Common use of Litigation; Adverse Effects Clause in Contracts

Litigation; Adverse Effects. There is no action, suit, audit, proceeding, administrative proceeding, investigation or arbitration (or series of related actions, suits, audits, proceedings, investigations or arbitrations) before or by any governmental authority or private arbitrator pending or, to the knowledge of the Company, threatened against the Company or any property of the Company challenging the validity or the enforceability of any of the Loan Documents, or which, if adversely determined, shall have or is reasonably likely to have a Material Adverse Effect. The Company is not subject to or in default with respect to any final judgment, writ, injunction, restraining order or order of any nature, decree, rule or regulation of any court or governmental authority, in each case which shall have or is likely to have a Material Adverse Effect.

Litigation; Adverse Effects. There is no action, suit, audit, proceeding, administrative proceeding, investigation or arbitration (or series of related actions, suits, audits, proceedings, investigations or arbitrations) pending before or by any governmental authority Governmental Authority or private arbitrator pending or, to the knowledge of the CompanyBorrower, threatened against the Company Borrower or any property of the Company thereof (i) challenging the validity or the enforceability of any provision of the Loan Documentsthis Agreement, or which, if adversely determinedany other Loan Document or (ii) which has had, shall have or is reasonably likely to have a Material Adverse Effect. The Company Borrower is not subject to or in default with respect to any final judgment, writ, injunction, restraining order or order of any nature, decree, rule or regulation of any court or governmental authorityGovernmental Authority, which individually or in each case which the aggregate shall have or is likely to have a Material Adverse Effect.