Common use of Litigation and Judgments Clause in Contracts

Litigation and Judgments. Except as disclosed on Schedule 7.5 hereto, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a material adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the Obligations. There are no outstanding judgments against the Borrower or any Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Industrial Holdings Inc), Loan Agreement (First Wave Marine Inc)

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Litigation and Judgments. Except as disclosed on Schedule 7.5 6.5 hereto, there is no action, suit, investigation, or proceeding before or by any Governmental Authority court, governmental authority, or arbitrator pending, or to the knowledge of the any Borrower, threatened against or affecting the Borrower any Borrower, Guarantor or any Subsidiary, that would, if adversely determined, have a material adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the ObligationsMaterial Adverse Effect. There are no outstanding judgments against the Borrower any Borrower, Guarantor or any Subsidiary.

Appears in 2 contracts

Samples: Loan Agreement (Horizon Offshore Inc), Security Agreement (Horizon Offshore Inc)

Litigation and Judgments. Except as disclosed on Schedule 7.5 SCHEDULE 4.5 hereto, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a material adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the Obligations. There are no outstanding judgments against the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Loan Agreement (Industrial Holdings Inc)

Litigation and Judgments. Except as disclosed on Schedule 7.5 SCHEDULE 2 hereto, there is no action, suit, investigation, or proceeding before or by any Governmental Authority court, governmental authority, or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a material adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the Obligations. There are no outstanding judgments against the Borrower or any Subsidiary.. Section 6.6

Appears in 1 contract

Samples: Credit Agreement (Craftmade International Inc)

Litigation and Judgments. Except as disclosed on Schedule 7.5 2 hereto, there is no action, suit, investigation, or proceeding before or by any Governmental Authority court, governmental authority, or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a material adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the Obligations. There are no outstanding judgments against the Borrower or any Subsidiary.. Section 6.6

Appears in 1 contract

Samples: Credit Agreement (Craftmade International Inc)

Litigation and Judgments. Except as disclosed on Schedule 7.5 8.5 hereto, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a material adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the Obligations. There are no outstanding judgments against the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Inc)

Litigation and Judgments. Except as disclosed on Schedule 7.5 SCHEDULE 8.5 hereto, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a material adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the ObligationsMaterial Adverse Effect. There are no outstanding judgments against the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Snelling & Snelling Inc)

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Litigation and Judgments. Except as disclosed on Schedule 7.5 8.5 hereto, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, Subsidiary that would, if adversely determined, have a material adverse effect on Material Adverse Effect. On the businessdate hereof, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the Obligations. There there are no outstanding unsatisfied judgments against the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Drypers Corp)

Litigation and Judgments. Except as disclosed on Schedule 7.5 hereto, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a material adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the ObligationsMaterial Adverse Effect. There are no outstanding judgments against the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (First Wave Marine Inc)

Litigation and Judgments. Except as disclosed on Schedule 7.5 hereto7.5, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of the BorrowerBorrowers, threatened against or affecting the any Borrower or any Subsidiary, that would, if adversely determined, have a material adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the ObligationsMaterial Adverse Effect. There are no outstanding judgments against the any Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Transcoastal Marine Services Inc)

Litigation and Judgments. Except as disclosed on Schedule 7.5 8.5 hereto, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pendingpending (in respect of which process has been served on Borrower or any of its Subsidiaries), or to the knowledge of the Borrower, threatened against or affecting the Borrower or any Subsidiary, that would, if adversely determined, have a material adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or any Subsidiary or the ability of the Borrower to pay and perform the ObligationsMaterial Adverse Effect. There are no outstanding judgments against the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Veritas DGC Inc)

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