to any of the Loan Documents to perform its obligations thereunder, or (Ciii) materially and adversely affect the ability of the REIT to perform its obligations as contemplated in the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Spieker Properties Inc), Credit Agreement (Spieker Properties Inc)

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Litigation; Adverse Effects. (i) There is no action, suit, proceeding, governmental investigation or arbitration, at law or in equity, by or before or by any Governmental Authority, pending or, to best of Borrower's knowledge, threatened against the REIT or any Property of the REIT, which will (A) result in a Material Adverse Effect on the REIT, (B) materially and adversely affect the ability of any party to any of the Loan Documents to perform its obligations thereunder, or (C) materially and adversely affect the ability of the REIT to perform its obligations as contemplated in the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Prudential Bache Equitec Real Estate Partnership), Credit Agreement (Arden Realty Inc)

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