Common use of Litigation and Judgments Clause in Contracts

Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any court, governmental authority, or arbitrator pending, or to the knowledge of Borrower, threatened against or affecting Borrower, Guarantor or any Subsidiary, that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against Borrower, Guarantor or any Subsidiary.

Appears in 2 contracts

Samples: Loan Agreement (Arabian Shield Development Co), Loan Agreement (Arabian American Development Co)

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Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any courtGovernmental Authority (including without limitation, governmental authority, the DOE) or arbitrator pending, or to the knowledge of either Borrower, threatened against or affecting Borrower, Guarantor either Borrower or any Subsidiary, that wouldSubsidiary which, if adversely determined, could have a Material Adverse Effect. There are no outstanding unstayed or undischarged judgments against Borrower, Guarantor either Borrower or any SubsidiarySubsidiary which would constitute an Event of Default under SECTION 10.1(h).

Appears in 2 contracts

Samples: Security Agreement (Nelnet Inc), Security Agreement (Nelnet Inc)

Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any court, governmental authority, or arbitrator pending, or to the knowledge of any Borrower, threatened against or affecting any Borrower, any Guarantor or any Subsidiary, that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against any Borrower, any Guarantor or any Subsidiary.

Appears in 2 contracts

Samples: Loan Agreement (Oyo Geospace Corp), Loan Agreement (Oyo Geospace Corp)

Litigation and Judgments. There is no action, suit, investigation, investigation or proceeding before or by any court, governmental authority, or arbitrator Governmental Authority pending, or to the knowledge of Borrower, threatened against or affecting Borrower, Guarantor Borrower or any Subsidiary, that wouldcould, if adversely determined, reasonably be expected to have a Material Adverse Effect. There are no outstanding judgments against Borrower, Guarantor Borrower or any Subsidiary.

Appears in 2 contracts

Samples: Loan Agreement (Sharps Compliance Corp), Loan Agreement (Sharps Compliance Corp)

Litigation and Judgments. There As of the date hereof, there is no action, suit, investigation, or proceeding before or by any court, governmental authority, Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting Borrower, Guarantor the Borrower or any Subsidiary, that wouldSubsidiary which, if adversely determined, could reasonably be expected to have a Material Adverse Effect. There are no outstanding unstayed or undischarged judgments against Borrower, Guarantor the Borrower or any SubsidiarySubsidiary which would constitute an Event of Default under Section 10.1 (h).

Appears in 1 contract

Samples: Loan Agreement (Uici)

Litigation and Judgments. There is no action, suit, investigation, investigation or proceeding before or by any court, governmental authority, authority or arbitrator pending, or to the knowledge of Borrower, threatened against or affecting Borrower, any Guarantor or any Subsidiary, that wouldcould, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against Borrower, any Guarantor or any Subsidiary.

Appears in 1 contract

Samples: Loan Agreement (Spacehab Inc \Wa\)

Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any court, governmental authority, Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting Borrower, Guarantor the Borrower or any SubsidiarySubsidiary that could reasonably be expected to have, that wouldeither individually or in the aggregate, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against Borrower, Guarantor the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Richmont Marketing Specialists Inc)

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Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any court, governmental authority, Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting Borrower, Guarantor the Borrower or any Subsidiary, that would, if adversely determined, have a Material Adverse Effect. There are no outstanding judgments against Borrower, Guarantor the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Horizon Health Corp /De/)

Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any court, governmental authority, or arbitrator pending, or to the knowledge of either Borrower, threatened against or affecting Borrower, Guarantor either Borrower or any Subsidiary, that wouldcould, if adversely determined, reasonably be expected to have a Material Adverse Effect. There Except as previously disclosed to the Agent pursuant to Section 11.1(h), there are no outstanding judgments against Borrower, Guarantor either Borrower or any SubsidiarySubsidiary that would result in an Event of Default hereunder.

Appears in 1 contract

Samples: Security Agreement (Forum Oilfield Technologies Inc)

Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any court, governmental authority, or arbitrator pending, or to the knowledge of Borrower, threatened against or affecting Borrower, any Guarantor or any Subsidiary, that wouldthat, if adversely determined, could reasonably be expected to have a Material Adverse Effect. There are no outstanding judgments against Borrower, any Guarantor or any Subsidiary.

Appears in 1 contract

Samples: Loan Agreement (Orion Marine Group Inc)

Litigation and Judgments. There is no action, suit, investigation, or proceeding before or by any court, governmental authority, Governmental Authority or arbitrator pending, or to the knowledge of Borrower, threatened against or affecting Borrower, Guarantor Borrower or any Subsidiary, of its Subsidiaries that wouldcould, if adversely determined, have result in a Material Adverse EffectEvent. There are no outstanding judgments against Borrower, Guarantor Borrower or any SubsidiarySubsidiary of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Vertical Capital Income Fund)

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